Cement News tagged under: taiwan
New South Sulawesi cement plant planned, Indonesia31 August 2012, Published under Cement NewsA new cement plant is being planed in Barru, South Sulawesi involving an investment of US$400m, according to executive director of the PT Fajar Semen Baru project, James Martin. According to Indonesian press reports, the venture will involve participation from two cement companies in German and Taiwan and funding is to be sourced from a local consortium of banks. The cement plant is slated to have a capacity of 3.3Mta and, once operational, will serve eastern Indonesia. |
Taiwan Cement to invest in strengthening position in China30 August 2012, Published under Cement NewsTaiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. Chairman, Leslie Koo, said TCC’s investment this year will focus on second-phase plant construction in Anshun, Guizhou province in China, Taiwan Economic News reported. While Chinese cement demand has lagged of late due to the effects of the European sovereign debt crisis and domestic macroeconomic controls, Koo hig... |
Macquarie lowers TCC Int’l price target, Taiwan17 July 2012, Published under Cement NewsInvestment bank Macquarie has lowered its target price for Taiwan Cement Company (TCC) International to HK$2.4 from HK$4.2, and maintained its "outperform" rating. The house cut its earnings forecasts by 43 and 37 per cent for 2012/13 to reflect lower sales volume and lower-than-expected cement prices. TCC issued profit warning on 4 July, indicating that profits would decline more than 50 per cent YoY. Macquarie said this is not a surprise, as it has been expecting a 72 per cent YoY earnin... |
Asia Cement to build plant in Northern China22 June 2012, Published under Cement NewsAsia Cement has announced plans to build a new plant 10Mta plant in Handan, Hebei province, marking the Taiwan-based producer’s first foray into the North China Market. Taiwan Economic News reported Asia Cement vice chairman, TS Chang , as saying that the new plant will have a capacity of 10Mta, comprising two kiln lines, and will be operational by 2015. The project is expected to cost TWD20bn (US$670m). Currently, Asia Cement’s investments in China are concentrated in the central and ... |
Taiwan Cement: cautiously optimistic on second-half prospects22 June 2012, Published under Cement NewsThe implementation of various infrastructure projects in Taiwan is expected to help improved market conditions in the second half of this year, the head of the country's leading producer has said. Chairman of Taiwan Cement Corp, Koo Cheng-yun, said during a recent shareholders' meeting that he is cautiously optimistic on the industry’s second half outlook due to various factors. “Taiwan industries will walk out of the shadow of the European debt crisis, and public infrastructure projects ... |
Taiwan: cement and steel firms abort price hike plan03 May 2012, Published under Cement NewsWith a power-rate hike to be carried out in three stages, major Taiwan cement and steel firms have decided to shelve their plan to raise prices. Taiwan Cement announced yesterday that its cement prices will remain unchanged in May, as it already has sufficient time to cope with the increased cost. The government originally planned to hike power rates in one fell swoop, posing heavy pressure on the cement industry, as power fee accounts for 11% of the production cost of cement. The a... |
Taiwan Cement ‘cautiously optimistic’03 April 2012, Published under Cement NewsTaiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per cent decline in 4Q12. Speaking to the Tapei Times, chairman Leslie Koo, said: “We are cautiously optimistic about the business outlook [this year] after a below-trend fourth quarter when the unfavorable macroenvironment softened demand and pushed down selling prices.” Political uncertainty over the leadership re... |
Goldman Sachs downgrades Taiwan Cement target price12 January 2012, Published under Cement NewsThe target price for Taiwan’s leading producers, Taiwan Cement Company International (TCC) has been lowered by Goldman Sachs from HK$4.51 to HK$4.27. It has maintained its “buy” rating on the producer. The house has downgraded its earnings estimates across the Taiwan cement sector by an average of six per cent due to weaker China cement prices as sluggish demand has ensued following the government tightening measures. Goldman Sachs believes the next few months will be critical for Taiw... |