Cement News tagged under: earthquake
Fitch Ratings expects Taiwan Cement to maintain credit profile after earthquake12 April 2024, Published under Cement NewsThe BBB-/Stable credit profile of Taiwan Cement Corp (TCC) is unlikely to be affected by the equipment damage and operational disruption caused by the 3 April 2024 earthquake in eastern Taiwan, according to Fitch Ratings. Repairment costs and lost revenue in relation to the earthquake should not damage TCC's financial profile, as the amounts are immaterial relative to TCC's EBITDA of TWD20bn (US$619.7m) and TWD126bn of cash on hand as of end-2023. The company's preliminary assessment esti... |
The tsunami-hit cement plant19 August 2013, Published under Cement NewsNatural disasters can happen at any time and anywhere in the world in an instant with devastating consequences and huge loss of life. There is little anyone can do to limit the impact of such occurrences, which are unpredictable and outside of human control. So when these phenomena strike a community and impact everyday life, the entire structure of one’s existence can be redefined in a split second. Such was the impact of the tsunami which hit Japan in 2011 and destroyed much of Fukushima a... |
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