A change in direction for Taiwanese cement producers
Taiwan's cement sector saw tremendous growth in 2020, after the country acted rapidly and very successfully to contain the COVID-19 pandemic. Cement consumption rose from 9.48M...
Asia Cement
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Asia Cement to purchase additional stake in Chiahui Power
Japan-based Electric Power Development Co, also known as J-Power, is planning to sell its entire stake in Chiahui Power to Taiwan’s Asia Cement for TWD5.37bn (US$183m). The...
Asia Cement Corp sees 32% decline in revenue
Taiwan’s Asia Cement Corp has posted a 32.2 per cent decline in revenue to TWD13.14bn (US$439.2m) in the first quarter of 2020, compared with TWD19.39bn in the year-ago period....
Asia Cement launches 25kg bags
Asia Cement has started the production of cement in 25kg bags, according to Esmerk Russian News. The smaller pack size is suitable for small construction works and minor repair...
Asia Cement records 83% revenue surge in 2018
South Korea’s Asia Cement has announced a 82.8 per cent YoY increase in revenue in its preliminary unaudited results for the 2018 period, rising to KRW843.3bn (US$754.1m) from ...
Asia Cement Corp sees 167% rise in 2Q net profit
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...
Taiwan cement producers forecast profits from Chinese operations
Taiwan and Asia Cement are expecting to experience a profitable year, on the back of price hike in China and increasing pressure on cement manufacturers on the mainland who can...
Asia Cement invests in green wind energy
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 be...
Restructuring to re-energise South Korean market
South Korea's cement market took a further step towards consolidation this week when Asia Cement acquired Halla Cement for US$723m. This added 7.6Mta to Asia Cement's capacit...
Asia Cement acquires Halla Cement
Hong Kong-based Baring Private Equity Asia (BPEA) has sold Halla Cement, a South Korean cement producer, to Asia Cement for US$723m. Halla Cement, formerly known as Lafarge ...