Cement News tagged under: Taiwan Cement Company

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Taiwan Cement reports net profits of US$580.9m in 9M19

19 November 2019, Published under Cement News

Taiwan Cement's net profit last quarter rose 10.17 per cent annually to NT$6.54bn (US$214.4m). Net profit in 9M19 increased by 11.14 per cent to NT$17.72bn (US$580.9m), a company record. Taiwan Cement put the strong results down to stable cement prices and a stronger contribution from the company’s coal-fired Ho-Ping power plant in Hualien on the back of falling coal prices. However, revenue declined 3.51 per cent to NT$87.56bn during the January-to-September period. TCC President, John Li...

Taiwan Cement's shipping subsidiary orders bulk carriers

17 September 2019, Published under Cement News

Taiwan Cement has announced that its shipping subsidiary, Ta-ho Maritime, has placed an order at Japanese yard Sumitomo Heavy Industries for three 84,200dwt kamsarmax bulk carriers. The shipbuilding contract comprises a firm order for two ships at US$35m each and option for an additional ship. The company will decide on the execution of the option before 30 September 2019. The new ships will be used to transport coal for Taiwan Cement and chartering operations. Ta-ho Maritime currentl...

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...

Taiwan Cement reassures customers on its raw material quality

31 January 2019, Published under Cement News

Taiwan Cement came under pressure to reassure customers that the company's products meet quality safety standards after former Hualien County Council speaker Lai Chin-kun was charged with fraud for supplying raw materials mixed with industrial waste between 2010-15. Lai's family operates Wen Hao Co, Jian Dong Mining Co and several other companies in Hualien County that are mainly involved in mining and quarrying raw materials. The company, which also operates a soil and earth materials dump...

Taiwan Cement posts record quarterly profits

13 August 2018, Published under Cement News

Taiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin...

Taiwanese giants profit on mainland China

08 May 2018, Published under Cement News

This week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan cong...

Taiwanese giants profit on mainland China

04 May 2018, Published under Cement News

This week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan conglomer...

Taiwan cement producers forecast profits from Chinese operations

01 May 2018, Published under Cement News

Taiwan and Asia Cement are expecting to experience a profitable year, on the back of price hike in China and increasing pressure on cement manufacturers on the mainland who cannot meet Bejing's stricter environmental regulations. Taiwan Cement Corp is forecast to generate net profit of TWD16.48bn (US$556.1m) for the whole of this year, a 117 per cent surge from TWD7.6bn last year, Taishin Securities Investment Advisory Co said. Taiwan Cement's revenue is forecast to grow 21.6 per cent a...

Taiwan Cement to expand its microalgae farm

20 July 2016, Published under Cement News

Taiwan Cement Corp yesterday announced plans to expand its microalgae farm, which produces astaxanthin, a key ingredient in high-priced skincare products. Not only would the expanded microalgae farm produce astaxanthin, it would decrease CO 2 levels by 4800tpa by using the Industrial Technology Research Institute (ITRI) and Taiwan Cements carbon capture technology, said Taiwan Cement Chairman, Leslie Koo. The company began developing carbon capture techniques in Taiwan with the I...

Taiwan Cement sales down 20.8% YoY in 2015

21 April 2016, Published under Cement News

Taiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe. During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to October-December 2014. In January-March 2016, the company's revenue stood at TWD17.73bn (US$548.08...