Cement News tagged under: Japan

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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...

Sumitomo Osaka to sell more in-house power, Japan

22 May 2012, Published under Cement News

Sumitomo Osaka Cement Co plans to lift sales of power generated in-house at a Tochigi Prefecture plant using wood biomass fuel, according to reports in the Nikkei. The power generation facilities at the Tochigi plant were completed in February 2009 and went into full operation in April of that year. Current output totals 25,000kW. The group's operating profit is expected to surge 41% to JPY11.5bn in the fiscal year ending March 2013. Sumitomo Osaka Cement does not disclose power-relate...

Reconstruction efforts to boost operating profit, Japan

11 May 2012, Published under Cement News

Taiheiyo Cement Corp and Sumitomo Osaka Cement are both expected to post their highest operating profit in five years in fiscal 2012 due to reconstruction demand from the March 2011 disaster, according to reports from the Nikkei. Taiheiyo Cement, the domestic leader, is expected to post a profit of JPY37bn for the year to March 2013, while Sumitomo Osaka Cement is expected to report roughly JPY10bn. Domestic cement demand is projected to grow 1% to 43Mt this fiscal year, its second consec...

Taiheiyo Cement recycles waste into profits

24 April 2012, Published under Cement News

Taiheiyo Cement Corp is boosting its bottom line in an efficient and ecological way by recycling industrial waste into materials for making cement. In the year ended March 2011, Taiheiyo used 395kg of waste for every tonne of cement it produced. The firm could lift its bottom line further by increasing the amount of waste it uses. As part of its efforts to expand its recycling operations, Taiheiyo is now expanding the Kamiiso plant's capacity to deal with waste. It is also installing equ...