Cement News tagged under: North Asia

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Sumitomo Osaka sees 7% climb in net profit

14 May 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has recorded a 7.3 per cent YoY rise in net profit to JPY11.72bn (US$106.97m) for the year ended March 2021. Sales were down 2.4 per cent YoY to JPY239.27bn while operating profit climbed 3.1 per cent to JPY16.63bn. The company has forecast sales of JPY185.5bn and a net profit of JPY9bn for the year ending March 2022.

Hsing Ta Cement records 56% rise in revenue

14 May 2021, Published under Cement News

Taiwan’s Hsing Ta Cement has recorded a 55.5 per cent YoY rise in revenue to TWD1.8bn (US$64.76m) in the first quarter of 2021, compared with TWD1.17bn in the year-ago period. Net profit also surged 211 per cent to TWD284.4m from TWD91.34m in the first quarter of 2020. 

Taiheiyo Cement sees 20% net profit increase

13 May 2021, Published under Cement News

Japan’s Taiheiyo Cement has recorded a 2.3 per cent decline in revenue to JPY863.9bn (US$7.88bn) in the year ending 31 March 2021, compared with JPY884.35bn in the previous year. However, net profit advanced 19.6 per cent YoY to JPY46.8bn from JPY39.15bn. Operating profit reached JPY63.61bn, up 4.3 per cent YoY, while pretax profit also increased 8.6 per cent to JPY65.74bn from JPY60.54bn in the FY19-20. The company also released a series of forecasts for the year ending March 2022. Its r...

Chia Hsin Cement posts 10% rise in revenue

12 May 2021, Published under Cement News

Taiwan’s Chia Hsin Cement has posted a 9.9 per cent YoY increase in revenue to TWD544.53m (US$19.47m) in the first quarter of 2021, compared to TWD495.3m in the year-ago period. The company also saw its net loss narrow to TWD127.1m from TWD210.1m in the 1Q20.

Lucky Cement posts 15% fall in revenue

10 May 2021, Published under Cement News

Taiwan’s Lucky Cement has posted a 14.5 per cent YoY decline in April revenue to TWD345.56m (US$12.44m) from TWD404.2m in the year-ago period. In the first four months of 2021, the company saw a 7.8 per cent fall in revenue to TWD1.39bn from TWD1.51bn.

YTL Cement completes divestment of China subsidiary

05 May 2021, Published under Cement News

YTL Cement (Hong Kong), a subsidiary of YTL Corp Bhd, has finalised the disposal of its 100 per cent equity interest in Zhejiang Hangzhou Dama Cement Co Ltd (Dama Cement), according to local press reports.   Dama Cement owns a cement plant in Lin’an district, Zhejiang Province, China. YTL Cement invested in the company in 2007 and has seen aggregate returns of about CNY1.3bn (US$200.8m), said a statement. The price of the disposal was undisclosed.   “This is an ideal time for us to make an e...

BMH Technology wins high-capacity waste shredding order

23 April 2021, Published under Cement News

BMH Technology Oy will supply three waste shredding lines to SsangYong C&E's plants in Donghae and YeongWol, South Korea. The lines will produce high-quality solid recovered fuel (SRF) to kilns and boilers used in cement production.   Each line includes a TYRANNOSAURUS ® FineScreen and air classifier for separating impurities. Altogether, the delivery contains five high-capacity TYRANNOSAURUS FineShredders. Donghae will be one of the world’s largest SRF shredding plants producing alt...

Taiheiyo Cement Corp to work with Carbon Clean on carbon capture plant

21 April 2021, Published under Cement News

Japanese cement producer Taiheiyo Cement Corp will implement technology for CO 2  capture from the flue gas of rotary cement kilns in the first, 10tpd demonstration plant in Japan. For this purpose, Taiheiyo Cement has selected the technology for CO 2 chemical absorption supplied by UK-based Carbon Clean, which has been awarded by Marubeni Protechs Corp (Marubeni Protechs) in Japan. This technology will be installed at Taiheiyo Cement's plant in Kumagaya City, Saitama, and demonstr...

A change in direction for Taiwanese cement producers

01 April 2021, Published under Cement News

Taiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48Mt in 2019 to 10.07Mt in 2020, a rise of 6.2 per cent, according to data released by the Taiwan Cement Manufacturers' Association. Cement consumption previously exceeded 10Mt in 2015, when it peaked at 10.6Mt. It fell to 8.88Mt in 2017 before recovering to its current level, and in 2021 it is forecast to reach 10.36Mt,...

West China Cement sees sales volumes rise 3%

30 March 2021, Published under Cement News

West China Cement has seen its attributable profit decrease 13.4 per cent YoY to CNY1560m (US$237.48m) in 2020, compared with CNY1801.3m in the previous year. Revenue was down 1.6 per cent YoY to CNY7131m from CNY7247m in 2019, while EBITDA fell 3.3 per cent to CNY2997m. However, total cement and clinker sales volumes rose 3.1 per cent YoY to 19.9Mt from 19.3Mt. Cement volumes improved 4.3 per cent to 19.6Mt.