Cement News tagged under: Taiwan Cement Company International

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Taiwan Cement to list GDRs on Luxembourg stock exchange

01 August 2018, Published under Cement News

Taiwan Cement Corp said Tuesday that it has issued US$549m-worth of global depositary receipts (GDRs). 

The GDRs, issued a day earlier, are scheduled to list on the Luxembourg stock exchange on 3 August, according to Taiwan Cement.

 The proceeds from the GDR sale will be used to invest in the company's subsidiaries overseas, which will help them repay part of their loans, while the funds will also be used to improve the company's financial structure, which is expected to lower its borro...

China: Taiwan Cement expects 2H16 pick up in demand

19 August 2016, Published under Cement News

Cement sales in China will pick up in the second half of the year, on the back of a recovering demand from infrastructure projects and residential building in the country, according to Taiwan Cement Corp. “We saw strong infrastructure spending in China supported cement demand in the first half, which is expected to continue growing for the rest of the year,” Taiwan Cement Senior Vice President, Edward Huang, told an investors’ conference in Taipei. In the first half of this year, the com...

Taiwan: ITRI to receive award for its HECLOT carbon capture technology

23 October 2014, Published under Cement News

Taiwan-based Industrial Technology Research Institute (ITRI) has introduced High Efficiency Calcium Looping Technology (HECLOT), a calcium looping technology developed to reduce carbon emissions from fossil power plants. HECLOT claims to be the first affordable and energy-efficient CO 2 capture solution, capable of achieving a capture rate of up to 90 per cent. ITRI will receive a 2014 R&D 100 Award in November for this breakthrough in the “Environmental Technologies” category. The technol...

Taiwan Cement acquisition deal rejected

08 May 2014, Published under Cement News

Shares of Taiwan Cement Corp (TCC) moved lower on Wednesday after Chia Hsin Cement Corp rejected a deal in which TCC would have acquired all of TCC International Holdings Ltd's outstanding shares, dealers said. TCC owns a majority stake in TCC International Holdings Ltd. Currently, Chia Hsin Cement holds a 15.8 per cent stake in Hong Kong-listed TCC International Holdings and the rejection of the acquisition deal could hamper TCC's efforts to fully bring the unit under its corporate umbrell...

Credit Suisse upgrades TCC’s earnings outlook

13 September 2013, Published under Cement News

Credit Suisse has revised up its 2013 earnings by 48 per cent for Taiwan Cement Corp International (TCC) to reflect the upside risk in cement price and sales volume from Guangdong/Guangxi market (51 per cent of sales). Credit Suisse cited its sources suggesting that recent construction demand pick-up has been better in eastern/southern region versus potentially disappointing demand in other regions, likely driven by property and local government infrastructure construction. It expects t...

Taiwan Cement operating at full rate, China

14 March 2013, Published under Cement News

Taiwan Cement Corp (TCC) is operating at full utilisation rates in China due to increased demand, the company has said. TCC said that workers have returned to construction sites across the country following the Lunar Year holiday and projects are expected to gather speed, stated reports in the Liberty Times. A recent product price recovery also shows a tighter supply of cement in China, TCC said, adding that the price rebound is expected to continue. Currently, the company operates in...

TCC International issues profit warning

07 February 2013, Published under Cement News

TCC International Holdings Ltd could be facing a 60 per cent drop in 2012 profit due to slowing demand and pricing pressures in China. The company, a subsidiary of Taiwan Cement, filed a profit warning to the Hong Kong Stock Exchange, forecasting that full-year 2012 net profit could drop significantly due to a supply glut and a decline in Chinese cement prices. TCC operates in several provinces in China including Guangdong, Fujian and Anhui. TCC said in a statement that in the first ha...

SINOMA accelerates southwest expansion with Taiwan Cement

10 January 2013, Published under Cement News

China National Materials Group Corporation Ltd (SINOMA) and Taiwan Cement Corporation recently inked agreement in Hong Kong for strategic cooperation. Both sides will exchange information, boost regional production capacity, share technology and experience, make full advantage of Taiwan Cement's involvement in waste treatment, green mining and exploration, CO2 capture, micro-algae carbon fixation and development of a green cement industry. Besides, they will also share products and servic...

China quarry blast death toll rises

29 August 2012, Published under Cement News

The death toll from a quarry blast at a south China cement factory earlier this week has risen to 10 while 18 other have been confirmed injured, local authorites have said. The blast occurred on Monday afternoon at the Longshan Cement Company in Yingde, Guangdong province, Xinhua news agency reported . The blast has resulted in the death of eight of the company’s workers, a driver from an explosive sales company and a security guard, Liu Weirong, spokesperson of the Yingde municipal g...

Taiwan Cement and Asia Cement’s Chinese profits fall

22 August 2012, Published under Cement News

Decreasing cement prices and shrinking infrastructural work in China has impacted the profits of Taiwan Cement Co (TCC) and Asia Cement, two Taiwan-based cement makers operating in China. Taiwan Cement International Holdings Ltd, a subsidiary of TCC, posted 70.4 per cent YoY net profit decline to HKD269m (US$8.97m) in the first half, while Asia Cement (China) Holdings Co, an affiliate of Asia Cement, saw profits drop 81 per cent to CNY122m (US$19.154m). A representative of TCC pointed ...