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Taiwan Stocks: Nan Kang Rubber Tire, Taiwan Glass Industrial

Post Time:Dec 15,2010Classify:Industry NewsView:526

Dec. 15 (Bloomberg) -- Taiwan’s Taiex Index was little changed at 8,740.25 as of 9:25 a.m. in Taipei trading.

 

Nan Kang Rubber Tire Co. (2101 TT) gained 2 percent to NT$49.35, the most since Dec. 6. The tire maker will increase product prices by about 8 percent from January because of a continued increase in raw material prices, the company said in a statement to the Taiwan Stock Exchange yesterday.

 

Taiwan Glass Industrial Corp. (1802 TT) increased 3.4 percent to NT$36.80, the most since Dec. 1. The company’s board of directors approved a plan to invest NT$3 billion on a new super thin glass production line to meet market demand, the company said in a statement to the stock exchange.

 

Source: http://www.businessweek.com/news/2010-12-14/taiwanAuthor: shangyi

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