Cement News tagged under: Japan

RSS feed

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...

Sumitomo Osaka sees 6% fall in 1H revenue

11 November 2020, Published under Cement News

Japanese cement producer Sumitomo Osaka Cement Co posted a 6.4 per cent fall in its 1H revenue ended 30 September 2020 to JPY112.12bn from JPY119.84m in the 1HFY20-21. Operation profit slipped 5.3 per cent to JPY6.02bn in the first six months of FY20-21 from JPY6.3bn in the year-ago period. Pretax profit edged down 3.9 per cent YoY to JPY6.59bn from JPY6.96bn while net profit slipped 1.3 per cent to JPY4.5bn from JPY4.56bn over the same period. Sumitomo Osaka Cement Co forecasts a revenue ...

Taiheiyo reports 14% rise in 1H net profit

10 November 2020, Published under Cement News

Japan-based Taiheiyo Cement Corp saw a 3.2 per cent drop in its revenues to JPY420.63bn (US$4bn) in the first half of the FY20-21 from JPY431.39bn in the 1HFY19-20. However, operating profit increased by 16.3 per cent to JPY26.13bn in the 1HFY20-12 from JPY22.46bn in the year-ago period while pretax profit increased 18.6 per cent to JPY26.64bn from JPY22.47bn over the same period. The company’s net profit advanced 14 per cent YoY to JPY18.46bn from JPY16.20bn. The group expects to achiev...

From WHRPG to EfW

09 November 2020, Published under Cement News

As cement plants search for ways to reduce their carbon footprint, waste heat recovery power generation (WHRPG) systems are becoming more popular. The use of biomass also provides potential as an energy-from-waste (EfW) solution to produce electrical power. Developments in WHRPG and biomass/EfW power generation systems are discussed below, including new technologies for energy saving and environmental load reduction. By Kawasaki Heavy Industries Ltd, Japan. Figure 1: flow of a waste h...

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

18 September 2020, Published under Cement News

Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete. A transfer price has not been disclosed, but the transfer is scheduled for the middle of September. After the equity transfer, Qinhuangdao Asano will no longer be a consolidated subsidiary of Taiheiyo Cement. Established in 1995 in Hebei province, Qinhuangdao Asano Cement has been producing cem...

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...