Cement News tagged under: Asia Cement Corp

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Asia Cement Corp partners with RWE for offshore energy project

03 April 2020, Published under Cement News

Europe’s third-largest renewables group, RWE, is partnering with Taiwan’s Asia Cement Corp to set up an offshore wind project. The Chu Feng project would have an installed capacity of 448MW and be located off the northwest coast, near Hsinchu City. "The Chu Feng project will enable us to enter this growing market with a strong local partner at our side, whose local expertise complements our global experience and technical know-how," said Sven Utermoehlen, senior vice president of Renewable ...

Taiwan's cement manufacturers record mixed results

10 March 2020, Published under Cement News

Taiwan’s major cement manufacturers have reported mixed results in the first two months of 2020. Taiwan Cement Corp Taiwan Cement Corp has seen a 1.7 per cent decline in February revenue to TWD5bn (US$166.8m) from TWD5.09bn a year earlier. In the first two months of 2020, total revenue was down 13.7 per cent YoY to TWD12.5bn from TWD14.5bn. Asia Cement Corp Asia Cement Corp has also recorded a 9.9 per cent fall in sales to TWD2.85bn in February, compared with TWD3.17bn in the year-ago...

Taiwanese cement producers see revenue decline in January

10 February 2020, Published under Cement News

Taiwan’s cement manufacturers have recorded a challenging start to the year, with Taiwan Cement Corp noting a 20.1 per cent decline in January revenue to TWD7.50bn (US$249.3m) from TWD9.39bn in the year-ago period. Elsewhere, Asia Cement Corp recorded a 34.1 per cent YoY decrease in revenue to TWD5.21bn for the first month of 2020. Lucky Cement saw a 16.1 per cent YoY fall in revenue to TWD296.4m from TWD353.19m in January 2019.

Asia Cement Corp records 5% YoY revenue increase

10 December 2019, Published under Cement News

Taiwan’s Asia Cement Corp has recorded a 4.9 per cent increase in November 2019 revenue to TWD8bn (US$262.5m), compared with TWD7.626bn in the year-ago period. In the first 11 months of the year, revenue climbed 6.6 per cent YoY to TWD81.23bn from TWD76.2bn.

Taiwanese producers record mixed results in October

11 November 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has recorded a 12.5 per cent YoY fall in revenue for October 2019, decreasing to TWD638.73m (US$21m) from TWD729.87m. However, revenue in the January-October period increased 15 per cent YoY to TWD6.26bn. Elsewhere in the country, Asia Cement Corp saw an 8.4 per cent YoY dip in October revenue to TWD7.02bn from TWD7.66bn. Revenue in the 10M19 was up 6.8 per cent to TWD73.23bn. Universal Cement Corp noted a 10.1 per cent improvement in revenue for October 2019, wh...

Asia Cement Corp's Taroko mining rights repealed

12 July 2019, Published under Cement News

The Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Taroko residents responded by filing a lawsuit against the MOEA and ACC. The court ruled for the reside...

Asia Cement Corp announces 54% rise in net income

21 May 2019, Published under Cement News

Taiwan’s Asia Cement Corp saw a 54.4 per cent surge in net income for the first quarter of 2019 at TWD2.93bn (US$93.6m). Analysts has claimed that the results were mainly due to a strong cement business in China and non-operating income from its investments in other affiliates of its parent company, Far Eastern Group, according to the Taipei Times. Consolidated revenue in the first four months of 2019 increased 17.1 per cent YoY to TWD27.83bn. The company has stated that it was still p...

Taiwanese producers record positive August results

10 September 2018, Published under Cement News

Taiwan’s Asia Cement Corp has reported a 31.7 per cent YoY increase in revenue to TWD7.18bn (US$232.9m) for August 2018, alongside a 34.6 per cent rise in Jan-Aug revenue to TWD53.21bn. Elsewhere in the country, Taiwan Cement Corp noted a 54 per cent YoY surge in August revenue to TWD10.7bn from TWD6.95bn. In the Jan-Aug period, revenue reached TWD79.22bn from TWD60.88bn. Furthermore, Hsing Ta Cement saw August revenue up 22.8 per cent to TWD598.64m and Jan-Aug revenue advance 24.9 per ...

Taiwanese giants profit on mainland China

08 May 2018, Published under Cement News

This week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan cong...

Taiwanese giants profit on mainland China

04 May 2018, Published under Cement News

This week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan conglomer...