Cement News tagged under: Taiwan

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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.

Taiwanese producers record positive August results

10 September 2018, Published under Cement News

Taiwan’s Asia Cement Corp has reported a 31.7 per cent YoY increase in revenue to TWD7.18bn (US$232.9m) for August 2018, alongside a 34.6 per cent rise in Jan-Aug revenue to TWD53.21bn. Elsewhere in the country, Taiwan Cement Corp noted a 54 per cent YoY surge in August revenue to TWD10.7bn from TWD6.95bn. In the Jan-Aug period, revenue reached TWD79.22bn from TWD60.88bn. Furthermore, Hsing Ta Cement saw August revenue up 22.8 per cent to TWD598.64m and Jan-Aug revenue advance 24.9 per ...

Hsing Ta Cement reports stable net profit

14 August 2018, Published under Cement News

Taiwanese cement producer Hsing Ta Cement saw its revenues advance 29.7 per cent to TWD1.748bn (US$56.8m) in the 2Q18 from TWD1.348bn in the year-ago period. Pretax profit more than doubled from TWD206.304m in the 2Q17 to TWD440.058m one year later. The company’s net profit remained largely stable at TWD125.366m (2Q17: TWD126.441m).

Asia Cement Corp sees 167% rise in 2Q net profit

14 August 2018, Published under Cement News

Taiwan's Asia Cement reported a 37.6 per cent increase in revenues to TWD22.425bn (US$728.2m) in the April-June 2018 quarter from TWD16.298bn in 2Q17. Pretax profit was up by 174.9 per cent from TWD2.469bn in the 2Q17 to TWD6.788bn in 2Q18 while net profit surged by 167.9 per cent to TWD4.33bn in the 2Q18 from TWD1.616bn in the year-ago period.

Chia Hsin Cement Corp profit surges in 2Q18

13 August 2018, Published under Cement News

Chia Hsin Cement Corp reported a rise of 15 per cent in its revenues for the 2Q18 to TWD529.67m (US$17.2m) from TWD460.547m. Pretax profits increased from TWD28.99m in 2Q17 to TWD265.4m one year later while net profits soared from TWD10.59m to TWD246.811m over the same period.

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 cement industry records sales surge in May

14 June 2018, Published under Cement News

The Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21.1bn (US$701.98m) on the back of rising demand from China, according to data complied by the TWSE.

Chia Hsin Cement records net profit

14 May 2018, Published under Cement News

Taiwan's Chia Hsin Cement Corp has reported a 21.3 per cent YoY drop in revenue for the first quarter of 2018, falling to TWD471.26m (US$15.8m) from TWD598.48m. However, the company also announced a net profit of TWD152.31m, compared to a net loss of TWD111.32m in the year-ago period.

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...