Cement News tagged under: Japan

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Sumitomo Osaka eyes 20% rise in operating profit on Olympic boost

26 February 2014, Published under Cement News

Sumitomo Osaka Cement expects to generate consolidated operating profit of JPY25bn (US$241.57m) by fiscal 2016 by benefitting from increased construction demand for projects related to the 2020 Olympics, a Nikkei Report stated quoting company President Fukuichi Sekine. This would mark a 20 per cent jump from the current fiscal year's expected profit of JPY21bn. Tokyo’s success in being awarded for the 2020 Olympics is expected to become a positive catalyst for cement demand. The government...

Japanese producers to increase shipping capabilities

30 December 2013, Published under Cement News

Three major Japanese cement producers plan to increase their shipping capacity for the distribution of cement throughout the country to meet current and expected increases in demand. According to a recent Nikkei report, Sumitomo Oskaka Cement will spend JPY6.8bn on a new 8000t ship in February, followed by two 2000t ships and a 5500t ship after April 2015. Despite decommissioning three older vessels, its total fleet will expand to 20 ships with a combined capacity of 93,000t compared to t...

Japanese cement producers hike prices

18 September 2013, Published under Cement News

Prices for building materials in Japan, including cement, are being hiked on the back of post-earthquake reconstruction projects, and robust demand for condominiums and other buildings. According to reports by the Nikkei, some of Japan’s leading cement producers Taiheiyo Cement Corp, Ube Mistubishi Cement Corp and Sumitomo Osaka Cement Co, have announced price hikes of about nine per cent next months. Building materials manufacturers are also confident on the demand outlook following Tokyo...

Japanese producers see strong first quarter

06 August 2013, Published under Cement News

Two of Japan’s leading cement producers are expected to post higher first-quarter profit supported by cement demand for earthquake rebuilding efforts. The country’s largest cement producer, Taiheiyo Cement, is seen posting roughly JPY5bn (US$50.8m) in pretax profit for the April-June quarter, compared with a year-earlier loss of JPY4.2bn, marking the company’s first pretax rise in six years. The Nikkei reports that sales likely increased by 10 per cent YoY to about JPY190bn as shipments to...

Japan: imperial couple tour disaster-stricken cement plant

05 July 2013, Published under Cement News

Emperor Akihito and Empress Michiko inspected equipment to desalinate rubble and a rotary kiln which heats raw materials to make cement at the plant in Ofunato , Iwate Prefecture, one of three prefectures in northeastern Japan devastated by the 2011 Tohoku earthquake and subsequent tsunami that struck the area. The plant, operated by Taiheiyo cement, is close to the sea and was heavily damaged by the tsunami. But it was back online about eight months later and is now producing cement used...

Sumitomo Osaka to increase capacity in China

20 June 2013, Published under Cement News

Japanese cement producer Sumitomo Osaka Cement Co will increase cement capacity in China's Yunnan Province by 2016 through the construction of new facilities. According to reports by the Nikkei the plan is to build two plants with a combined capacity of 6.4Mta. This will make the operation the province's largest, with a capacity of 14.6Mta, the report states. The first new plant will be built in December 2014, and the second in 2016. Sumitomo Osaka Cement will invest around JPY4bn for i...

Taiheiyo Cement full-year pretax profit seen beating estimates

09 May 2013, Published under Cement News

Japan’s leading cement producer, Taiheiyo Cement Corp, is expected to have posted a 70 per cent YoY rise in pretax profit for the fiscal year to the end of March 2013. Net profit is expected to have beat forecasts of JPY30.5bn to reach around JPY32bn, according to a Nikkei Report. Sales are believed to have increased by three per cent to approximately JPY750bn while volume grew at least five per cent with shipments to the Tohoku region for earthquake rebuilding topping estimates. Operat...

Ube Industries prepares for further growth in domestic demand, Japan

04 April 2013, Published under Cement News

Japanese cement producer Ube Industries is to develop a limestone mine in Yamaguchi Prefecture to prepare for further expected increases in cement demand. This will be the company’s first mine development in 35 years and production is expected to start in 2017, according to a Nikkei Report. The mine has estimated reserves of some 300Mt and Ube Industries plans to operate the mine for about 40 years. Ube Industries operates three plants with a combined clinker capacity of 7Mt and in FY1...

Taiheiyo wins Bangladesh logo case

15 February 2013, Published under Cement News

Japanese cement producer Taiheiyo Cement Corp has won a court case in Bangladesh for the use of its logo by local cement manufacturers. The Bangladesh District Judge, Dhaka, issued an order on 29 January 2013 stating that the "Defendants Nos 1-4 (Bengal Tiger Cement Industries Ltd and Others) be restrained from using the Trademark and Trade Name of the Plaintiff-petitioner (Taiheiyo Cement Corporation, Japan)." Bengal Tiger Cement Industries Ltd of Bangladesh was alleged producing, mar...

Earthquake reconstruction efforts boost Sumitomo Osaka’s nine month operating profit

08 February 2013, Published under Cement News

Sumitomo Osaka Cement is expected to report a strong gain in operating profit for the first nine months of the fiscal year on the back of earthquake reconstruction efforts. The company is expecting a 90 per cent YoY increase in consolidated operating profit to about JPY9bn for the nine months ended 31 December 2012. This would represent the highest figure for the April-December period in five years. Sales were up by approximately four per cent with consumption for ports and roads in the di...