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News Taiheiyo Cement’s sales down as Olympic Games preparation work ends

Taiheiyo Cement’s sales down as Olympic Games preparation work ends

Written by Global Cement staff 08 August 2019
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Japan: Taiheiyo Cement’s sales fell by 2.1% year-on-year to US$1.94bn in the quarter to 30 June 2019 from US$1.99bn in the same period in 2018. Its profit dropped by 37.6% to US$58.7m from US$94.1m. It blamed falling sales on the end of construction booms linked to preparations for the 2020 Tokyo Olympic Games, earthquake reconstruction work and the construction of Yatsuba Dam. Exports also fell.

Last modified on 14 August 2019
Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Results
  • GCW418

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