Cement News tagged under: Japan

RSS feed

Sumitomo Osaka Cement posts 11% revenue fall

06 August 2020, Published under Cement News

Japan’s Sumitomo Osaka Cement has reported a 11.2 per cent YoY fall in revenue to JPY52.35bn (US$495.7m) in the quarter ending 30 June, against JPY58.92bn in the corresponding period of last year. Net profit also declined nine per cent YoY to JPY1.92bn from JPY2.11bn. Sumitomo Osaka Cement is Japan's third-largest cement producer. The company operates around 10.5Mta of cement capacity and 8.4Mta of clinker capacity at four integrated plants.

Taiheiyo Cement Corp orders Aumund equipment for new power plant

31 July 2020, Published under Cement News

Taiheiyo Cement Corp, Japan’s largest cement producer, has started its new biomass and coal power plant in Ofunato. Until now conveying of biomass in Japan has been dominated by domestic manufacturers, but the Aumund Hong Kong team successfully convinced its customer of the merits of the conveying technology solutions offered by Aumund for both of these types of fuel. Taiheiyo Engineering Corp ordered three Aumund bucket elevators and an Aumund drag chain conveyor. The customer chose two i...

Japanese cement producers help reduce plastic waste

27 July 2020, Published under Cement News

Japan's cement companies are investing to use more plastic waste as fuel to produce cement. Taiheiyo Cement plans to employ new technology for efficiently making coal from plastic and deploy dedicated equipment at nine works in Japan. Meanwhile, Sumitomo Osaka Cement is pouring CNY10bn (US$93.6m) into environmental efforts, including handling plastic waste, by FY22. Japan shipped 1.5Mta of plastic waste abroad until 2017, according to Ministry of Finance data. This fell to 1.01Mt i...

Japan: towards higher profits

07 July 2020, Published under Cement News

With an ageing population and requirement for more construction investment, the Japanese cement industry faces many challenges. There is a need for the sector to return to profitable pricing levels and modernise its production facilities, particularly as energy conservation and emissions reduction requirements shift from a domestic to a global focus. By Hajime Inoue, Japan Credit Rating Agency Ltd, Japan. While medium-term cement demand is robust, Japan’s ageing population and lagging...

Sumitomo Osaka Cement reports 40% increase in profit

22 May 2020, Published under Cement News

Japan’s Sumitomo Osaka Cement has reported a 40 per cent YoY rise in net profit to JPY10.92bn (US$101.63m) for the fiscal year ending 31 March 2020, compared with JPY7.8bn in the FY18-19. Sales were down 2.4 per cent to JPY245.1bn from JPY251.06bn, but operating profit advanced 13.8 per cent YoY to JPY16.1bn in the FY19-20. The company’s profit was reportedly supported by its cement and building materials segments.

Taiheiyo Cement reports 4% fall in net sales for FY19-20

20 May 2020, Published under Cement News

Japan’s Taiheiyo Cement has seen a 3.5 per cent YoY fall in net sales to JPY884.35bn (US$8.21bn) in the FY19-20 ending 31 March 2020, compared to JPY916.07bn in the previous year. Operating income was also down 7.6 per cent YoY to JPY61bn in the FY19-20, while net income declined 9.9 per cent to JPY39.15bn from JPY43.45bn.

Mitsubishi Materials and Ube Industries Ltd consider cement merger

14 February 2020, Published under Cement News

Japan’s Mitsubishi Materials Corp has signed letter of intent regarding the merger of its cement business with Ube Industries Ltd. The company’s will now begin discussions regarding the integration and plan to sign a definitive agreement around September 2020. The two companies already have a joint venture, Ube-Mitsubishi Cement Corp, established in 1998. "While the business situations surrounding the cement business in Japan are currently undergoing significant changes, including slowing ...

Taiheiyo Cement Corp orders WHR unit from Kawasaki

10 February 2020, Published under Cement News

Japan’s Taiheiyo Cement Corp has ordered a waste heat recovery (WHR) plant from Kawasaki Heavy Industries. The 8MW unit will be delivered to the company’s Saitama facility and is expected to begin operations in September 2022. Kawasaki will handle overall plant design, equipment supply, installation and commissioning advisory services, according to a press release. Its VEGA boiler will also be used for the first time in Japan as the unit’s heat recovery steam generator. Upon completion of ...

Sumitomo Osaka Cement sees 55% increase in net profit

07 February 2020, Published under Cement News

Japan’s Sumitomo Osaka Cement has seen a 54.5 per cent YoY increase in net profit to JPY7.7bn (US$70.05m) for the nine-month period ended December 2019. Total sales saw a 3.3 per cent decline to JPY181.9bn, while operating profit rose 6.6 per cent to JPY10.7bn. For the full year ending March 2020, net profit is expected to advance 37.2 per cent YoY to JPY10.7bn and sales to decrease 2.4 per cent to JPY245bn.

Taiheiyo Cement records 10.4% decline in net profit

07 February 2020, Published under Cement News

Japan’s Taiheiyo Cement has seen a 10.4 per cent YoY decline in net profit to JPY30.5bn (US$277.5m) for the nine-month period ending 31 December 2019. Sales were also down 4.3 per cent YoY to JPY662.9bn in the 9MFY19-20, while its operating profit decreased 15.2 per cent to JPY42.1bn. Demand relating to the Tokyo Olympics and Paralympics and the reconstruction demand of the Great East Japan earthquake has peaked, therefore the company’s aggregate business saw sales volume decrease in the ...