Cement News tagged under: Japan

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Mitsubishi Heavy Industries Engineering and Tokuyama Corp to start carbon capture project

30 March 2022, Published under Cement News

Mitsubishi 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 sustainability

22 March 2022, Published under Cement News

Japan’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...

Taiheiyo Cement posts 6% net profit rise

12 November 2021, Published under Cement News

Japan’s Taiheiyo Cement has seen a 19.2 per cent YoY decline in revenue to JPY339.8bn (US$2.98bn) in the first half of the FY21-22 ended 30 September, compared to JPY420.63bn in the year-ago period. However, net profit rose 5.6 per cent to JPY19.49bn from JPY18.46bn in the 1HFY20-21.

Taiheiyo Cement announces 101% rise in net profit

10 August 2021, Published under Cement News

Japan’s Taiheiyo Cement has posted a revenue of JPY159.6bn (US$1.44bn) in the quarter ending 30 June 2021, down 20.4 per cent on JPY200.56bn in the same period of the previous fiscal. However, net profit surged 101 per cent YoY to JPY6.58bn from JPY3.27bn in the 1QFY21-22.

Sumitomo Osaka Cement posts 14% rise in profit

05 August 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has posted a 16.4 per cent YoY decline in profit to JPY43.78bn (US$399.57m) for the quarter ending 30 June 2021, compared to JPY52.35bn in the year-ago period. However, operating profit climbed 13.6 per cent YoY to JPY2.92bn from JPY2.57bn.

Sumitomo Osaka sees 7% climb in net profit

14 May 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has recorded a 7.3 per cent YoY rise in net profit to JPY11.72bn (US$106.97m) for the year ended March 2021. Sales were down 2.4 per cent YoY to JPY239.27bn while operating profit climbed 3.1 per cent to JPY16.63bn. The company has forecast sales of JPY185.5bn and a net profit of JPY9bn for the year ending March 2022.

Taiheiyo Cement sees 20% net profit increase

13 May 2021, Published under Cement News

Japan’s Taiheiyo Cement has recorded a 2.3 per cent decline in revenue to JPY863.9bn (US$7.88bn) in the year ending 31 March 2021, compared with JPY884.35bn in the previous year. However, net profit advanced 19.6 per cent YoY to JPY46.8bn from JPY39.15bn. Operating profit reached JPY63.61bn, up 4.3 per cent YoY, while pretax profit also increased 8.6 per cent to JPY65.74bn from JPY60.54bn in the FY19-20. The company also released a series of forecasts for the year ending March 2022. Its r...

Taiheiyo Cement Corp to work with Carbon Clean on carbon capture plant

21 April 2021, Published under Cement News

Japanese cement producer Taiheiyo Cement Corp will implement technology for CO 2  capture from the flue gas of rotary cement kilns in the first, 10tpd demonstration plant in Japan. For this purpose, Taiheiyo Cement has selected the technology for CO 2 chemical absorption supplied by UK-based Carbon Clean, which has been awarded by Marubeni Protechs Corp (Marubeni Protechs) in Japan. This technology will be installed at Taiheiyo Cement's plant in Kumagaya City, Saitama, and demonstr...

Taiheiyo Cement 9M net profit advances 22% YoY

09 February 2021, Published under Cement News

Japan-based Taiheiyo Cement Corp saw its 9MFY20-21 revenues ended 31 December 2020 slip by 1.6 per cent to JPY652.71bn (US$6.23bn) from JPY662.99 in the year-ago period. However, operating profit advanced by 14.3 per cent from JPY42.16bn in 9MFY19-20 to JPY48.2bn in the 9MFY20-21.Pretax profits rose 16.4 per cent from JPY42.41bn to JPY49.35bn in the April-December 2020 period while net profits were up 21.6 per cent to JPY37.15bn from JPY30.54bn over the period. The company expects revenu...

Taiheiyo signs capital investment agreement in Solusi Bangun Indonesia

27 January 2021, Published under Cement News

PT Solusi Bangun Indonesia Tbk (SMCB), PT Semen Indonesia Industri Bangunan and Japan-based Taiheiyo Cement Corp signed a capital transfer and inclusion agreement and cement sale and purchase master agreement (offtake agreement) on 26 January. The transfer and capital participation agreement reflects the planned capital investment by Taiheiyo in the former Holcim subsidiary through the issuance of new shares with the right to pre-order securities (HMETD) or rights issue. "The implementatio...