Cement News tagged under: North Asia

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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.

Asia Cement records 36% increase in revenue

14 May 2021, Published under Cement News

Taiwan’s Asia Cement has recorded a 36.1 per cent YoY increase in revenue to TWD17.88bn (US$639.38m) for the first quarter of 2021, up from TWD13.14bn in the 1Q20. Net profit advanced 330.2 per cent to TWD3.2bn from TWD743.77m in the year-ago period, while pre-tax profit reached TWD4.74bn from TWD1.57bn.

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.