Cement News tagged under: Asia Cement

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Taiwan Cement and Asia Cement report fall in January revenues

24 February 2022, Published under Cement News

In January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year.

Taiwan's cement producers announce November results

10 December 2021, Published under Cement News

Taiwan Cement has posted a 1.5 per cent YoY decline in November revenue to TWD9.75bn (US$351.94m) against TWD9.9bn in the year-ago period. In the first 11 months of 2021, revenue stayed largely consistent at TWD96.22bn from TWD95.81bn. Asia Cement saw revenue up 13.4 per cent to TWD8.99bn from TWD7.92bn in November 2020, while revenue in the 11M21 climbed 14.8 per cent YoY to TWD80.25bn. Elsewhere, Chia Hsin Cement reported a 5.3 per cent YoY increase in revenue to TWD197.77m in November ...

Taiwan's producers see mixed September results

08 October 2021, Published under Cement News

Taiwan’s Asia Cement has reported a 7.9 per cent YoY rise in September revenue to TWD7.83bn (US$278.97m) from TWD7.26bn in the year-ago period. In the first nine months of the year, revenue increased 13.3 per cent to TWD61.81bn from TWD54.56bn. Universal Cement saw revenue advance 17.2 per cent YoY in September to TWD528.3m, while its 9M21 revenue was up 12.1 per cent to TWD4.36bn from TWD3.89bn. Elsewhere, Lucky Cement announced a 29 per cent decline in revenue for September to TWD269.96...

Asia Cement posts 7% rise in revenue

11 August 2021, Published under Cement News

Taiwan’s Asia Cement has recorded a 6.7 per cent YoY rise in revenue to TWD22.08bn (US$792.89m) in the second quarter of the year, compared to TWD20.69bn in the year-ago period. However, net profit saw a 3.3 per cent fall to TWD4.52bn from TWD4.67bn in the 2Q20.

Asia Cement creates shore power solution for vessels

21 May 2021, Published under Cement News

Taiwan’s Asia Cement Corp has announced the completion of a full shore power project for its cement vessels, which will see its cement carriers use the onshore Taipower energy supply instead of using on-board generators while berthing at port. The project is expected to save over 1474t of fuel per year and effectively cut 5329t of CO 2 emissions. Asia Cement currently has four cement carriers that transport cement from its Hualien plant to various ports of Taiwan and overseas markets. In ...

Asia Cement records 36% increase in revenue

14 May 2021, Published under Cement News

Taiwan’s Asia Cement has recorded a 36.1 per cent YoY increase in revenue to TWD17.88bn (US$639.38m) for the first quarter of 2021, up from TWD13.14bn in the 1Q20. Net profit advanced 330.2 per cent to TWD3.2bn from TWD743.77m in the year-ago period, while pre-tax profit reached TWD4.74bn from TWD1.57bn.

A change in direction for Taiwanese cement producers

01 April 2021, Published under Cement News

Taiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48Mt in 2019 to 10.07Mt in 2020, a rise of 6.2 per cent, according to data released by the Taiwan Cement Manufacturers' Association. Cement consumption previously exceeded 10Mt in 2015, when it peaked at 10.6Mt. It fell to 8.88Mt in 2017 before recovering to its current level, and in 2021 it is forecast to reach 10.36Mt,...

Asia Cement to purchase additional stake in Chiahui Power

11 September 2020, Published under Cement News

Japan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in  Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The share sale is subject to the approval of Taiwan’s authorities. Asia Cement, by purchasing the 39.97 per cent share, will raise its stake in Chiahui Power to 99.7 per cent. J-Power initially acquired the Chiahui Power shares from Asia Cement in 2002 and invested around JPY8bn (US$7m) into the firm, making it its lar...

Asia Cement Corp sees 32% decline in revenue

15 May 2020, Published under Cement News

Taiwan’s Asia Cement Corp has posted a 32.2 per cent decline in revenue to TWD13.14bn (US$439.2m) in the first quarter of 2020, compared with TWD19.39bn in the year-ago period. Net profit also fell 74.6 per cent YoY to TWD743.77m from TWD2.93bn in the 1Q19.

Asia Cement launches 25kg bags

15 July 2019, Published under Cement News

Asia Cement has started the production of cement in 25kg bags, according to Esmerk Russian News. The smaller pack size is suitable for small construction works and minor repairs. Bags are made from multilayer microcreped paper with a density of 80gm/m 2 .