Cement News tagged under: Taiwan Cement Corp

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Asia Cement posts TWD59bn revenue in 8M22

09 September 2022, Published under Cement News

Taiwan-based Asia Cement Corp reported a 1.7 per cent drop in revenues to TWD7.069bn (US$228.5m) in August 2022 when compared with the TWD7.193bn posted in August 2021. In the first eight months of 2022 revenues saw a 8.1 per cent YoY advance from TWD54.657bn to TWD59.103bn.

Taiwan Cement and Chia Hsin see June revenue increase

13 July 2022, Published under Cement News

Taiwan Cement Corp reported a 7.8 per cent increase in revenue to TWD9145.989m (US$306.5m) in June 2022 from TWD8480.821m in June 2021. However, in the first half of 2022 the company’s revenue slipped 3.8 per cent to TWD48,144.732m from TWD50,023.365m. Chia Hsin Cement’ s revenue increased 8.5 per cent to TWD183.177m in June 2022 from TWD168.756m in June 2021. In the first six months of 2022 Chia Hsin’s revenue slipped from 1094.913m in the 6M21 to TWD1027.363m.

Taiwan Cement shifts focus to green energy and waste

27 May 2022, Published under Cement News

Taiwan Cement Corp (TCC) saw its cement revenue on mainland China fall by 7.8 per cent YoY in the opening quarter of 2022 with the sales volume over the same period contracting by 24.1 per cent, according to Nelson Chang, chairman of TCC, speaking at the company’s annual general meeting on 26 May, 2022. Cement prices in the 1Q22 improved by 18 per cent, but this did little to offset the 195 per cent YoY uptick in the international coal price. However, consolidated revenue advanced by four ...

Taiwan Cement posts 31% rise in February revenue

14 March 2022, Published under Cement News

Taiwan Cement Corp reported a revenue of TWD5456m (US$192.1m), up 30.7 per cent YoY when compared with TWD4173m in February 2021. For the 2M22 the company’s revenue increased 5.8 per cent to TWD12,974m from TWD12,258m.

Taiwan Cement and Asia Cement report fall in January revenues

24 February 2022, Published under Cement News

In January 2022 Taiwan Cement Corp reported revenues of TWD7517.896m (US$269.6m), down by seven per cent from TWD8084.465m in January 2021. Asia Cement Corp ’s revenues slipped 0.2 per cent to TWD7420.726m in January 2022 from TWD7436.331m in the equivalent period of the previous year.

Taiwan Cement Corp invests TWD22.3bn in renewable energy

05 October 2021, Published under Cement News

Taiwan Cement Corp (TCC) has approved three major renewable energy investments, representing a total value of TWD22.3bn (US$799.4m). The company will invest TWD5.5bn on installing large storage systems at its Su’ao plant in Yilan and its Hoping unit in Hualien – resulting in the largest in Taiwan when combined. A 100MW/250MWh storage system will be built at Hoping, representing an investment of TWD4bn. At Su’ao a 35MW/87.5MWh storage system will be built in multiple phases and at a cost of...

Taiwan Cement Corp completes majority acquisition of Engie EPS

21 July 2021, Published under Cement News

Taiwan Cement Corp has finalised the acquisition of a 60.48 per cent share of Italy-based energy storage company Engie EPS SA on 20 July 2021, at a price of EUR17.10 per share and a total investment of EUR132m. The new company name, New Horizons Ahead (NHOA), also came into effect. According to Bloomberg New Energy Finance (BNEF), after the acquisition of NHOA, TCC will be in fourth place in global energy storage power output and become a major supplier of high-end electric vehicle (EV) c...

Taiwan Cement Corp reports 5% rise in revenue

09 March 2021, Published under Cement News

Taiwan Cement Corp has reported a 9.3 per cent YoY decline in revenue to TWD4.54bn (US$160.19m) for February 2021, compared with TWD5bn in the year-ago period. In the first two months of the year, revenue advanced five per cent YoY to TWD13.13bn from TWD12.5bn in the 2M20.

Taiwan's producers see fall in November revenue

10 December 2020, Published under Cement News

Taiwan Cement Corp has reported a 6.8 per cent YoY decline in revenue for November to TWD10.89bn (US$385.81m) from TWD11.68bn in the year-ago period. In the January-November period, revenue fell 6.4 per cent YoY to TWD103.4bn. Elsewhere in the country, Asia Cement Corp’s revenue was down one per cent to TWD7.92bn from TWD8bn in November 2019. In the first 11 months of the year, revenue fell 13.9 per cent YoY to TWD69.9bn from TWD81.2bn. Hsing Ta Cement also posted a 17.4 per cent dip i...

Taiwan Cement Corp sees revenue rise 3% in the 3Q20

20 November 2020, Published under Cement News

Taiwan Cement Corp has announced a three per cent YoY rise in revenue to TWD29.8bn (US$1.04bn) for the third quarter of 2020. Its net income also reached TWD7.4bn, up 14 per cent YoY. In the first nine months of the year, revenue decreased six per cent YoY to TWD82.2bn while net income increased four per cent to TWD18.4bn. "Fourth quarter is the traditional peak season for the cement market and we remain optimistic about our performance," said Edward Huang, senior vice president, Taiwa...