Cement News tagged under: Taiwan

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Taiwanese cement companies report positive results in 1Q19

10 April 2019, Published under Cement News

Taiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TWD313.093m in March 2019 from TWD314.84m in March 2018. January-March 2019 In the January-March 2...

Lucky Cement revenues slip 15% in February

08 March 2019, Published under Cement News

Taiwan-based Lucky Cement report revenues in February of TWD168.065m (US$5.4m), down 14.9 per cent when compared with TWD197.481m in February 2018. Revenues in the first two months of 2019 remained largely stable at TWD521.254m when compared with TWD517.821m in January-February 2018.

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 Corp sees 40% revenue hike in October

09 November 2018, Published under Cement News

Taiwan Cement Corp reported a 40.1 per cent surge in revenues in October to TWD11.753bn (US$381.9m) from TWD8.388bn in October 2017. Revenues advanced by 31.1 per cent to TWD101.411bn in the first 10 months of 2018 when compared with January-October 2017 revenues of TWD77.339bn.

Lucky Cement sees 16% YoY rise in October revenues

09 November 2018, Published under Cement News

Taiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17.

Hsing Ta Cement posts 32% rise in 10M revenues

09 November 2018, Published under Cement News

Taiwan’s Hsing Ta Cement reported a 93.3 per cent YoY increase in revenues to TWD729.87m (US$23.7m) in October 2018 from TWD377.596m in the year-ago period. For the first 10 months, revenues rose by 32.2 per cent to TWD5.447bn in 10M18 from TWD4.121bn in January-October 2017.

A new wave of Asian overseas expansion?

02 November 2018, Published under Cement News

This week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t...

Taiwan Cement to invest US$1.1bn in new joint venture

30 October 2018, Published under Cement News

Taiwan Cement announced it will spend US$1.1bn to create a joint venture with Turkey’s OYAK in The Netherlands, via a newly-created subsidiary, Dutch TCC Holdings. Taiwan Cement will hold 40 per cent of shares in the joint venture with OYAK holding 60 per cent. Through the JV, Taiwan Cement aims to increase its visibility in the European market at a time when the Chinese market is cooling.

Hsing Ta Cement's revenue up 33% in September

09 October 2018, Published under Cement News

Taiwanese cement manufacturer Hsing Ta Cement has recorded a 32.6 per cent YoY surge in revenue for September 2018, rising to TWD690.78m (US$22.30m) from TWD521.03m. In the first nine months of 2018, the company has seen a 26 per cent increase in revenue to TWD4.71bn, compared with TWD3.74bn of the year-ago period.

Taiwan Cement continues talks with Sanko Holding

17 September 2018, Published under Cement News

Taiwan Cement Corp (TCC) has announced that it and Sanko Holding AS has signed a memorandum of understanding and a confidentiality clause regarding the company’s intention to invest in the Turkish group. Talks about the strategic partnership are expected to continue until a definitive contract is signed. Taiwan Cement has previously noted its interest in the Turkish cement industry, which would be the company’s first move into the European market.