Cement News tagged under: Taiwan

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Indonesia: Indocement cuts production by 1Mt

10 August 2016, Published under Cement News

PT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels. The fall in cement sales in the country resulted in Indocement seeing its domestic sales volume drop 3.7 per cent to 7.9Mt QoQ in 2Q16. However, exports for the company increased by 190,000t when compared to the same period last year. President Director of Indocement, Christian Kartawijaya, said, “we supply a lot of pr...

Taiwan Cement sales down 20.8% YoY in 2015

21 April 2016, Published under Cement News

Taiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe. During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to October-December 2014. In January-March 2016, the company's revenue stood at TWD17.73bn (US$548.08...

TCC warns on full-year net loss

08 January 2016, Published under Cement News

TCC International Holdings Ltd said it expects to swing to a net loss for 2015 from a net profit of HKD2.05bn (US$264.5m) in the previous year. The cement producer said the expected loss was due to a 26 per cent decline in the average selling price of its cement products and a weakening Chinese yuan against the US dollar during the year. The company said it will publish its full-year results in March. (Source: Dow Jones Newswires)

Asia Cement still chasing full control of Shanshui Cement

14 August 2015, Published under Cement News

Asia Cement plans to raise convertible debt to gain full control of China Shanshui Cement. In a filing to the Taiwan Stock Exchange, the group said it hopes to raise US$400m from a zero-coupon issue, its first equity-linked deal in just over two years. This will fund its proposed takeover of Shanshui in which it owns a 20.9 per cent stake. On Wednesday Asia Cement and state-owned China National Building Material (CNBM) announced a joint conditional cash offer to purchase all the outstanding...

TCC International to raise HK$3.63bn in rights issue

02 June 2015, Published under Cement News

TCC International Holdings Ltd is seeking to raise HKD3.63bn (US$468m) in a rights issue to fund acquisitions and for general working capital. The company said Monday it plans to sell up to 1.65 billion rights shares at HK$2.2 each in the proportion of one rights share for every two existing shares held. The offer price represents a 25.17 per cent discount to its latest trading price of HK$2.94 before it halted trading Monday. The company resumed trading today.

Bangladesh, Indonesia, Philippines top Vietnamese importers in first four months

26 May 2015, Published under Cement News

Bangladesh, Indonesia, the Philippines and Taiwan remained among major importers of Vietnamese clinker and cement in the first four months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 2.62Mt of cement worth US$100.24m from Vietnam in the period, while Indonesia came second with 937,982t worth US$42.39m and the Philippines ranked third with 468,419t worth US$18.43m. Following on, Taiwan consumed 346,396t worth US$14.81m and Ma...

Bangladesh, Indonesia and Taiwan remain Vietnam's top importers

12 May 2015, Published under Cement News

Bangladesh, Indonesia and Taiwan remained among the largest importers of Vietnamese clinker and cement in the first quarter of this year, according to the Vietnamese Ministry of Industry and Trade. Bangladesh accounted for the largest amount with 1.83Mt of cement worth US$70.13m, followed by Indonesia with 828,317t worth US$37.1m and Taiwan ranked third with 272,396t worth US$11.71m. Next in line was the Philippines with 239,900t worth US$9.46m, and Laos with 115,701t worth US$9.28m. ...

Bangladesh, Indonesia and Taiwan top Vietnamese importers

23 March 2015, Published under Cement News

Bangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade said. Bangladesh took the lead after importing 1.12Mt of cement worth US$43.19m from Vietnam in the period, while Indonesia came second with 559,188t worth US$27.2m and Taiwan ranked third with 170,296t worth US$7.39m. Next in line were the Philippines followed with 157,200t worth US$6.17m, and Laos with 59,255t wort...

Indonesia, Malaysia and Taiwan top Vietnam export table

12 November 2014, Published under Cement News

Indonesia, Malaysia and Taiwan were the largest importers of Vietnamese clinker and cement in the first nine months of this year, according to data released by the Vietnamese Ministry of Industry and Trade. During the period, Indonesia imported 1.76Mt of clinker and cement worth US$83m from Vietnam, while Malaysia acquired 1.05Mt worth US$52m and Taiwan purchased 969,678t worth US$41.7m. Following on were the Philippines with 816,060t worth US$31.2m and Cambodia with 389,373t worth US$2...

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...