Cement News tagged under: Asia Cement Corp

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Asia Cement Corp's Taroko mining rights repealed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The Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan.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...

Taiwan manufacturers see positive January

12 February 2018, Published under Cement News

Four of Taiwan's cement producers have reported positive results for January. Hsing Ta, Universal, Asia Cement Corp and Taiwan Cement Corp all saw revenues increase.   Hsing Ta Cement has announced its revenue results for the January 2018 period, which feature a 42.8 per cent rise to TWD475.4m (US$16.2m) from TWD333m in January 2017. Similarly, Universal Cement Corp has realised a 26.6 per cent YoY revenue increase from TWD363.8m to TWD460.4m for January 2018. In the same period, As...

China Shanshui shareholders mull takeover bid

22 July 2015, Published under Cement News

China Shanshui Cement Group Ltd said two of its largest shareholders are considering a takeover bid, Bloomberg reports. Asia Cement Corp of Taiwan and China National Building Material Co, which together own about 38 per cent of Shanshui Cement, are considering a general cash offer to acquire the shares they don’t already control, the companies said in a statement to Hong Kong’s exchange Tuesday. The proposal by Asia Cement and China National Building Material escalates the fight for contr...