Cement News tagged under: Japan

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Japan: Sumitomo Osaka Cement operating profit seen rising

28 October 2015, Published under Cement News

Japan-based Sumitomo Osaka Cement's group operating profit is expected to jump 13 per cent for the April-September half on rising sales and declining coal prices, according to a Nikkei earnings preview report. The profit of around JPY10bn (US$82.1m) would be a record for the half, surpassing guidance of JPY9.1bn. Sales likely grew three per cent to around JPY115bn, edging above guidance of JPY113bn, according to the newspaper. The report said domestic demand for cement used in public works...

Taiheiyo Cement concludes contract for research into Fukushima agricultural land reclamation

20 October 2015, Published under Cement News

Taiheiyo Cement Corp of Japan has concluded a contract for collaborative research with the Fukushima Future Center for Regional Revitalisation of Fukushima University and commenced research using Minamisoma City as a case study. The goal is to promote research into preserving and utilising agricultural land damaged by the 2011 Earthquake and to respond to the need for regional revitalisation and agricultural recovery through recovering agricultural land by cultivating 'energy crops'...

Taiheiyo Cement selected for second consecutive year for DJSI Asia Pacific

09 October 2015, Published under Cement News

Taiheiyo Cement was selected for the second consecutive year as a component of the Dow Jones Sustainability Asia/Pacific Index (DJSI Asia Pacific) in 2015. This index is the Asia Pacific version of the Dow Jones Sustainability Indices (DJSI) and serves as one of the key benchmarks for socially responsible investment. The DJSI are the investment indices developed and offered cooperatively by the US-based S&PDow Jones Indices and Switzerland-based RobecoSAM, which evaluate the sustainability ...

Sumitomo Osaka Cement reports strong quarterly rise

19 August 2015, Published under Cement News

Japan's Sumitomo Osaka Cement Co Ltd reported a 26.8 per cent YoY rise in operating profit to JPY4.43bn (US$35.7m) over the April-June quarter. Sales during the period climbed to JPY56.78bn, up six per cent over the same quarter of last year. Earnings per share rose to JPY7.68, up from last year's JPY5.69 for the same quarter. The cement producer has announced it is to raise capacity at its Kochi plant in western Japan by some 0.2Mta, with completion scheduled for 2017.

Sumitomo Osaka to expand Kochi plant, Japan

18 August 2015, Published under Cement News

Sumitomo Osaka Cement Co said Monday it will spend JPY2.6bn (US$21m) to expand facilities at its plant in the city of Susaki, Kochi Prefecture, western Japan, according to local press reports. Upon completion of the project in January 2017, capacity at the plant will be boosted by 0.2Mta to 0.5Mta, the company said. Sumitomo Osaka Cement is seeking to ensure stable supplies of the materials as demand is seen increasing in the Kanto eastern region on the back of construction projects relate...

Taiheiyo Cement's Singapore additions

10 June 2015, Published under Cement News

Taiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect...

Japan: positive export pricing & volume trends continue

20 April 2015, Published under Cement News

Fiscal 2015 export price negotiations between major Japanese cement producers and customers in Asia have concluded with prices remaining virtually unchanged from the high level of fiscal 2014 on the back of robust demand, according to a Nikkei report. Annual contract prices are negotiated each spring by cement producers led by Ube-Mitsubishi Cement, Taiheiyo Cement and SumitomoOsaka Cement. This year's round of negotiations has resulted in a contract price of US$40-45/t, an increase of US$1...

Japanese producers increase exports

13 February 2015, Published under Cement News

Japanese cement producers have increased export levels in a bid to help offset a slowdown in domestic consumption due to a slump in housing investment. According to the Japanese Cement Association, the country’s exports rose by four per cent to 9.11Mt in 2014, marking the first increase in six years. A Nikkei Report stated that Japanese cement makers are heightening exports to tighten the supply-demand balance. Local producers had initially expected domestic demand would increase due to ...

Concerns raised by South Korean imports of Japanese coal

23 October 2014, Published under Cement News

Lee In-young, an opposition spokesman for the New Politics Alliance for Democracy party and member of the National Assembly's Environment Labour Committee, has raised concerns over radioactive-contaminated coal bought by South Korean cement firms.   The  Environment Ministry received data that between 2011 to 2013 Sangyong Cement Industrial, Tongyang Cement and Energy, Lafarge Halla Cement and Hanil Cement received waste coal from the Japanese government, which was used in the production ...

R&I upgrades Taiheiyo to BBB+

28 August 2014, Published under Cement News

Rating and Investment Information Inc (R&I) has upgraded Taiheiyo Cement to to BBB+ from BBB. The outlook is ‘Stable’. The ratings agency notes that after seeing demand plummet in key markets of Japan and the US in FY09 (ended March 2010), Taiheiyo Cement has since improved its cost structure by slashing fixed expenses through the streamlining of its production and supply structure and reducing variable expenses through the use of recycled raw and fuel materials. “This, coupled with an...