Cement News tagged under: North Asia

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Taiwan Cement reports 21% hike in July revenue

11 August 2022, Published under Cement News

Taiwan Cement has posted a revenue of TWD10,102.468m (US$336.3m) in July 2022, ,up 21.4 per cent when compared with TWD8,319.972m, , according to a filing on the Taiwan Stock Exchange. In the first seven months of 2022, revenues slipped 0.2 per cent to TWD58,247.2m from TWD58,343.336m in the 7M21.

Hsing Ta Cement posts 13% increase in July revenue

10 August 2022, Published under Cement News

Taiwan-based Hsing Ta Cement Co Ltd reported a 13.3 per cent advance in revenue to TWD557.403m (US$18.5m) in July 2022 from TWD492.134m in July 2021, according to a filing on the Taiwan Stock Exchange. The company’s revenue in the January-July 2022 period decreased 15 per cent to TWD3562.279m from TWD4189.866m.

Taiheiyo Cement posts 1Q revenue of JPY177bn

09 August 2022, Published under Cement News

Japanese cement producer Taiheiyo Cement Corp saw a 10.6 per cent increase in group revenue to JPY176.52bn (US$1308.5m) in the 1QFY22-23 when compared with JPY159.61bn in the equivalent period of the previous financial year. Operating profit was down 87.8 per cent from JPY9.92bn in the 1QFY21-22 to JPY1.21bn in the 1QFY22-23 while pretax profit contracted by 79.1 per cent to JPY2.19bn from JPY10.48bn during the same period. The company reported a JPY220m net loss in the 1QFY22-23, comp...

TCC introduces World's first UHPC cabinet energy storage system

22 July 2022, Published under Cement News

Taiwan Cement Corp (TCC) joined 7-11 to unveil its 10,000th store in Asia and introduced the “New Energy Convenience Store”. TCC combines the company’s strength in green energy, energy storage, battery and cement to build an energy storage system (ESS) to provide stable electricity and reduce carbon emissions.     7-11’s 10,000th store in Asia is Taiwan’s first convenience store to install an uninterruptible power supply (UPS) system with green energy and ESS. It is also the first in...

China Shanshui Cement issues profit warning

19 July 2022, Published under Cement News

China Shanshui Cement Group has issued a profit warning for the first half of 2022. Profit attributable to equity holders of the company for the six-month period will decrease by no less than 60 per cent compared the same period a year earlier, according to a report on Dow Jones Newswire. The fall is being blamed on the pandemic, climatic factors, and market demand, which fell in the opening half of the year, resulting in a contraction in both cement sales and operating revenue versus the...

Korean trucker strike halts cement production

15 June 2022, Published under Cement News

A strike by truckers in South Korea is causing chaos for the country’s cement plants, according to the Korea JoongAng Daily. The strike by members of Cargo Truckers Solidarity, which began on 7 June, has reduced cement shipments to just 13 per cent of their normal levels. Around half of South Korea’s 2700 bulk cement trucks are driven by union members, leaving plants in danger of closure as inventories build up. Two of the country’s cement plants have already ceased operations due to lack of...

North Korean cement production boost

13 June 2022, Published under Cement News

Cement producers across North Korea have supplied more cement to major construction sites even under the maximum emergency anti-epidemic system. Officials and workers of the Sangwon Cement complex increased the output of clinker by introducing new operation methods of production. The Sunchon Cement plant has recorded high daily production results. Meanwhile, the Chonnae-ri Cement factory is achieving normal operation of its production equipment.

Taiwan cement producers sees dent in revenues in May

10 June 2022, Published under Cement News

Taiwan’s cement producers reported mostly a decrease in revenues in May. Lucky Cement posted a 6.9 per cent YoY drop in May revenue to TWD332.258m (US$11.23m) from TWD357.039m in May 2021. In the first five months of 2022, revenue declined by 11.4 per cent to TWD1548.687m from TWD1748.555m in the January-May period. For Chia Hsin Cement Co the month proved more challenging as it saw revenue down 16.8 per cent YoY as the company posted a revenue of TWD163.521m in May 2022 from TWD196.43...

Taiwan Cement orders more battery power storage

07 June 2022, Published under Cement News

NHOA SA, formerly Engie EPS, has won an order to deliver a 22MWh battery storage project to  Taiwan Cement Corp (TCC). The system will be an expansion of a 10MW facility being installed at TCC's HePing industrial park. Both units will provide ancillary services to Taiwan's power grid and support the nation’s goal of having 45GW of installed renewable power generation capacity by 2030. NHOA explained that the expansion was undertaken to widen the range of frequency support services sou...

Taiwan Cement shifts focus to green energy and waste

27 May 2022, Published under Cement News

Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracting by 24.1 per cent, according to Nelson Chang, chairman of TCC, speaking at the company’s annual general meeting on 26 May, 2022. Cement prices in the 1Q22 improved by 18 per cent, but this did little to offset the 195 per cent YoY uptick in the international coal price. However, consolidated revenue advanced by four ...