Cement News tagged under: North Asia

RSS feed

Taiwan Cement Corp completes majority acquisition of Engie EPS

21 July 2021, Published under Cement News

Taiwan Cement Corp has finalised the acquisition of a 60.48 per cent share of Italy-based energy storage company Engie EPS SA on 20 July 2021, at a price of EUR17.10 per share and a total investment of EUR132m. The new company name, New Horizons Ahead (NHOA), also came into effect. According to Bloomberg New Energy Finance (BNEF), after the acquisition of NHOA, TCC will be in fourth place in global energy storage power output and become a major supplier of high-end electric vehicle (EV) c...

Tangshan Jidong sees cement and clinker sales rise 14%

14 July 2021, Published under Cement News

China’s Tangshan Jidong Cement expects its net profit to rise 20-30 per cent YoY to CNY1.2-1.3bn (US$185-200m) in the first half of 2021, compared to CNY1bn in the year-ago period. The company has attributed the rise in profit to an increase in cement and clinker sales, continued strengthening of cost control and a decline in expenses. Its consolidated sales of cement and clinker advanced 14 per cent to around 48Mt.

China and Canada collaborate for carbon capture

12 July 2021, Published under Cement News

A new collaboration between China Building Materials Academy (CBMA) and Canada's International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology for the global cement industry, according to a press release. The first initiative under the agreement will aid CBMA in applying the Knowledge Centre's model and Front-End Engineering Design (FEED) of a test platform, which has a capture capacity of appro...

Hsing Ta Cement posts 14% increase in revenue

09 July 2021, Published under Cement News

Taiwan’s Hsing Ta Cement has seen its revenue in June 2021 fall 19.5 per cent YoY to TWD492m (US$17.54n) from TWD611.25m.  In the January-June period, revenue improved 13.6 per cent YoY to TWD3.69bn from TWD3.26bn. 

Universal Cement records 12% rise in revenue

09 July 2021, Published under Cement News

Taiwan’s Universal Cement has posted a 10.2 per cent YoY decline in June revenue to TWD407.13bn (US$14.5m) from TWD453.56m in the year-ago period. In the first six months of the year, revenue advanced 12.1 per cent to TWD2.91bn from TWD2.59bn.

Taiwan's producers see largely positive results in May

10 June 2021, Published under Cement News

Taiwan’s Hsing Ta Cement has posted an 11.3 per cent YoY decline in revenue to TWD627.35m (US$22.65m) in May, compared to TWD706.92m in the year-ago period. However, in January-May 2021 revenue advanced 21.2 per cent to TWD3.21bn from TWD2.64bn in the 5M20. Elsewhere, Universal Cement posted a 32.4 per cent rise in revenue to TWD533.8m from TWD403m in May 2020. Revenue in the first five months of the year also climbed 16.8 per cent to TWD2.5bn from TWD2.14bn. Chia Hsin Cement also saw rev...

Lucky Cement sees 6% decline in revenue

09 June 2021, Published under Cement News

Taiwan’s Lucky Cement has seen its revenue stay largely flat at TWD357.04m (US$12.87m) in May 2021, compared to TWD357.16m in the year-ago period. In the January-May period, revenue declined 6.3 per cent YoY to TWD1.75bn from TWD1.87bn in the 5M20.

Asia Cement creates shore power solution for vessels

21 May 2021, Published under Cement News

Taiwan’s Asia Cement Corp has announced the completion of a full shore power project for its cement vessels, which will see its cement carriers use the onshore Taipower energy supply instead of using on-board generators while berthing at port. The project is expected to save over 1474t of fuel per year and effectively cut 5329t of CO 2 emissions. Asia Cement currently has four cement carriers that transport cement from its Hualien plant to various ports of Taiwan and overseas markets. In ...

Taiwan Cement records 11% rise in revenue

18 May 2021, Published under Cement News

Taiwan Cement has reported a 11.3 per cent rise in revenue to TWD22.04bn (US$789.3m) for the first quarter of 2021, while its net income advanced 10.6 per cent YoY to TWD3.32bn on the back of profit growth in Taiwan and Europe’s cement businesses. Despite weak sales prices in the mainland China cement business in the 1Q21, sales prices have been increasing steadily since April. In Taiwan’s cement and ready-mix concrete market, due to strong infrastructure and property demand, the gross marg...

Universal Cement sees 15% rise in revenue

14 May 2021, Published under Cement News

Taiwan’s Universal Cement Co has posted a 14.9 per cent YoY rise in revenue to TWD1.44bn (US$51.51m) in the first quarter of 2021, compared with TWD1.25bn in the year-ago period. Net profit also surged to TWD229.47m from TWD46.21m in the 1Q20, while pre-tax profit increased to TWD258.73m from TWD50.58m.