Cement News tagged under: Japan

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Sumitomo Osaka Cement reports 4.4% rise in 1H net profit

08 November 2016, Published under Cement News

Sumitomo Osaka Cement Co saw a 4.5 per cent YoY fall in revenues from JPY115.65bn (US$1.11bn) to JPY110.44bn in the first half ended 30 September 2016. While its pretax profit also decreased over the one-year period, from JPY11.25bn to JPY10.43bn, the company was able to report a 4.4 per cent YoY rise in net profit from JPY7.67bn  to JPY8.01bn in April-September 2016. For the full-year 2016, Sumitomo expects to achieve revenues of JPY230bn while pretax profit is forecast at JPY22.5bn ...

Sumitomo Osaka 1.4Mt coal consumption in 2015

02 September 2016, Published under Cement News

Japanese cement manufacturer Sumitomo Osaka Cement reported that it had consumed 1.41Mt of coal for the fiscal year 2015 (year end 31 March 2016). This figure is a 2.7 per cent YoY decrease from the fiscal year 2014, when consumption reached 1.44Mt. Petcoke consumption for the same period was 0.1Mt, up 19 per cent from 0.08Mt from fiscal year 2014.

Tokyo Cement Ube Industries deal

10 August 2016, Published under Cement News

Tokyo Cement Group (Lanka) Plc has signed a deal on 1 August with Japanese company Ube Industries Ltd, for the import of raw materials and technical support to produce cement. In a statement Tokyo Cement said: “Tokyo Cement Group has entered into a collaborative agreement with Ube Industries Ltd of Japan for technical support services and import part of their raw materials requirement from Japan to manufacture high-quality cement.” Ube Industries operates in five business segments - ce...

Japan: Taiheiyo Cement to set up subsidiary for biomass plant

01 August 2016, Published under Cement News

Taiheiyo Cement will spend JPY23.5bn (US$224m) to set up a biomass power plant at a cement production site in Ofunato, Iwate prefecture, Japan. An electricity-wholesaling subsidiary with a capitalisation of JPY4bn will be created this August to undertake the project, reports Nikkei Asian review. The 75,000kW facility will be fed with palm kernel shells and empty fruit bunches left over from palm oil production and will begin operation in the autumn of 2019. All output will be sold to eRex,...

Japan: Taiheiyo Cement plans 75MW biomass power plant

24 June 2016, Published under Cement News

Japan's Taiheiyo Cement will construct a biomass-fired unit with 75MW in Ofuna Factory, Iwate prefecture. The new unit is understood to burn domestic and imported biomass fuel. At the site, a several power units had been operational, but some of them were damaged when the Great East Japan Earthquake hit the country in 2011. Thus, the new unit is considered as a replacement of the old power unit. Plus, since it will be built on the premises of the factory, Iwate prefecture decided there wou...

Japan: companies turn to recycling

12 May 2016, Published under Cement News

Japan’s cement makers are turning to resource recycling as alternative revenue sources as demand for cement is seen shrinking over the mid- to long term. Japanese demand for cement declined for a second straight year in FY15, dropping 6.3 per cent to 42.66Mt. The upcoming 2020 Tokyo Olympics will be the only anomaly in this otherwise waning market. Taiheiyo Cement is focussing on recovering precious metals and substitute fuels from scrapped automobiles. Taiheiyo Cement is developing a new...

Tokyo Cement recommences clinker imports from Japan

18 March 2016, Published under Cement News

Sri-Lanka based Tokyo Cement Group has recommenced clinker imports from Japan for the exclusive use in its ‘NIPPON-PRO’ cement. Dashantha Udawatte, Group Marketing Manager at Tokyo Cement told Lanka Business Online: “We at Tokyo Cement having identified the demand for a high performance cement tied up with a leading Japanese manufacturer to import clinker with high specifications. Tokyo Cement recently launched the NIPPON-PRO brand to meet the demand of Class 1 contractors who have undertak...

Recognition for Taiheiyo Cement Corp's CSR Report 2015

25 February 2016, Published under Cement News

Taiheiyo Cement Corporation’s CSR Report 2015, published last September, has been awarded the “Excellence prize for special recognition” in the environmental reparation section of the 19th Environmental Communication Awards, sponsored by Japan’s Ministry of the Environment and the Global Environmental Forum. Established in 1997, the Environmental Communication Awards promote efforts in corporate environmental management and environmental communication, and aim to raise the quality of inform...

Sumitomo Osaka 9M operating profit seen rising 11%

26 January 2016, Published under Cement News

Japanese cement producer Sumitomo Osaka Cement likely will report an 11 per cent rise in operating profit of around JPY17bn (US$142m) for the nine months ended in December, as lower coal prices lift profitability. The Nikkei reported that sales are expected to have increased by about two per cent to around JPY176bn as weaker demand in Japan amid a construction shortage was offset by exports to elsewhere in Asia. The company's high shipping costs in the year-earlier period due to probl...

Ssangyong Cement creditors reject Taiheiyo offer

18 December 2015, Published under Cement News

The administration responsible for selling South Korea's Ssangyong Cement is likely to reject an offer made by Japan’s Taiheiyo Cement Corp, Ssangyong’s second-largest shareholder, to acquire all its shares. It was based on the judgment that the Japanese cement maker's offer was intended to obstruct the sale.  "The offer by Taiheiyo to take over all the Ssangyong Cement stake is equivalent to saying Ssangyong must accept its claims of preemption right currently in dispute in the court," c...