Cement News tagged under: Taiwan

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Asia Cement to purchase additional stake in Chiahui Power

11 September 2020, Published under Cement News

Japan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in  Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The share sale is subject to the approval of Taiwan’s authorities. Asia Cement, by purchasing the 39.97 per cent share, will raise its stake in Chiahui Power to 99.7 per cent. J-Power initially acquired the Chiahui Power shares from Asia Cement in 2002 and invested around JPY8bn (US$7m) into the firm, making it its lar...

Taiwan's producers see decline in August revenue

10 September 2020, Published under Cement News

Taiwan’s Universal Cement Corp has reported a 3.5 per cent YoY decline in August revenue to TWD366.9m (US$12.5m), against TWD380.4m in the same month of 2019. However, in the January-August 2020 period, the company posted an 8.7 per cent YoY rise in revenue to TWD3.44bn from TWD3.16bn. Elsewhere, Hsing Ta Cement saw a 14 per cent fall in August 2020 revenue to TWD625.7m from TWD727.9m last year. In the first eight months of the year, revenue dipped 7.4 per cent YoY to TWD4.54bn.

Lucky Cement posts 23% rise in August revenue

09 September 2020, Published under Cement News

Taiwan’s Lucky Cement has announced a 22.9 per cent YoY rise in August revenue to TWD366.8m (US$12.5m) from TWD298.5m in the same month of 2019. In the first eight months of 2020, the company posted a 26.9 per cent YoY advance in revenue to TWD2.98bn from TWD2.3bn.

Taiwan Cement to provide carbon footprint labels on cement in 4Q20

07 September 2020, Published under Cement News

Taiwan Cement Corp (TCC) has taken a leap forward in its efforts to reduce its carbon emissions by providing the first carbon footprint label for cement in Taiwan. TCC's products will be marked with carbon footprint labels as soon as the 4Q20. At the same time, TCC announced support for Global Cement and Concrete Association (GCCA) "2050 Climate Ambition" statement to continue lowering the carbon footprint of cement and ready-mix concrete products, and aims to deliver carbon-neutral concrete...

Lucky Cement sees 23% increase in July revenue

11 August 2020, Published under Cement News

Taiwan’s Lucky Cement has seen its revenue climb 22.6 per cent YoY to TWD384m (US$13.05m) in July 2020, against TWD313.2m last year. In the January-July period, revenue advanced 27.4 per cent YoY to TWD2.61bn from TWD2.05bn.

Hsing Ta Cement records 10% rise in revenue for July

11 August 2020, Published under Cement News

Taiwan’s Hsing Ta Cement saw a 9.8 per cent YoY increase in revenue to TWD656.18m (US$22.3m) in July 2020, compared with TWD597.88m in the year-ago period. In the first seven months of the year, revenue declined 6.2 per cent YoY to TWD3.9bn from TWD4.17bn.

Taiwan Cement Corp announces 3% revenue decline in July

07 August 2020, Published under Cement News

Taiwan Cement Corp has seen a three per cent YoY decline in revenue for July 2020, falling to TWD10.18bn (US$346m) from TWD10.49bn in July 2019. In the first seven months of 2020, revenue has decreased 6.8 per cent YoY to TWD62.6bn from TWD67.2bn.

Taiwan's producers report positive June results

10 July 2020, Published under Cement News

Taiwan’s Universal Cement Corp has reported a 28.2 per cent YoY rise in its revenue to TWD453.56m (US$15.39m) for June 2020, compared to TWD353.93m in the year-ago period. In the first half of the year, the company saw revenue increase 8.8 per cent to TWD2.59bn. Elsewhere, Chia Hsin Cement Corp saw a 27.5 per cent advance in revenue to TWD166.77m from TWD130.82m in June 2019. In the 1H20, revenue climbed 11.4 per cent YoY to TWD992.3m. In June 2020 Taiwan Cement Corp noted that its revenu...

Lucky Cement sees 33% rise in June revenue

09 July 2020, Published under Cement News

Taiwan’s Lucky Cement has posted a 32.6 per cent rise in revenue to TWD360.6m (US$12.25m) for June 2020, compared to TWD272m in the year-ago period. In the first six months of the year, revenue advanced 28.3 per cent YoY to TWD2.23bn from TWD1.74bn.

Taiwan's cement producers see mixed results in May

10 June 2020, Published under Cement News

Taiwan Cement Corp has reported a 5.7 per cent YoY fall in revenue to TWD10.29bn (US$347.6m) for May 2020, compared with TWD10.9bn in the same month last year. In the first five months of the year, revenue declined 9.3 per cent to TWD42.48bn from TWD46.86bn. Elsewhere, Universal Cement Corp saw its revenue for the month down 4.3 per cent to TWD403.1m from TWD421.3m in May 2019. However, in the 5M20 revenue advanced 5.5 per cent YoY to TWD2.14bn. In May 2020, Lucky Cement’s revenue increas...