Displaying items by tag: Taiheiyo Cement

Japan: Taiheiyo Cement’s sales rose by 5% year-on-year to US$8.36bn in the year to 31 March 2019 from US$7.95bn in the same period in 2018. Its net income grew by 12.8% to US$397m from US$352m. The group’s cement sales volumes rose by 3.5% to 15.4Mt. However, its exports fell by 18% to 3.5Mt. It noted that infrastructure projects for high-speed railway and the Tokyo Olympics had driven local demand for cement.

Philippines: Companies including Japan’s Taiheyo Cement, Thailand’s Siam City Cement and China’s Anhui Cement have been linked to the sale of Holcim Philippines. Local companies include Eagle Cement and DMCI Group, according to sources quoted by the Philippine Star. Non-binding offers were have been submitted in February 2019 but it is not clear which companies were involved. However, no agreement has been reached on price yet. LafargeHolcim has reportedly looking at selling its business in the Philippines as part of a review of its operations in South-East Asia.

Japan: Taiheiyo Cement says it has started the country’s first carbon capture and storage (CCS) test at its Fujiwara plant in Inabe, in conjunction with the Ministry of Environment. It is testing a chemical absorption method on kiln exhaust gases at the plant. Further installations on the project will continue during January 2019.

Japan: Taiheiyo Cement has been selected to be part of the Dow Jones Sustainability Asia Pacific Index for the fifth consecutive year. The company was first chosen in 2014. The index is the Asia Pacific version of the Dow
Jones Sustainability Indices and it serves as a benchmarks for socially responsible investment.

Japan: Taiheiyo Cement says that an earthquake that took place in early September 2018 in Hokkaido has had a limited effect upon its business. No injuries to employees were reported. Cement production at its Kamiiso plant is continuing using in-house power generation although the unit is working on saving energy. The 6.7 magnitude earthquake has caused widespread disruption on the island, including knocking out local power generation.

Japan: Taiheiyo Cement has reported its financial results for the first quarter of its 2019 fiscal year, a period that ended on 30 June 2018.

During the three month period, its revenue was US$1.9bn, a 5.5% increase from US$1.8bn in the same period of its 2018 fiscal year. Taiheiyo’s operating profit was US$88.0m, a 10% year-on-year increase from US$79.8m. Its net profit was US$55.3m, a year-on-year increase of 32.6% from US$41.7m.