Cement News tagged under: Japan

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Taiheiyo Cement lowers gearing, Japan

25 January 2013, Published under Cement News

Taiheiyo Cement’s net debt-to-equity ratio is likely to drop to 2.4 by the end of the current fiscal, an improvement on the 2.6 from a year earlier and under 2.5 for the first time in five years. According to a Nikkei Report, in the financial year ending 31 March, Japan's leading cement producer's cash flow has improved thanks to growth in cement sales which have been bolstered by earthquake reconstruction efforts. The company has also scaled back investments and sold assets. The balan...

Adelaide Brighton signs agreements with Japanese suppliers

04 December 2012, Published under Cement News

Adelaide Brighton has entered into two clinker import supply agreements with Japanese suppliers. These agreements secure a significant part of this requirement from the Japanese suppliers, with terms of seven and 10 years. The contracts represent the continuation of existing strong relationships and a diversified supply base, while at the same time reducing exposure to fluctuations in the exchange rate. Adelaide Brighton's imports of cementitious products, including grey and white clinker...

Sumitomo Osaka Cement to increase use of biomass, Japan

08 November 2012, Published under Cement News

Japan’s third largest cement producer by volume Sumitomo Osaka Cement Co plans to reduce its reliance on coal by using increased amounts of biomass, Senior Corporate Executive Officer Masafumi Nakao has said.  “As an industry that consumes a lot of power, we need to take measures to promote energy conservation,” Mr Masafumi Nakao told Bloomberg. “Wood chips are now in the spotlight as a fuel source.” Using more biomass is one way Japanese companies are seeking to reduce GHG emissions afte...

Taiheiyo Cement sales exceed expectations, Japan

06 November 2012, Published under Cement News

Japan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ...

R&I Affirms BBB/a-2, Stable: Taiheiyo Cement Corp

23 October 2012, Published under Cement News

Rating and Investment Information, Inc (R&I) has announced the following: Taiheiyo Cement Corp. Issuer Rating: BBB, Affirmed Rating Outlook: Stable Commercial Paper: a-2, Affirmed. Rationale Taiheiyo Cement Corp. is the largest cement manufacturer in Japan. The company has a foothold in overseas markets as well, including North America, China, Vietnam, the Philippines and South Korea. The earnings structure of the domestic cement business has improved as a result of a review of the ...

Indonesia/Japan agree on infrastructure plan

11 October 2012, Published under Cement News

Indonesia and Japan have reach an agreement that could see up to US$43bn invested in 45 infrastructure projects in the Indonesian capital, Jakarta, by 2020. The deal was reached during the 4th Indonesia-Japan Joint Economic Forum was held on October 8 in Tokyo, Japan. It was co-chaired by Hatta Rajasa, Indonesia’s co-ordinating Minister for Economic Affairs, and Yukio Edano, the Japanese Minister of Economy, Trade & Industry. Mr Rajasa said, "We have agreed the projects to be financed 5...

Taiheiyo Cement falls 7% on weaker April-June operating profit

13 August 2012, Published under Cement News

Shares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June quarter, an improvement over the previous year's JPY1.2bn loss but lower than the JPY1bn  profit predicted by The Nikkei.

Taiheiyo quarterly profit seen rising on higher demand

02 August 2012, Published under Cement News

Japan’s leading cement producer Taiheiyo Cement is expected to report consolidated operating profit of about JPY1bn for the three months ended 30 June 2012, according to a Nikkei report. This would be the company’s first April-June operating profit in five years. Last year the company posted an operating loss of JPY1.2bn in the same perios of last year. Taiheiyo Cement shuts down its kilns during the Golden Week holidays in May each year for maintenance which drags down on earnings for th...

Taiheiyo could surpass FY13 earnings outlook, Japan

18 July 2012, Published under Cement News

Taiheiyo Cement’s president Shuji Fukuda has said the company’s earnings forecast for fiscal 2013 that was released in May could be on the conservative side as earthquake reconstruction efforts drive up cement demand. The report in the Nikkei said that rebuilding work has raised expectations that Taiheiyo’s earnings could exceed its earlier outlook, prompting shares in the company to rise on Tuesday. "Last year's disaster has raised awareness of disaster management and infrastructure s...

Sumitomo Osaka considers streamlining transport operations, Japan

29 May 2012, Published under Cement News

Sumitomo Osaka Cement is considering an overhaul of the group’s transport operation as it prepares to mark 20 years since the company was merged into a single entity. The Nikkei reports that the Japanese cement producer aims to integrate two transport subsidiaries, Sumise Kaiun Co and Taiyo Kisen Co, in order to revamp its logistics structure which has been in place since the old Sumitomo Cement and former Osaka Cement merged to become Sumitomo Osaka in October 1994. The two transport uni...