Cement News tagged under: Taiheiyo Cement
Taiheiyo wins Bangladesh logo case15 February 2013, Published under Cement NewsJapanese cement producer Taiheiyo Cement Corp has won a court case in Bangladesh for the use of its logo by local cement manufacturers. The Bangladesh District Judge, Dhaka, issued an order on 29 January 2013 stating that the "Defendants Nos 1-4 (Bengal Tiger Cement Industries Ltd and Others) be restrained from using the Trademark and Trade Name of the Plaintiff-petitioner (Taiheiyo Cement Corporation, Japan)." Bengal Tiger Cement Industries Ltd of Bangladesh was alleged producing, mar... |
Taiheiyo Cement lowers gearing, Japan25 January 2013, Published under Cement NewsTaiheiyo Cement’s net debt-to-equity ratio is likely to drop to 2.4 by the end of the current fiscal, an improvement on the 2.6 from a year earlier and under 2.5 for the first time in five years. According to a Nikkei Report, in the financial year ending 31 March, Japan's leading cement producer's cash flow has improved thanks to growth in cement sales which have been bolstered by earthquake reconstruction efforts. The company has also scaled back investments and sold assets. The balan... |
Taiheiyo Cement sales exceed expectations, Japan06 November 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report a 260 per cent YoY rise in consolidated pretax profit for the six months ended 30 September on earthquake rebuilding. A Nikkei report shows states that cement sales have exceeded targets due to reconstruction efforts relating to the Great Japan Earthquake in March 2011, and costs for coal have also been lower than expected. The cement producer had also projected a net loss of JPY3.2bn in part on the disposal of produ... |
R&I Affirms BBB/a-2, Stable: Taiheiyo Cement Corp23 October 2012, Published under Cement NewsRating and Investment Information, Inc (R&I) has announced the following: Taiheiyo Cement Corp. Issuer Rating: BBB, Affirmed Rating Outlook: Stable Commercial Paper: a-2, Affirmed. Rationale Taiheiyo Cement Corp. is the largest cement manufacturer in Japan. The company has a foothold in overseas markets as well, including North America, China, Vietnam, the Philippines and South Korea. The earnings structure of the domestic cement business has improved as a result of a review of the ... |
Taiheiyo quarterly profit seen rising on higher demand02 August 2012, Published under Cement NewsJapan’s leading cement producer Taiheiyo Cement is expected to report consolidated operating profit of about JPY1bn for the three months ended 30 June 2012, according to a Nikkei report. This would be the company’s first April-June operating profit in five years. Last year the company posted an operating loss of JPY1.2bn in the same perios of last year. Taiheiyo Cement shuts down its kilns during the Golden Week holidays in May each year for maintenance which drags down on earnings for th... |
Taiheiyo could surpass FY13 earnings outlook, Japan18 July 2012, Published under Cement NewsTaiheiyo Cement’s president Shuji Fukuda has said the company’s earnings forecast for fiscal 2013 that was released in May could be on the conservative side as earthquake reconstruction efforts drive up cement demand. The report in the Nikkei said that rebuilding work has raised expectations that Taiheiyo’s earnings could exceed its earlier outlook, prompting shares in the company to rise on Tuesday. "Last year's disaster has raised awareness of disaster management and infrastructure s... |
Reconstruction efforts to boost operating profit, Japan11 May 2012, Published under Cement NewsTaiheiyo Cement Corp and Sumitomo Osaka Cement are both expected to post their highest operating profit in five years in fiscal 2012 due to reconstruction demand from the March 2011 disaster, according to reports from the Nikkei. Taiheiyo Cement, the domestic leader, is expected to post a profit of JPY37bn for the year to March 2013, while Sumitomo Osaka Cement is expected to report roughly JPY10bn. Domestic cement demand is projected to grow 1% to 43Mt this fiscal year, its second consec... |
Taiheiyo Cement recycles waste into profits24 April 2012, Published under Cement NewsTaiheiyo Cement Corp is boosting its bottom line in an efficient and ecological way by recycling industrial waste into materials for making cement. In the year ended March 2011, Taiheiyo used 395kg of waste for every tonne of cement it produced. The firm could lift its bottom line further by increasing the amount of waste it uses. As part of its efforts to expand its recycling operations, Taiheiyo is now expanding the Kamiiso plant's capacity to deal with waste. It is also installing equ... |
Taiheiyo Cement’s operating FY14 target, Japan19 March 2012, Published under Cement NewsJapan’s Taheiyo Cement plans to increase group operating profit by around JPY50bn (US$598.8m) in fiscal year 2014 (FY14), an increase of 90 per cent on its projection for the year ending March 31. The Nikkei reports that the target will be included in a forthcoming business plan that runs through the year ending March 2015. The projections are based on total domestic demand rising four per cent to 43Mt in fiscal 2014. Japan’s leading cement producer anticipates a 2Mta boost from earthquake ... |
Morgan Stanley raises Japanese cement sector rating08 February 2012, Published under Cement NewsMorgan Stanley MUFJ Securities has set the Japanese cement sector’s rating to “attractive” – the highest ranking on its three-tier scale. According to a Nikkei report, analysts at the brokerage wrote that profits at cement firms will rise in line with their on-going efforts to cut costs. Higher prices, an increasing balanced supply and demand ratio and rising demand related to earthquake reconstruction efforts will also support the industry. The house also said that investors have unde... |