Cement News tagged under: North Asia
Asia Cement to purchase additional stake in Chiahui Power11 September 2020, Published under Cement NewsJapan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The share sale is subject to the approval of Taiwan’s authorities. Asia Cement, by purchasing the 39.97 per cent share, will raise its stake in Chiahui Power to 99.7 per cent. J-Power initially acquired the Chiahui Power shares from Asia Cement in 2002 and invested around JPY8bn (US$7m) into the firm, making it its lar... |
Taiwan's producers see decline in August revenue10 September 2020, Published under Cement NewsTaiwan’s Universal Cement Corp has reported a 3.5 per cent YoY decline in August revenue to TWD366.9m (US$12.5m), against TWD380.4m in the same month of 2019. However, in the January-August 2020 period, the company posted an 8.7 per cent YoY rise in revenue to TWD3.44bn from TWD3.16bn. Elsewhere, Hsing Ta Cement saw a 14 per cent fall in August 2020 revenue to TWD625.7m from TWD727.9m last year. In the first eight months of the year, revenue dipped 7.4 per cent YoY to TWD4.54bn. |
Aumund completes orders in Hong Kong and Japan10 September 2020, Published under Cement NewsAumund Asia in Hong Kong is supplying specially designed Samson ® Material Feeders to customers in Thailand and Japan. The machines are equipped with filters and enclosures so that the intake and onward feeding of fuels can be completed cleanly. One of Aumund's biggest Thai customers operates a plant in Saraburi, just north of Bangkok, where industrial and household waste is pre-treated and made into highly calorific alternative fuel. This lightweight material is tipped by trucks directly... |
Lucky Cement posts 23% rise in August revenue09 September 2020, Published under Cement NewsTaiwan’s Lucky Cement has announced a 22.9 per cent YoY rise in August revenue to TWD366.8m (US$12.5m) from TWD298.5m in the same month of 2019. In the first eight months of 2020, the company posted a 26.9 per cent YoY advance in revenue to TWD2.98bn from TWD2.3bn. |
Taiwan Cement to provide carbon footprint labels on cement in 4Q2007 September 2020, Published under Cement NewsTaiwan Cement Corp (TCC) has taken a leap forward in its efforts to reduce its carbon emissions by providing the first carbon footprint label for cement in Taiwan. TCC's products will be marked with carbon footprint labels as soon as the 4Q20. At the same time, TCC announced support for Global Cement and Concrete Association (GCCA) "2050 Climate Ambition" statement to continue lowering the carbon footprint of cement and ready-mix concrete products, and aims to deliver carbon-neutral concrete... |
West China Cement to raise US$102m in private placement04 September 2020, Published under Cement NewsWest China Cement Ltd has announced to raise CNY700m (US$101.9m) in a second tranche of private placement of medium-term notes to investors in China. The tranche has a term of three years and form part of the Medium-Term Notes of Yaobai Special Cement Group Co Ltd. The Agricultural Bank of China Ltd is acting as underwriter and China LIanhe Credit Rating Co Ltd as financial advisor of the offering. Proceeds of the second tranche will be used as general working capital of the group. |
West China Cement posts 5% fall in net profit25 August 2020, Published under Cement NewsWest China Cement has announced a 5.3 per cent YoY decline in net profit for the first half of the 2020, down to CNY752.3m (US$108.7m) from CNY793.5m in the 1H19. Revenue also fell 9.1 per cent YoY to CNY3.01bn from CNY3.31bn. Profits reportedly held up better than revenue due to a slight gross margin expansion on the back of lower coal costs and efficiency improvements. |
Anhui Conch's 1H20 profit rises 5.3%24 August 2020, Published under Cement NewsAnhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 pandemic, cement sales volumes fell across the regions the company operates in, except for west China. The cement company's net profit increased by 5.3 per cent to CNY16.09bn (US$2.33bn) during the period, the company reported. First-half operating revenue rose 3.3 per cent to CNY74.01bn. The company said it will se... |
China Resources Cement records 11% rise in profit24 August 2020, Published under Cement NewsChina Resources Cement saw its net profit rise 11 per cent YoY to HKD4.19bn (US$540.6m) for the first half of 2020. Revenue fell three per cent to HKD16.88bn, on the back of lower cement sales volumes. "The gradual stabilisation of infrastructure construction and the real-estate market, as well as the steady progress of urbanization and rural construction, will be conducive to the stable development of the cement industry," said the company. |
BBMG Corp sees net profit fall 50%20 August 2020, Published under Cement NewsChina’s BBMG Corp has seen its net profit fall 50 per cent YoY to CNY1.52bn (US$219.6m) for the first half of 2020. Operating revenue also declined 8.3 per cent to CNY40.93bn, attributed to a dip in results from the cement and ready-mix concrete segments. The company has stated that cement sales rebounded in the second quarter, but its future development will face certain risks as the COVID-19 crisis continues. |