Cement News tagged under: Japan

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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...

Taiheiyo Cement’s operating FY14 target, Japan

19 March 2012, Published under Cement News

Japan’s Taheiyo Cement plans to increase group operating profit by around JPY50bn (US$598.8m) in fiscal year 2014 (FY14), an increase of 90 per cent on its projection for the year ending March 31. The Nikkei reports that the target will be included in a forthcoming business plan that runs through the year ending March 2015. The projections are based on total domestic demand rising four per cent to 43Mt in fiscal 2014. Japan’s leading cement producer anticipates a 2Mta boost from earthquake ...

Morgan Stanley raises Japanese cement sector rating

08 February 2012, Published under Cement News

Morgan Stanley MUFJ Securities has set the Japanese cement sector’s rating to “attractive” – the highest ranking on its three-tier scale. According to a Nikkei report, analysts at the brokerage wrote that profits at cement firms will rise in line with their on-going efforts to cut costs. Higher prices, an increasing balanced supply and demand ratio and rising demand related to earthquake reconstruction efforts will also support the industry. The house also said that investors have unde...

Japan reconstruction efforts boost Taiheiyo operating profit

23 January 2012, Published under Cement News

As reconstruction efforts for the Great East Japan Earthquake get underway, local producers are starting to receive a boost, the The Nikkei reports.  Cement sale in the quake-struck Tohoku region increased by 10 per cent YoY  last month. Taiheiyo shipments to the region rose by 10 per cent in December on the back of emergency infrastructure. The company’s operating profit is likely to more than double YoY to JPY20bn for the April-December period. For the full-year, ending 31 March 2011...