Cement News tagged under: Taiwan

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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...

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...

Asia Cement invests in green wind energy

20 March 2018, Published under Cement News

Asia Cement Corp announced yesterday that the company is partnering with Copenhagen Infrastructure Partners (CIP) to develop an offshore wind farm that could be in operation before the end of 2020. The TWD60bn (US$2.05bn) Hsinchu Offshore Wind Power Project is a 450MW off the Taiwan coast. Asia Cement President, Kun-Yen Lee, said, the cement producer would cover TWD20bn-30bn of the development costs, in line with the 20-30 per cent self-financing ratio of most wind projects. The loc...

Chia Hsin Cement Corp reports revenue decrease in February

12 March 2018, Published under Cement News

Taiwan-based Chia Hsin Cement Corp has announced its results for the Jan-Feb 2018 period, recording a 26 per cent YoY decrease in revenue from TWD404.17 (US$13.80m) to TWD297.68m. In February the company saw a 27 per cent fall in revenue to TWD125.59m from TWD171.51m of the year-ago period.

Universal Cement Corp reports revenue decrease in February

09 March 2018, Published under Cement News

Universal Cement Corp. has reported a decrease in revenue for the February 2018 period, falling 13 per cent to TWD268.12m (US$9.14m) from TWD308.36 of the year-ago period. However, the Jan-Feb revenue increased by eight per cent YoY from TWD672.2m to TWD728.6m.

Taiwan manufacturers see positive January

12 February 2018, Published under Cement News

Four of Taiwan's cement producers have reported positive results for January. Hsing Ta, Universal, Asia Cement Corp and Taiwan Cement Corp all saw revenues increase.   Hsing Ta Cement has announced its revenue results for the January 2018 period, which feature a 42.8 per cent rise to TWD475.4m (US$16.2m) from TWD333m in January 2017. Similarly, Universal Cement Corp has realised a 26.6 per cent YoY revenue increase from TWD363.8m to TWD460.4m for January 2018. In the same period, As...

Taiwan Cement plans to increase alternative fuel use

29 January 2018, Published under Cement News

Taiwan Cement Corp has announced plans to work with Beijing Orient Landscape & Environment Co Ltd to develop its involvement in the Chinese waste market, according to the Taipei Times. The company expects to work with waste management service provider Beijing Orient to bid on Chinese projects. Taiwan Cement is creating technologies which will enable it to use tyres, plastics and petrochemical wastes to replace coal. Presently, the company is able process 200tpd of hazardous waste at its pl...