Cement News tagged under: taiwan
Taiwan Cement Corp records 6% decline in revenue14 August 2019, Published under Cement NewsTaiwan Cement Corp has announced a 5.9 per cent YoY fall in revenue for the second quarter of 2019, falling to TWD31.36bn (US$1bn) from TWD33.32bn. Pretax profit saw a decline of five per cent to TWD9.33bn, while net profit rose 2.3 per cent to TWD7.23bn from TWD7.06bn. |
Asia Cement Corp's Taroko mining rights repealed12 July 2019, Published under Cement NewsThe Taipei High Administrative Court has repealed Asia Cement Corp’s (ACC) right to operate a cement mine located in Taroko National Park, Taiwan. This decision upheld an appeal from Taroko residents and falls against a Ministry of Economic Affairs (MOEA) decision to grant a 20-year extension of mining rights until 2037. After the extension of mining rights was granted in November 2016, Taroko residents responded by filing a lawsuit against the MOEA and ACC. The court ruled for the reside... |
Taiwan Cement Co sets CO2 capture targets12 June 2019, Published under Cement NewsTaiwan Cement Co (TCC) has committed a budget of TWD600m (US$19.1m) to expand its carbon capture utilisation and storage (CCUS) technology this year. By 2025 the company estimates that it will capture approximately 450,000t of CO 2 per year. TCC's eventual aim is to reach zero CO 2 emissions from its industrial facilities. TCC's vision is to make CO 2 capture a mature technology, which can both mitigate global warming and add value to the carbon circular economy. The company is developin... |
Chia Hsin Cement Corp posts 21% fall in revenues in May11 June 2019, Published under Cement NewsChia Hsin Cement Corp reported a 21.2 per cent decrease in revenues to TWD146.5m (US$4.67m) in May when compared with May 2018, when revenues reached TWD185.9m was posted. For the first five months of 2019, revenues declined by 8.2 per cent to TWD760m from TWD828m in the 5M18. |
Taiwanese producers report positive May results10 June 2019, Published under Cement NewsTaiwan’s Hsing Ta Cement has reported a 30 per cent YoY increase in revenue for May 2019, rising to TWD800.42m (US$25.4m) from TWD625.56m. In the first five months of the year, the company saw revenue advance 30.6 per cent to TWD2.91bn from TWD2.23bn. Meanwhile, Lucky Cement announced that its revenue was up 3.6 per cent to TWD305.28m in May, compared with TWD294.58m in the year-ago period. In Jan-May 2019, revenue increased 3.9 per cent to TWD1.46bn from TWD1.41bn. |
Asia Cement Corp announces 54% rise in net income21 May 2019, Published under Cement NewsTaiwan’s Asia Cement Corp saw a 54.4 per cent surge in net income for the first quarter of 2019 at TWD2.93bn (US$93.6m). Analysts has claimed that the results were mainly due to a strong cement business in China and non-operating income from its investments in other affiliates of its parent company, Far Eastern Group, according to the Taipei Times. Consolidated revenue in the first four months of 2019 increased 17.1 per cent YoY to TWD27.83bn. The company has stated that it was still p... |
Hsing Ta Cement sees 32% revenues hike in the 4M1910 May 2019, Published under Cement NewsTaiwan-based Hsing Ta Cement has reported a 38.2 per cent increase in revenues to TWD753.3m (US$24.3m) in April 2019 from TWD545.2m in April 2018. In the first four months of 2019, the cement producer saw revenues surge to TWD2.113bn, up 31.5 per cent from TWD1.607m in the 4M18. |
Taiwanese cement companies report positive results in 1Q1910 April 2019, Published under Cement NewsTaiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TWD313.093m in March 2019 from TWD314.84m in March 2018. January-March 2019 In the January-March 2... |
Lucky Cement revenues slip 15% in February08 March 2019, Published under Cement NewsTaiwan-based Lucky Cement report revenues in February of TWD168.065m (US$5.4m), down 14.9 per cent when compared with TWD197.481m in February 2018. Revenues in the first two months of 2019 remained largely stable at TWD521.254m when compared with TWD517.821m in January-February 2018. |
Taiwan Cement reassures customers on its raw material quality31 January 2019, Published under Cement NewsTaiwan Cement came under pressure to reassure customers that the company's products meet quality safety standards after former Hualien County Council speaker Lai Chin-kun was charged with fraud for supplying raw materials mixed with industrial waste between 2010-15. Lai's family operates Wen Hao Co, Jian Dong Mining Co and several other companies in Hualien County that are mainly involved in mining and quarrying raw materials. The company, which also operates a soil and earth materials dump... |