Cement News tagged under: Japan

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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 ...

Taiheiyo sees 7% drop in 1H net profits

12 November 2019, Published under Cement News

Taiheiyo Cement reported a 1.7 per cent decline in group revenues to JPY431.39bn (US$3.95bn) in the first half of FY19-20 (ended 30 September 2019) from JPY438.7bn in 1HFY18-19. The company’s operating profit decreased 18 per cent to JPY22.46bn YoY while pretax profit fell 17.1 per cent to JPY22.47bn over the period when compared with April-September 2018. Net profits edged down by 6.6 per cent to JPY16.2bn in the 1HFY19-20 from JPY17.34bn in the year-ago period.

South Korean producers to reduce coal ash imports

19 August 2019, Published under Cement News

South Korean cement producers are expected to reduce the usage of imported coal ashes, on the back of concerns about contamination and the ongoing trade dispute with Japan. As a result, the Korean Cement Association has stated that the use of materials from domestic thermal power plants and secure alternative raw materials from clay mines will increase despite an unstable supply. "The cement industry will actively cooperate with the Environment Ministry's plan to strengthen the environmen...

Sumitomo Osaka sees 3% fall in net profit

07 August 2019, Published under Cement News

Japan’s Sumitomo Osaka Cement has announced a 2.5 per cent YoY fall in net profit to JPY2.1bn (US$19.7m) for the quarter ending 30 June. Sales were down by 2.1 per cent to JPY58.9bn while pretax profit decreased 10.6 per cent to JPY3bn. However, operating profit saw a 3.5 per cent increase to JPY2.8bn. The company has forecast a 53.9 per cent rise in net profit to JPY12bn for the full fiscal year ending March 2020. Sales are expected to advance 2.5 per cent to JPY257.4bn and pretax profit ...

Tasman Sea to complete clinker offloading at Suva

06 February 2019, Published under Cement News

Bulk carrier Tasman Sea is expected to complete the offloading of 11,880t of clinker at Suva Port, Fiji, today, according to the Fiji Sun. The clinker has been exported from Japan, which became a clinker importer into Fiji a year ago. The ship finished discharging 15,000t of clinker for the Tengy Cement Factory in Lautoka last week. The plant receives a clinker shipment every quarter.

Fiji receives clinker imports from Japan

23 January 2019, Published under Cement News

The Tasman Sea, a bulk carrier registered under a Hong Kong flag, docked at Lautoka Port to off-load clinker for the Tengy Cement Factory in Naikabula  and is expected to arrive in Suva next week for its factory in Veisari, Lami. Fiji has been experiencing a shortage of cement and the delivery will help increase production. This is the second delivery that the Tasman Sea has made to Fiji. Local shipping agency Transam Fiji Ltd operations manager, Madulesh Lakhan, said that the vess...

Taiheiyo Cement sees 2% advance in net profit for 1HFY18

08 November 2018, Published under Cement News

Taiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn. Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93bn in 1HFY17 to JPY17.34bn in the first half of this financial year. Taiheiyo Cement also released ...