The Great China Metal Industry Co, which is Taiwan’s largest manufacturer of aluminium food and beverage containers, has raised product prices by 10% in both China and Taiwan as it looks to offset the rising cost of raw material prices.

C.S. Chiang, chairman and president of Great China, noted prices will be further raised if aluminium ingot prices continue on an uptrend.

The company has recently also increased their output in China, which has enabled it to double its annual output to 2.4 billion container in the country alone. This will in turn enable it to raise its market share in the country by 20%, thus placing them in a position to receive high profits next year.

According to cens.com “Institutional investors predicted that Great China Group will register NT$6.184 billion in consolidated sales in 2010, up 12.45% year-on-year, with after-tax earnings per share to reach NT$2.4 in 2010.

“Great China Group will likely post over 25% year-on-year sales growth with per-share after-tax earnings reaching NT$3.2 in 2011.”