Cement News tagged under: North Asia

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Asia Cement posts 7% rise in revenue

11 August 2021, Published under Cement News

Taiwan’s Asia Cement has recorded a 6.7 per cent YoY rise in revenue to TWD22.08bn (US$792.89m) in the second quarter of the year, compared to TWD20.69bn in the year-ago period. However, net profit saw a 3.3 per cent fall to TWD4.52bn from TWD4.67bn in the 2Q20.

Taiheiyo Cement announces 101% rise in net profit

10 August 2021, Published under Cement News

Japan’s Taiheiyo Cement has posted a revenue of JPY159.6bn (US$1.44bn) in the quarter ending 30 June 2021, down 20.4 per cent on JPY200.56bn in the same period of the previous fiscal. However, net profit surged 101 per cent YoY to JPY6.58bn from JPY3.27bn in the 1QFY21-22.

Lucky Cement posts 19% decrease in revenue

09 August 2021, Published under Cement News

Taiwan’s Lucky Cement has posted a 19.1 per cent YoY decline in revenue to TWD310.86m (US$11.17m) in July 2021, compared to TWD384.04m in the same month of the previous year. In the first six months of the year, the company also reported an 8.6 per cent decrease in revenue to TWD2.39bn from TWD2.61bn in the 1H20.

Sumitomo Osaka Cement posts 14% rise in profit

05 August 2021, Published under Cement News

Japan’s Sumitomo Osaka Cement has posted a 16.4 per cent YoY decline in profit to JPY43.78bn (US$399.57m) for the quarter ending 30 June 2021, compared to JPY52.35bn in the year-ago period. However, operating profit climbed 13.6 per cent YoY to JPY2.92bn from JPY2.57bn.

Vortex Asia-Pacific reopens Shanghai office

03 August 2021, Published under Cement News

As COVID-19 restrictions ease, solids and bulk handling components company Vortex Asia-Pacific is pleased to announce it has reopened a physical office in Shanghai, China. The new location is in the heart of downtown Shanghai and will serve Vortex’s customers in China and a variety of countries on the Asian continent. "We are extremely pleased that we can start to move on from the past 18 months and that our Asia-Pacific customers are getting all the support they need from our n...

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.