Cement News tagged under: Taiheiyo Cement
Recognition for Taiheiyo Cement Corp's CSR Report 201525 February 2016, Published under Cement NewsTaiheiyo Cement Corporation’s CSR Report 2015, published last September, has been awarded the “Excellence prize for special recognition” in the environmental reparation section of the 19th Environmental Communication Awards, sponsored by Japan’s Ministry of the Environment and the Global Environmental Forum. Established in 1997, the Environmental Communication Awards promote efforts in corporate environmental management and environmental communication, and aim to raise the quality of inform... |
Taiheiyo Cement concludes contract for research into Fukushima agricultural land reclamation20 October 2015, Published under Cement NewsTaiheiyo Cement Corp of Japan has concluded a contract for collaborative research with the Fukushima Future Center for Regional Revitalisation of Fukushima University and commenced research using Minamisoma City as a case study. The goal is to promote research into preserving and utilising agricultural land damaged by the 2011 Earthquake and to respond to the need for regional revitalisation and agricultural recovery through recovering agricultural land by cultivating 'energy crops'... |
Taiheiyo Cement selected for second consecutive year for DJSI Asia Pacific09 October 2015, Published under Cement NewsTaiheiyo Cement was selected for the second consecutive year as a component of the Dow Jones Sustainability Asia/Pacific Index (DJSI Asia Pacific) in 2015. This 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 offered cooperatively by the US-based S&PDow Jones Indices and Switzerland-based RobecoSAM, which evaluate the sustainability ... |
Taiheiyo Cement's Singapore additions10 June 2015, Published under Cement NewsTaiheiyo Cement, which operates a cement terminal in Singapore through Singapore Cement Manufacturing (SCMC), a joint venture with Singapore-based Hong Leong Asia Ltd, announced the completion of a new 24,000t cement silo at SCMC's cement terminal. Infrastructure investment, including subway and highway construction, is driving the robust cement market in Singapore and fueling demand for low-heat-type cement as a way to prevent thermal cracking in concrete structures with large cross-sect... |
Taiheiyo dissolves Xinjiang joint venture09 September 2014, Published under Cement NewsTaiheiyo Cement has ended a Chinese joint venture with a Xinjiang-based company in response to government efforts to cut excess capacity in the cement sector. Following calls by Beijing to curb investment in the cement industry to ease oversupply concerns and given the business environment in the regional industry, Taiheiyo and Xinjiang Tianye decided to break off the agreement, according to a Nikkei Report. The joint venture agreement had initially been signed at the end of 2012 bet... |
R&I upgrades Taiheiyo to BBB+28 August 2014, Published under Cement NewsRating and Investment Information Inc (R&I) has upgraded Taiheiyo Cement to to BBB+ from BBB. The outlook is ‘Stable’. The ratings agency notes that after seeing demand plummet in key markets of Japan and the US in FY09 (ended March 2010), Taiheiyo Cement has since improved its cost structure by slashing fixed expenses through the streamlining of its production and supply structure and reducing variable expenses through the use of recycled raw and fuel materials. “This, coupled with an... |
Japanese producers to increase shipping capabilities30 December 2013, Published under Cement NewsThree major Japanese cement producers plan to increase their shipping capacity for the distribution of cement throughout the country to meet current and expected increases in demand. According to a recent Nikkei report, Sumitomo Oskaka Cement will spend JPY6.8bn on a new 8000t ship in February, followed by two 2000t ships and a 5500t ship after April 2015. Despite decommissioning three older vessels, its total fleet will expand to 20 ships with a combined capacity of 93,000t compared to t... |
Japanese producers see strong first quarter06 August 2013, Published under Cement NewsTwo of Japan’s leading cement producers are expected to post higher first-quarter profit supported by cement demand for earthquake rebuilding efforts. The country’s largest cement producer, Taiheiyo Cement, is seen posting roughly JPY5bn (US$50.8m) in pretax profit for the April-June quarter, compared with a year-earlier loss of JPY4.2bn, marking the company’s first pretax rise in six years. The Nikkei reports that sales likely increased by 10 per cent YoY to about JPY190bn as shipments to... |
Japan: imperial couple tour disaster-stricken cement plant05 July 2013, Published under Cement NewsEmperor Akihito and Empress Michiko inspected equipment to desalinate rubble and a rotary kiln which heats raw materials to make cement at the plant in Ofunato , Iwate Prefecture, one of three prefectures in northeastern Japan devastated by the 2011 Tohoku earthquake and subsequent tsunami that struck the area. The plant, operated by Taiheiyo cement, is close to the sea and was heavily damaged by the tsunami. But it was back online about eight months later and is now producing cement used... |
Credit Suisse upgrades Taiheiyo Cement, Japan06 March 2013, Published under Cement NewsCredit Suisse has upgraded Japan’s leading cement producer Taiheiyo Cement to Outperform from Neutral and sees improved profits for the company in the next fiscal. The house sees a one-off but substantial shortfall versus guidance in the current fiscal year due to higher fixed costs and increases in cost outlays due to production-related issues. However, it expects the company to achieve profits in the fiscal ending March 2014 on a comparative profit rebound, relatively large benefits from... |