Cement News tagged under: Japan

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Disappointing trend continues in Japan

08 March 2024, Published under Cement News

Japan cement sales shrank 5.5 per cent YoY in the first month of 2024, marking a continuing trend. Sales were 2.389Mt in January, down from 2.527Mt a year earlier, according to the Japan Cement Association (JCA). Since the mid-2010s sales have been in steady decline and contracted a further 5.6 per cent in 2023 to 35.377Mt from 37.488 in 2022. Lacklustre public sector and civil engineering works, which account for 47 per cent of construction activity, are dragging on demand. The resumption o...

Tokuyama cement selects ABB Ability™ Expert optimizer

25 August 2023, Published under Cement News

ABB has delivered the advanced process control solution ABB Ability™ Expert Optimizer system to control, stabilise and optimise industrial processes at the Tokuyama Nanyo cement plant in Japan.   The commissioning of ABB Ability™ Expert Optimizer enables Tokuyama to reduce about three per cent of thermal energy consumption in the kiln as well as maintain operational quality at the Nanyo plant, one of the largest single factories in Japan, says ABB.   Tokuyama Cement manufacture...

Taiheiyo to build new terminal in Philippines

22 August 2023, Published under Cement News

Japan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fernando, Cebu. Taiheiyo Cement Philippines Inc (TCPI) will build and operate the planned hub to distribute its Grand-branded cement products, according to TCC President and Representative Director, Masafumi Fushihara. The 0.7Mta project is the next step in serving a market that TCPI has estimated to have increase...

Taiheiyo Cement joins Japanese CCS value chain study

03 August 2023, Published under Cement News

Taiheiyo Cement Corp has joined six other companies in a feasibility study into the use of advanced carbon capture and storage (CCS) in Japan. The study forms part of Japan’s Ministry of Economy, Trade and Industry’s goal to harness CCS, particularly in hard-to-abate industries, to help reach the government’s targets of a 46 per cent reduction in greenhouse gas emissions (compared to FY13) by FY30, and carbon neutrality by 2050.  The study was initially launched in January this year wit...

Mitsubishi Heavy Industries and Osaka Gas sign CCUS value chain feasibility study

03 April 2023, Published under Cement News

Mitsubishi 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 loan

10 March 2023, Published under Cement News

Taiheiyo 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, China

01 March 2023, Published under Cement News

Taiheiyo 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 technology

22 December 2022, Published under Cement News

Japan 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 sales

14 November 2022, Published under Cement News

Japan’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 business

27 October 2022, Published under Cement News

Taiheiyo 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...