Cement News tagged under: Taiheiyo Cement Corp
Taiheiyo Cement reports 35% 1H pretax profit rise09 November 2017, Published under Cement NewsTaiheiyo Cement Corp has posted a 11.9 per cent rise in revenues to JPY421.94bn (US$3.72bn) in 1H17 from JPY376.93bn in 1H16. Operating profit during the six months ending 30 September 2017 increased 31.8 percent YoY to JPY27.43bn while pretax profits rose 34.9 per cent from JPY20.81bn in 1H16 to JPY28.07bn in 1H17. However, the Japan-based cement producer’s net profit fell 48.7 per cent from JPY42.1bn to JPY16.93bn over the same period. For the financial year ending March 2018, Taihe... |
Ssangyong Cement creditors reject Taiheiyo offer18 December 2015, Published under Cement NewsThe administration responsible for selling South Korea's Ssangyong Cement is likely to reject an offer made by Japan’s Taiheiyo Cement Corp, Ssangyong’s second-largest shareholder, to acquire all its shares. It was based on the judgment that the Japanese cement maker's offer was intended to obstruct the sale. "The offer by Taiheiyo to take over all the Ssangyong Cement stake is equivalent to saying Ssangyong must accept its claims of preemption right currently in dispute in the court," c... |
CalPortland Co to buy Martin Marietta's California cement business06 August 2015, Published under Cement NewsTaiheiyo Cement Corp announced Tuesday that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc's cement business in California for US$420m. Major assets included in the deal are the Oro Grande cement plant (situated near the major market of Los Angeles) and the Stockton and San Diego cement terminals. "This asset purchase from Martin Marietta will allow CPC to replace the cement production capacity lost by the discontinuation of cement production ... |
Taiheiyo Cement ordered to close Nanjing plant, China15 August 2013, Published under Cement NewsTaiheiyo Cement Corp has been ordered by the Chinese city of Nanjing to close a local production facility by the end of next year due to pollution concerns. Shutting the Nanjing plant would reduce Taiheiyo Cement's Chinese output capacity by 30-40 per cent, The Nikkei reported on Wednesday. Japan's number one cement producer will ask the city to reconsider. If Taiheiyo Cement does not follow the order, the local partner with which it has a joint venture will likely be penalised, with t... |
Taiheiyo Cement full-year pretax profit seen beating estimates09 May 2013, Published under Cement NewsJapan’s leading cement producer, Taiheiyo Cement Corp, is expected to have posted a 70 per cent YoY rise in pretax profit for the fiscal year to the end of March 2013. Net profit is expected to have beat forecasts of JPY30.5bn to reach around JPY32bn, according to a Nikkei Report. Sales are believed to have increased by three per cent to approximately JPY750bn while volume grew at least five per cent with shipments to the Tohoku region for earthquake rebuilding topping estimates. Operat... |
Taiheiyo's China subsidiary announces new joint venture17 December 2012, Published under Cement NewsJapan's leading cement producer Taiheiyo Cement Corp announced that its Chinese sub sidiary Taiheiyo Cement (China) Investment Corp, has signed a joint venture agreement with Xinjian Tianye (Group) Co in Beijing. Both companies agreed to establish the new venture named Xinjiang Tianye Taihieyo Building Material Co (TTBM) in Xingjiang Uygur Autonomous Prefecture in northwest China. TTBM will produce OPC, blended cement and special cement, such as moderate heat cement. TTBM will utilise quick... |
Taiheiyo Cement falls 7% on weaker April-June operating profit13 August 2012, Published under Cement NewsShares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June quarter, an improvement over the previous year's JPY1.2bn loss but lower than the JPY1bn profit predicted by The Nikkei. |