Cement News tagged under: TCC International
TCC International issues positive profit alert12 July 2017, Published under Cement NewsTCC International Holdings Ltd said it expects to swing to a profit for the first half of this year compared to a loss for the corresponding period of 2016. The Hong Kong-listed cement products manufacturer said an increase in product prices has helped earnings through the first half. It did not specify the expected profit for the January-June 2017 period. In the 1H16, TCC International posted a loss of HKD156.1m (US$20m). |
Hong Kong: TCC International increases its shareholding in TCC07 September 2016, Published under Cement NewsTCC International Holdings Ltd (TCCI) declared that Chia Hsin Pacific Ltd under Chia Hsin Cement Corporation plans to sell off 3030m common shares in TCC to TCC International Ltd for HKD 2.2 per share or HKD667m in total. Payment will start on 8 September, after which TCCI will raise its shareholding in TCC from 56.92 per cent to 63.05 per cent, while Chia Hsin Pacific will then hold less than 10 per cent in TCC. |
TCC warns on full-year net loss08 January 2016, Published under Cement NewsTCC International Holdings Ltd said it expects to swing to a net loss for 2015 from a net profit of HKD2.05bn (US$264.5m) in the previous year. The cement producer said the expected loss was due to a 26 per cent decline in the average selling price of its cement products and a weakening Chinese yuan against the US dollar during the year. The company said it will publish its full-year results in March. (Source: Dow Jones Newswires) |
TCC International Holdings net profit rises 22.5%13 March 2015, Published under Cement NewsTCC International Holdings Ltd said net profit surged 22.5 per cent to US$264m. The Chinese cement producer attributed the profit rise to strong sales in southern China, where production plants in Guangdong and Guangxi provinces contributed more to sales. However, both cement sales and average selling price has dropped in the second half of 2014, it said in a public statement. |
Taiwan Cement Corp subsidiary in Chinese acquisition03 November 2014, Published under Cement NewsTaiwan Cement Corp announce that it plans to spend CNY676m (US$1117m) to acquire Sichuan Railway Group Cement via a subsidiary as part of its plans to increase its presence in China. The acquisition is being made through the company's subsidiary TCC International. Upon completion of the deal, Taiwan Cement's total clinker and cement capacity would be increased by 1.6Mta and 2Mta, respectively . Currently, TCC International, which is listed in Hong Kong, operates two plants in Sichuan: ... |
TCC International receives buyout bid28 November 2013, Published under Cement NewsTCC International Holdings said it received a buyout offer from its parent company Taiwan Cement Corp. Taiwan Cement currently holds a 56.5 per cent stake in TCC International Holdings. The proposed deal is valued at HKD5.59bn (US$721m), according to Bloomberg. The deal will allow Taiwan Cement to book the full profits of the Hong Kong unit, TCC International Holdings Ltd, which has a major production base in China and is benefiting from rising product prices there, analysts said. |
Prosperity Minerals completes sale of TCC Liaoning Cement, China27 August 2013, Published under Cement NewsProsperity Minerals has completed the sale of its 16.11 per cent stake in China-based TCC Liaoning Cement to TCC International Holdings. All the necessary approvals were obtained and the disposal was completed on 22 August 2013, Prosperity said. As per the agreement, around US$18.7m, or 80 per cent of the total consideration, has been paid to Prosperity and around US$3.5m will be paid to the company within five working days following completion. The balance will be retained by TCC I... |
Credit Suisse lifts target price for TCC International13 August 2013, Published under Cement NewsCredit Suisse lifted its target price for Taiwan Cement Co (TCC) International to HK$1.8 from HK$1.7 and upgraded the stock to "neutral" from "underperform". The research house said TCCI sees improving cement pricing in the second half of this year, but also expects administrative cost may revert as well. Management commented that Guangdong has increased prices by CNY40-50/t (US$6-8) since May which were partly offset by higher cost of trucking due to overload controls. The house also revi... |
TCC International expects profits to double in 1H1310 July 2013, Published under Cement NewsTCC International expects to double net profit attributable to shareholders in the first half of this year compared to the same period of 2012. The increase is mainly attributed to the group’s improved operations in southwest China and a corresponding rise in its profit contribution during the period, ET Net News reports. The advanced profits are due to a increase sales and a significant improvement in gross profit margins. |
Prosperity Minerals to dispose of its stake in TCC Liaoning, China08 February 2013, Published under Cement NewsProsperity Minerals has signed a conditional sale and purchase agreement with TCC International Holdings Ltd to sell its 16.11 per cent interest in TCC Liaoning for CNY144.5m (approximately US$23m). The company said in a statement that the completion of the disposal is subject to TCC International obtaining the necessary approvals from the Taiwan Investment Commission and its compliance with the listing requirements in Taiwan and Hong Kong Prosperity acquired its interest in TCC Liao... |