Cement News tagged under: Asia Cement

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Asia Cement sees slower 2014 revenue growth

27 September 2013, Published under Cement News

Asia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is estimated to rise 17.6 per cent to THB10bn, next year revenue growth is expected to slow to four per cent, according to Asia Cement's co-managing director Nopadol Ramyarupa. "The economic slowdown and revised GDP figure have affected our projection," said Mr Nopadol told the Bangkok Post. Thailand's economy fell into r...

Asia Cement first-half profit surges, China

15 August 2013, Published under Cement News

Asia Cement reported a surge in profit attributable to shareholders for the six months ended 30 June 2012 thanks to an increase in the sale cementitious products and declining coal prices. Profit rose by 110 per cent YoY to CNY256m (US$41.9m). Revenue rose 3.4 per cent to CNY3.18bn and gross profit was CNY584m, representing a gross profit margin of 18 per cent.

Asia Cement forecasts higher 1H net profit

12 July 2013, Published under Cement News

Asia Cement (China) expects its unaudited net profit to more than double for the six months to the end of June 2013 compared to the same period of last year. The 100 per cent forecasted increase in first half net profit was primarily attributable to the increase in sales  and a decrease in coal costs compared to 1H12, the company said. Asia Cement's interim results are expected to be published at the end of August.

Asia Cement raises US$220m from sale of five-year bond

10 May 2013, Published under Cement News

Asia Cement has raised US$220m from the sale of a five-year, zero-coupon convertible bond which it plans to use to repay maturing bonds. Due to strong demand, the deal was upsized in full, or by 10 per cent. The transaction came after the Taiwanese company’s share price on Monday hit its highest close since December. It is the second US dollar CB out of Taiwan this year after Far Eastern International Bank raised US$150m from a zero-coupon deal in late January. The company plans...

Asia Cement Corp plans US$200m convertible bond issue – report

08 May 2013, Published under Cement News

Taiwan-based Asia Cement Corp is planning a US$200m convertible bond issue to repay debts, according to Dow Jones Newswires Tuesday. The Taiwanese company is selling the five-year zero-coupon bond convertible into its Taipei-listed ordinary shares at an indicative price range of TWD46.13 and NT$48.00, representing a premium of 23-28 per cent above the stock's Tuesday closing price of NT$37.50, two term sheets seen by Dow Jones shows. There is an option to raise an additional US$2...

Improved outlook for Asia Cement Corp in 2013

12 April 2013, Published under Cement News

Taiwanese producer Asia Cement Corp is expected to return to a path of growth this year driven in part by earnings growth from its operations on mainland China, a recent report by HSBC has said. Last year, Asia Cement’s net profit plunged 38 per cent to TWD6.24bn (US$208.3m), which was 16 per cent lower than HSBC’s forecast. However, the Taipei Times reports that HSBC analyst Elaine Lam retained her “neutral” rating on Asia Cement, with an unchanged 12-month target price of NT$36.45, repr...

Asia Cement profit falls, China

29 October 2012, Published under Cement News

Asia Cement (China) said that revenue for the first nine months of 2012 was CNY4.73bn (US$757m), a decline of 19.83 per cent from a year earlier. Gross profit declined 58.5 per cent to CNY696m and gross profit margins fell 15 per cent, down by 13 percentage points compared to the same period of last year. Net profit attributable to shareholders fell 84.8 per cent YoY to CNY147m for the first nine months of the year. Its basic and diluted earnings per share were CNY9.4 cents.

Taiwan Cement and Asia Cement to upgrade environmental equipment in China

26 September 2012, Published under Cement News

Anticipating stricter environmental regulations for cement producers in China, Taiwan Cement Co plans to invest TWD700m (US$23.8m) to upgrade its NOx and SOx abatement equipment, while Asia Cement is considering the same step.  Taiwan Cement International Holdings Ltd. has started installing new equipment in its Chongqing plant, aiming to decrease NOx emissions by 60 per cent, with the same works ongoing at the plants in Guizhou and other areas. According to an industry insider says th...

Taiwan producers invest further in China

04 September 2012, Published under Cement News

Despite recording a decline in first-half net profits Taiwain-based cement producers Taiwan Cement and Asia Cement, have underlined their confidence in the Chinese market by planning to invest over TWD1.8bn (US$60m) in their respective operations. Asia Cement reported 1H net profit of TWD4.088bn (US$136.27m) in net profits in the first half, with earning per share falling 30 per cent YoY to TWD1.27 (US$0.042). Meanwhile, TCC’s net profits decreased 2.5 per cent YoY to TWD$3.95bn (US$131.67...

Taiwan Cement and Asia Cement’s Chinese profits fall

22 August 2012, Published under Cement News

Decreasing cement prices and shrinking infrastructural work in China has impacted the profits of Taiwan Cement Co (TCC) and Asia Cement, two Taiwan-based cement makers operating in China. Taiwan Cement International Holdings Ltd, a subsidiary of TCC, posted 70.4 per cent YoY net profit decline to HKD269m (US$8.97m) in the first half, while Asia Cement (China) Holdings Co, an affiliate of Asia Cement, saw profits drop 81 per cent to CNY122m (US$19.154m). A representative of TCC pointed ...