The cement operations accounted for 60.3 per cent of group turnover, or Y257,967m (€1834m), ahead of mineral resources with 12.1 per cent, other construction materials with 9.8 per cent and environmental activities with 7.7 per cent. The trading profit from cement was 43.6 per cent higher at Y17,764m (€126m). Operations outside Japan generated 21.8 per cent of the group turnover, or Y93,199m (€663m), of which North America represented Y43,343m (€308m) and overseas Asian markets Y40,317m (€385m). The quality management and technical services functions of the cement company are being merged into a technical support unit, while the Oita cement works will also take over the management of the Tsukumi and Saiki plants, reducing overheads and improving staff flexibility.
On the back of the better than expected first half results, the Taiheiyo Cement Corporation management has increased its full year forecasts for turnover and profit before exceptional items by 1.1 per cent to Y880,000m (€6,260m) and 14.5 per cent to Y47,000m (€334m) respectively. It is also expecting a modest profit of some Y5000m (€36m) at the net level, rather than a loss, helped in addition by a lowering of the envisaged tax charge.
