Cement News tagged under: Taiheiyo Cement

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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.

Taiheiyo Cement sees revenue increase in 9M17

08 February 2018, Published under Cement News

Taiheiyo Cement has reported its financial results for the nine-month period ended 31 December 2017. The group revenue has increased to JPY653.06bn (US$5.95bn) from JPY592.21bn seen in the year-ago period. Similarly, operating profit grew to JPY48.68bn from JPY44.23bn of the 9M16. However, net profit has fallen considerably, finishing at JPY32.53bn in the 9M17 (9M16: JPY57.12bn).  The company also released its outlook for the fiscal year period ending March 2018. The group revenue is expec...

Taiheiyo selected to Dow Jones Sustainability Asia Pacific Index

26 September 2017, Published under Cement News

Taiheiyo Cement was selected for the fourth consecutive year as a component of the Dow Jones Sustainability Asia/Pacific Index (DJSI Asia Pacific) in 2017. The index is the Asia Pacific version of the Dow Jones Sustainability Indices (DJSI) and serves as one of the key benchmarks for socially-responsible investment. The DJSI are the investment indices developed and provided cooperatively by the US-based S&P Dow Jones Indices and Switzerland-based RobecoSAM, which evaluate the sustaina...

Japan: finding new ways

19 December 2016, Published under Cement News

Since the last decade of the 20th century, Japan has been stuck in a deflationary economic spiral, but now a fragile growth is emerging. While the country finds new ways to prosper and can look forward to hosting the Olympic Games in 2020, public investment is not expected to provide the fast track to prosperity. Cement producers will find most support in private investment and exports, which are resuming their upward trajectory. As it upgrades its transport network, replacing one pio...

Philippines: Taiheiyo contributes to National Greening Programme

25 November 2016, Published under Cement News

Employees from Taiheiyo Cement Philippines Inc and Solid Earth Development Corp planted 5350 seedlings across different sites in San Fernando in support of the National Greening Programme (NGP). Taiheiyo Philippines plant manager and senior vice president for operations, Kazuhiko Ichizawa, and Kazuhiko Soma, operations division manager, led 30 employees in the tree-planting activity that was conducted under the Environment Protection and Enhancement Programme (EPEP) started by Taiheiyo an...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...