Cement News tagged under: Japan

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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...

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...