Cement News tagged under: Taiwan

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Chia Hsin Cement reports 1% fall in revenues in Oct

12 November 2019, Published under Cement News

Taiwan-based Chia Hsin Cement Corp posted a revenue of TWD176.789m (US$5.8m) in October 2019, slipped 0.9 per cent when compared with TWD178.401m reported for October 2018. In the first 10 months of 2019, revenues fell six per cent to TWD1.573bn from TWD1.674bn in January-October 2018.

Taiwanese producers record mixed results in October

11 November 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has recorded a 12.5 per cent YoY fall in revenue for October 2019, decreasing to TWD638.73m (US$21m) from TWD729.87m. However, revenue in the January-October period increased 15 per cent YoY to TWD6.26bn. Elsewhere in the country, Asia Cement Corp saw an 8.4 per cent YoY dip in October revenue to TWD7.02bn from TWD7.66bn. Revenue in the 10M19 was up 6.8 per cent to TWD73.23bn. Universal Cement Corp noted a 10.1 per cent improvement in revenue for October 2019, wh...

Taiwan's Asia Cement joins WCA

16 October 2019, Published under Cement News

Asia Cement of Taiwan has joined the World Cement Association (WCA) as a corporate member. Asia Cement produces 5Mta of cement from its three cement plants in Hsinchu, Hualien and NanHwa, Taiwan. In addition the company operates storage and transportation facilities in Keelung, Taichung, Kaohsiung and Hualien harbours to lower its transportation costs. "As a prominent Taiwanese cement group that shares the WCA's vision of tackling environmental issues together, we are very pleased to be joi...

Hsing Ta Cement records 22% revenue increase for August

10 September 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has seen a 21.6 per cent YoY increase in revenue to TWD727.86m (US$23.3m) for August 2019, compared with TWD598.65m in the year-ago period. In the first eight months of the year, the company recorded a 21.7 per cent YoY advance in revenue to TWD4.89bn from TWD4.02bn.

Taiwan Cement Corp records 6% decline in revenue

14 August 2019, Published under Cement News

Taiwan Cement Corp has announced a 5.9 per cent YoY fall in revenue for the second quarter of 2019, falling to TWD31.36bn (US$1bn) from TWD33.32bn. Pretax profit saw a decline of five per cent to TWD9.33bn, while net profit rose 2.3 per cent to TWD7.23bn from TWD7.06bn.

Asia Cement Corp's Taroko mining rights repealed

12 July 2019, Published under Cement News

The Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Taroko residents responded by filing a lawsuit against the MOEA and ACC. The court ruled for the reside...

Taiwan Cement Co sets CO2 capture targets

12 June 2019, Published under Cement News

Taiwan Cement Co (TCC) has committed a budget of TWD600m (US$19.1m) to expand its carbon capture utilisation and storage (CCUS) technology this year. By 2025 the company estimates that it will capture approximately 450,000t of CO 2 per year. TCC's eventual aim is to reach zero CO 2 emissions from its industrial facilities. TCC's vision is to make CO 2 capture a mature technology, which can both mitigate global warming and add value to the carbon circular economy. The company is developin...

Chia Hsin Cement Corp posts 21% fall in revenues in May

11 June 2019, Published under Cement News

Chia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18.

Taiwanese producers report positive May results

10 June 2019, Published under Cement News

Taiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn.

Asia Cement Corp announces 54% rise in net income

21 May 2019, Published under Cement News

Taiwan’s Asia Cement Corp saw a 54.4 per cent surge in net income for the first quarter of 2019 at TWD2.93bn (US$93.6m). Analysts has claimed that the results were mainly due to a strong cement business in China and non-operating income from its investments in other affiliates of its parent company, Far Eastern Group, according to the Taipei Times. Consolidated revenue in the first four months of 2019 increased 17.1 per cent YoY to TWD27.83bn. The company has stated that it was still p...