Cement News tagged under: Japan
Mitsubishi Heavy Industries and Osaka Gas sign CCUS value chain feasibility study03 April 2023, Published under Cement NewsMitsubishi Heavy Industries Ltd (MHI) and Osaka Gas Co Ltd have signed an agreement for a feasibility study on a project to develop a CO 2 value chain for carbon capture, utilisation and storage (CCUS), including transporting CO 2 captured in Japan to overseas, utilising it to produce e-methane, a synthetic gas produced through methanation, and storing it underground. The project aims to establish an efficient CO 2 value chain, leveraging Osaka Gas’s know-how on e-metha... |
Taiheiyo Cement secures Japan's first transition-linked loan10 March 2023, Published under Cement NewsTaiheiyo Cement Corp has raised capital from the Development Bank of Japan Inc through a transition-linked loan, marking the first time transition finance has been secured by the cement industry in Japan. According to the company, transition-linked loans are a financing framework designed to support companies working to reduce greenhouse gases in line with strategy, linking the borrower’s performance against predetermined Sustainability Performance Targets (SPTs) with the terms of the loan... |
Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China01 March 2023, Published under Cement NewsTaiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing City, China. The competitive environment in China has become increasingly challenging due to the technical advances in local capital and the expansion of the scale of its production base. Therefore, Taiheiyo Cement has decided to suspend the operations of Jiangnan-Onoda Cement to focus on the policy set out in the group... |
Japan Energy Fund invests in Svante CCUS technology22 December 2022, Published under Cement NewsJapan Energy Fund has invested in Svante through its Decarbonised Tech Fund managed by Japan Energy Capital. Canadian-based Svante was founded with the goal to make carbon capture solutions for hard-to-abate industries. It offers non-intrusive end-of-the-pipe solutions for existing industrial infrastructure to deliver pipeline-ready CO 2 for safe storage at the gigatonne scale. This US$318m Series E funding round is led by Chevron, with participation from existing investors includin... |
Taiheiyo Cement posts 11% rise in sales14 November 2022, Published under Cement NewsJapan’s Taiheiyo Cement Corp has posted consolidated net sales of JPY375,982m (US$2697m) in the six months ended 30 September 2022, marking a 10.6 per cent advance YoY. Operating profit over the same period has fallen from JPY25,812m to a loss of JPY313m, while basic earnings per share have contracted from JPY163.92 in the quarter ended 30 September 2021 to -JPY140.58 in the same period this year. |
Taiheiyo Cement to acquire Denka cement business27 October 2022, Published under Cement NewsTaiheiyo Cement Corp is reportedly acquiring the cement business of Denka Co Ltd in March 2023. Denka has decided to exit the cement sector due to rising production costs. The company operates one integrated cement plant with 2.69Mta of cement capacity in Omi , Niigata, Japan. According to research company Nomura, Denka currently has a thee per cent share of the Japanese cement market, but demand there is falling. The company has already lowered its fiscal-year earnings guidance, for... |
Sumitomo Osaka Cement reports JPY1bn loss12 August 2022, Published under Cement NewsJapan-based Sumitomo Osaka Cement Co Ltd reported a 1QFY22-23 revenue of JPY45.5bn (US$337.4m), up from JPY43.78bn in the 1QFY21-22. The company posted an operating loss of JPY3.15bn in the 1QFY22-23, in contrast to a 1QFY21-22 operating profit of JPY2.92bn. There was a pretax loss of JPY2.8bn, when compared with a pretax profit of JPY3.99bn in the equivalent quarter of the previous financial year. In terms of net profit, Sumitomo Osaka Cement Co Ltd saw a loss of JPY1.11bn when compared ... |
Taiheiyo Cement posts 1Q revenue of JPY177bn09 August 2022, Published under Cement NewsJapanese cement producer Taiheiyo Cement Corp saw a 10.6 per cent increase in group revenue to JPY176.52bn (US$1308.5m) in the 1QFY22-23 when compared with JPY159.61bn in the equivalent period of the previous financial year. Operating profit was down 87.8 per cent from JPY9.92bn in the 1QFY21-22 to JPY1.21bn in the 1QFY22-23 while pretax profit contracted by 79.1 per cent to JPY2.19bn from JPY10.48bn during the same period. The company reported a JPY220m net loss in the 1QFY22-23, comp... |
Mitsubishi Heavy Industries Engineering and Tokuyama Corp to start carbon capture project30 March 2022, Published under Cement NewsMitsubishi Heavy Industries Engineering Ltd (MHIE), a group company of Mitsubishi Heavy Industries, Ltd (MHI), has signed a memorandum of understanding (MoU) with Tokuyama Corp for the implementation of a CO 2 capture demonstration testing programme at its cement plant. This project will take place for a period of nine months commencing in June 2022, and will be the first time MHIE performs a demonstration test at an operating cement plant. A mobile CO 2 capture test unit manufactured... |
Japan: securing sustainability22 March 2022, Published under Cement NewsJapan’s cement industry is expected to have advanced modestly in FY21, and while significant declines are unlikely going forward, growth potential is lacking. Therefore, the sector is looking to secure sustainability through price increases, enhancing businesses outside core cement segments and accelerating its move towards decarbonisation. By Hajime Inoue, Japan Credit Rating Agency, Japan Large-scale construction projects, such as the Osako Expo, are expected to keep cement deman... |