Cement News tagged under: Taiheiyo Cement

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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.

Taiheiyo Cement records 10.4% decline in net profit

07 February 2020, Published under Cement News

Japan’s Taiheiyo Cement has seen a 10.4 per cent YoY decline in net profit to JPY30.5bn (US$277.5m) for the nine-month period ending 31 December 2019. Sales were also down 4.3 per cent YoY to JPY662.9bn in the 9MFY19-20, while its operating profit decreased 15.2 per cent to JPY42.1bn. Demand relating to the Tokyo Olympics and Paralympics and the reconstruction demand of the Great East Japan earthquake has peaked, therefore the company’s aggregate business saw sales volume decrease in the ...

Taiheiyo sees 7% drop in 1H net profits

12 November 2019, Published under Cement News

Taiheiyo Cement reported a 1.7 per cent decline in group revenues to JPY431.39bn (US$3.95bn) in the first half of FY19-20 (ended 30 September 2019) from JPY438.7bn in 1HFY18-19. The company’s operating profit decreased 18 per cent to JPY22.46bn YoY while pretax profit fell 17.1 per cent to JPY22.47bn over the period when compared with April-September 2018. Net profits edged down by 6.6 per cent to JPY16.2bn in the 1HFY19-20 from JPY17.34bn in the year-ago period.

Big Asian producers in the frame for Holcim Philippines acquisition

28 March 2019, Published under Cement News

China's Anhui Conch Cement Co and Japan's Taiheiyo Cement Corp have been invited to the next round of bidding for LafargeHolcim's Holcim Philippines Inc, along with Eagle Cement Corp. Shares of Holcim Philippines have risen more than 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, says Bloomberg. Holcim Philippines has also attracted interest from China Resources Cement Holdings Ltd and Hongshi Group Co, reports Bloomberg. Meanwhile, Holcim Philippines In...

Taiheiyo Cement sees 2% advance in net profit for 1HFY18

08 November 2018, Published under Cement News

Taiheiyo Cement has reported a four per cent increase in revenue to JPY438.7bn (US$3.86bn) in the first half of FY18, ended 30 September 2018. In 1HFY17 the company saw a revenue of JPY421.94bn. Operating profit slipped to JPY27.38bn in 1HFY18 from JPY27.43bn in 1HFY17 while pretax profit fell to JPY27.11bn from JPY28.07bn in the year-ago period. Net profit edged up 2.4 per cent from JPY16.93bn in 1HFY17 to JPY17.34bn in the first half of this financial year. Taiheiyo Cement also released ...

Taiheiyo Cement records 32% net profit increase in 1QFY18-19

09 August 2018, Published under Cement News

Taiheiyo Cement has announced a 5.9 per cent YoY increase in revenue to JPY211.34bn (US$1.9bn) in the first quarter of FY18-19 ended 30 June, compared with JPY199.61bn of the year-ago period. Operating profit advanced 10.3 per cent to JPY9.76bn from JPY8.85bn, while net profit surged 32.4 per cent to JPY6.13bn. The company also released forecasts for the 1HFY18-19 and financial year ending March 2019, with revenue expected to reach JPY429bn and JPY888bn, respectively. Net profit is anticip...

Taiheiyo to increase Philippine capacity

25 June 2018, Published under Cement News

Taiheiyo has allocated PHP3.5bn for a new cement line in San Fernando, Cebu. At present the works produces 7350tpd and the project aims to raise output potential to 16,350tpd by the end of next year. Romeo Gebilaguin, Taiheiyo's environment and safety manager, said that as demand for cement grows, the plant has to double its production capacity. "We will be needing additional manpower by then, hire more workers. This will give job opportunities to Cebu with six per cent of them coming fro...

Taiheiyo Cement reports 9% revenue increase

10 May 2018, Published under Cement News

Taiheiyo Cement has seen its revenues advance by 9.1 per cent to JPY871.11bn in FY17-18 from JPY798.59bn in the previous financial year. The company’s operating profit rose three per cent from JPY63.24bn to JPY65.13bn over the same period while pretax profit increased 7.6 per cent from JPY59.8bn to JPY64.37bn. Net profit dropped 19.1 per cent to JPY38.53bn in FY17-18 from JPY47.6bn the previous year.