Displaying items by tag: Japan

Japan: Ube Machinery has made changes to its management team with effect from 1 April 2020. Hiroaki Furuya has been appointed as Managing Executive Officer. His previous role as Director & Executive Officer has been filled by Michiharu Takeda. Ube Machinery manufactures a range of products for the cement industry, including mills, kilns and dryers. Its parent company Ube also produces cement from its own plants.

Japan: Taiheiyo Cement has set out the measures by which it aims to achieve its July 2019 target to ‘reduce net CO₂ emissions per unit of cement production’ by 80% between 2000 and 2050. The measures consist of: the introduction of energy-saving equipment, the promotion of alternative fuels (AFs) and the development of lower-CO₂ cements, accounting for a minimum 15% reduction; development and introduction of new technologies to the production process, targeting especially indirect emissions by modernising energy sources, accounting for a minimum 15% reduction; assumption of future technologies, accounting for a minimum 50% reduction.

US: The Environmental Protection Agency (EPA) has awarded Energy Star certification to Japan-based Taiheiyo Cement subsidiary CalPortland’s 1.3Mt/yr integrated Rillito plant for the eighth consecutive year for its superior energy performance compared with other plants of comparable capacity in the country. CalPortland president and CEO Allen Hamblen said, “We continue to demonstrate our commitment to environmental stewardship and ENERGY STAR while also reducing our energy costs through the hard work of our employees and our corporate energy management culture.”

Japan: Mitsubishi Materials and Ube Industries have signed a letter of intent to start discussing a potential merger of their cement businesses and related concerns. If the discussions and a subsequent study are successful, the companies plan to sign a definitive agreement in late September 2020 ahead of an anticipated integration around April 2022. Any formal decision to merge the companies would be subject to approval from the Japan Fair Trade Commission.

The companies have decided to explore merging their cement operations following slowing demand and increased costs due to higher energy prices. They have worked together since 1998 in a joint venture called Ube-Mitsubishi Cement, which integrated their cement sales and logistics operations.

Japan: Equipment supplier Kawasaki has announced that its Vega class of boiler will be used in Taiheiyo Cement’s 8MW waste heat recovery (WHR) power plant at its 1.4Mt/yr integrated Saitama cement plant. Kawasaki says that the advantages of the Vega boiler are a compact design, a shorter installation time, a reduced induced draft (ID) fan power consumption and excellent dust-removal performance.

Japan: Taiheiyo Cement recorded a net profit of US$278m in the nine months to 31 December 2019, the first three quarters of the Japanese 2020 fiscal year. This corresponds to a 10% fall from US$310m in the nine months to 31 December 2018. Its nine-month sales fell by 4.3% year-on-year to US$6.04bn in the first three quarters of the present financial year, compared to US$6.31bn one year previously.

Taiheiyo Cement revised its forecasted full-year (to 31 March 2020) net profit down from US$570m, published in its six-month results on 12 November 2019, to US$364m.

Japan: Sumitomo Osaka Cement’s nine-month net profit over the period ending 31 December 2019 fell by 35% year-on-year to US$45.6m from US$70.3m over the corresponding period of 2018. Nine-month revenues were US$1.66bn, down by 3.3% year-on-year from US$1.71bn. Sumitomo Osaka Cement predicted revenues in the fiscal year ending 31 March 2020 of US$2.23bn, which would give it an estimated net profit of US$97.5m for the whole year, down by 27% from US$134m in the 2019 fiscal year.

Japan: Ofunato biomass power plant began generating electricity on 1 January 2020. The 75MW plant is the result of a 65:35 partnership between Taiheiyo Cement and electrical engineering firm Elex formed in July 2016, with a total investment of US$36.5m. It will primarily burn coconut matter to provide electricity for sale and supply to Taiheiyo Cement’s 1.9Mt/yr integrated Ofunato plant. Taiheiyo Cement says that its will generate 520,000MWh/yr, replacing fossil fuels responsible for 0.3Mt/yr of CO2 emissions.

Japan: Taiheiyo Cement has installed an ash washing facility at a waste incineration plant in Kumagaya, Saitama prefecture for desalination and lowering of chloride content. After rinsing, the installation will supplement cement production at Taiheiyo Cement’s 1.8Mt/yr integrated Kumagaya plant with up to 69,400t/yr of ash. The total cost of investment was US$7.17m.

Japan: Taiheiyo Cement made a net profit of US$150m in the six months to 30 September 2019. This was a fall from US$160m in the same period of 2018. Its revenue for the same period of the 2019 fiscal year was US$395m, a fall from US$402m a year earlier. For the full year to 31 March 2020, Taiheiyo forecasts a net profit of US$570m.