Cement News tagged under: Taiheiyo Cement

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Taiheiyo Cement posts 6% net profit rise

12 November 2021, Published under Cement News

Japan’s Taiheiyo Cement has seen a 19.2 per cent YoY decline in revenue to JPY339.8bn (US$2.98bn) in the first half of the FY21-22 ended 30 September, compared to JPY420.63bn in the year-ago period. However, net profit rose 5.6 per cent to JPY19.49bn from JPY18.46bn in the 1HFY20-21.

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.

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...

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...

Taiheiyo Cement 9M net profit advances 22% YoY

09 February 2021, Published under Cement News

Japan-based Taiheiyo Cement Corp saw its 9MFY20-21 revenues ended 31 December 2020 slip by 1.6 per cent to JPY652.71bn (US$6.23bn) from JPY662.99 in the year-ago period. However, operating profit advanced by 14.3 per cent from JPY42.16bn in 9MFY19-20 to JPY48.2bn in the 9MFY20-21.Pretax profits rose 16.4 per cent from JPY42.41bn to JPY49.35bn in the April-December 2020 period while net profits were up 21.6 per cent to JPY37.15bn from JPY30.54bn over the period. The company expects revenu...

Taiheiyo Cement plans PHP15bn expansion project

13 November 2020, Published under Cement News

Taiheiyo Cement is planning to invest PHP15bn (US$309.3m) to expand production at its plant in Cebu, Philippines. The company’s local subsidiary will construct a new line and expand shipping bases to Luzon, Iloilo, and Davao, according to a Department of Trade and Industry (DTI) press release. The company is also expected to install a 2km-long marine belt conveyor and expand its port in Cebu. The project, already underway, is anticipated to expand cement production capacity by 50 per cent...

Taiheiyo Cement to transfer equity stake in Qinhuangdao Asano Cement

18 September 2020, Published under Cement News

Japan-based Taiheiyo Cement announced that it would transfer the 71.99 per cent equity stake in its Chinese consolidated subsidiary Qinhuangdao Asano Cement to China's Qinhuangdao Changyang Concrete. A transfer price has not been disclosed, but the transfer is scheduled for the middle of September. After the equity transfer, Qinhuangdao Asano will no longer be a consolidated subsidiary of Taiheiyo Cement. Established in 1995 in Hebei province, Qinhuangdao Asano Cement has been producing cem...

Taiheiyo Cement's operating profit rises 17% YoY

12 August 2020, Published under Cement News

Japan’s Taiheiyo Cement announced a 41.8 per cent YoY decline in net profit to JPY3.2bn (US$29.96m) for the quarter ending June 2020. However, operating profit advanced 17.1 per cent YoY to JPY7bn while sales edged downwards by three per cent to JPY200.5bn. The cement sales volumes for its China business decreased due to the impact of COVID-19.

Japanese cement producers help reduce plastic waste

27 July 2020, Published under Cement News

Japan's cement companies are investing to use more plastic waste as fuel to produce cement. Taiheiyo Cement plans to employ new technology for efficiently making coal from plastic and deploy dedicated equipment at nine works in Japan. Meanwhile, Sumitomo Osaka Cement is pouring CNY10bn (US$93.6m) into environmental efforts, including handling plastic waste, by FY22. Japan shipped 1.5Mta of plastic waste abroad until 2017, according to Ministry of Finance data. This fell to 1.01Mt i...

Taiheiyo Cement reports 4% fall in net sales for FY19-20

20 May 2020, Published under Cement News

Japan’s Taiheiyo Cement has seen a 3.5 per cent YoY fall in net sales to JPY884.35bn (US$8.21bn) in the FY19-20 ending 31 March 2020, compared to JPY916.07bn in the previous year. Operating income was also down 7.6 per cent YoY to JPY61bn in the FY19-20, while net income declined 9.9 per cent to JPY39.15bn from JPY43.45bn.