Cement News tagged under: Taiwan

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TCC confident on fourth-quarter revenue boost

19 August 2014, Published under Cement News

Taiwan Cement Corp (TCC) said it expects revenue to rise by 13 per cent in the second half of this year from TWD58.59bn (US$1.96bn) in the first half due to an anticipated rise in sales in the fourth quarter. The company expects revenue this quarter to be between the TWD28.67bn it reported in the first quarter and TWD31.87bn in the second quarter. Revenue for the final three months of the year is forecast to be TWD34.21bn. Cement prices and shipments traditionally start rising at the en...

Taiwan Cement acquisition deal rejected

08 May 2014, Published under Cement News

Shares of Taiwan Cement Corp (TCC) moved lower on Wednesday after Chia Hsin Cement Corp rejected a deal in which TCC would have acquired all of TCC International Holdings Ltd's outstanding shares, dealers said. TCC owns a majority stake in TCC International Holdings Ltd. Currently, Chia Hsin Cement holds a 15.8 per cent stake in Hong Kong-listed TCC International Holdings and the rejection of the acquisition deal could hamper TCC's efforts to fully bring the unit under its corporate umbrell...

Taiwan Cement sees 28.81% jump in net profit

01 April 2014, Published under Cement News

Taiwan Cement posted a record TWD10.03bn (US$330m) in net profit last year, up 28.81 per cent from a year earlier, the company said in a statement on Monday. Consolidated sales for 2013 rose 2.11 per cent YoY to about NT$116.10bn, while its gross margin rose about four percentage points from a year earlier to 19.66 per cent. The company's strong sales in China were reflected in the 2013 results of subsidiary TCC International Holdings Ltd, which posted a 14.7 per cent annual increase in ...

TCC retains top six slot in China

07 January 2014, Published under Cement News

Taiwan Cement Corp (TCC), one of Taiwan's top cement manufacturers, has retained its position as China’s sixth largest cement producer by capacity. Last year, Taiwan Cement had production capacity of 55.27Mt in China, up 2.06 per cent from a year earlier when it also ranked sixth, according to statistics released by China Cement Net on Friday. The company was  the third largest supplier in southern China with capacity of 21.08Mt, trailing only China Resources (Holdings) Co and Anhui Conch ...

Fajar Group/Taiwanese Indonesian joint venture project

30 December 2013, Published under Cement News

The Fajar Group is to build a cement factory in Barru, South Sulawesi, in collaboration with a Taiwanese firm, Indonesian press have reported. The 10,000tpd plant will be 80-per cent owned by the undisclosed Taiwanese company, Antara News quoted Fajar Group founder Alwi Hamu as saying.   Hamu added that land clearance has been undertaken for the new plant and construction is expected to begin following Indonesia's legislative and presidential elections next year. He said the IDR7trn invest...

TCC International receives buyout bid

28 November 2013, Published under Cement News

TCC International Holdings said it received a buyout offer from its parent company Taiwan Cement Corp. Taiwan Cement currently holds a 56.5 per cent stake in TCC International Holdings. The proposed deal is valued at HKD5.59bn (US$721m), according to Bloomberg. The deal will allow Taiwan Cement to book the full profits of the Hong Kong unit, TCC International Holdings Ltd, which has a major production base in China and is benefiting from rising product prices there, analysts said.

TCC expects sales increase in China and Taiwan

04 September 2013, Published under Cement News

Taiwan Cement Co (TCC) said it expects shipments to China to increase by double-digits this year due to strong infrastructure demand while domestic shipments are also forecast to advance. Shipments to China are forecast to increase by 10-15 per cent this year from 39.7Mt in 2012 to 45-46Mt this year, the Tapei Times reported Taiwan Cement’s senior vice president Edward Huang saying during an investors conference. Closure of obsolete and backward cement capacity in China due to more stringe...

TCC International expects profits to double in 1H13

10 July 2013, Published under Cement News

TCC International expects to double net profit attributable to shareholders in the first half of this year compared to the same period of 2012. The increase is mainly attributed to the group’s improved operations in southwest China and a corresponding rise in its profit contribution during the period, ET Net News reports. The advanced profits are due to a increase sales and a significant improvement in gross profit margins.

Taiwan: construction halted on Lanyu cement plant

26 June 2013, Published under Cement News

Taiwan's Ministry of the Interior, the National Property Administration and the Council of Indigenous Peoples state that a plan to build a cement plant on Lanyu is likely to be illegal, despite the Taitung County Government’s and Lanyu Township Office’s insistence that they have completed all legal requirements for the project. “The Council of Indigenous Peoples has been closely following the controversy and at first, the county and the township governments told us that they were carrying ...

Asia Cement raises US$220m from sale of five-year bond

10 May 2013, Published under Cement News

Asia Cement has raised US$220m from the sale of a five-year, zero-coupon convertible bond which it plans to use to repay maturing bonds. Due to strong demand, the deal was upsized in full, or by 10 per cent. The transaction came after the Taiwanese company’s share price on Monday hit its highest close since December. It is the second US dollar CB out of Taiwan this year after Far Eastern International Bank raised US$150m from a zero-coupon deal in late January. The company plans...