Cement News tagged under: Sumitomo Osaka Cement
Sumitomo Osaka Cement reports 4.4% rise in 1H net profit08 November 2016, Published under Cement NewsSumitomo Osaka Cement Co saw a 4.5 per cent YoY fall in revenues from JPY115.65bn (US$1.11bn) to JPY110.44bn in the first half ended 30 September 2016. While its pretax profit also decreased over the one-year period, from JPY11.25bn to JPY10.43bn, the company was able to report a 4.4 per cent YoY rise in net profit from JPY7.67bn to JPY8.01bn in April-September 2016. For the full-year 2016, Sumitomo expects to achieve revenues of JPY230bn while pretax profit is forecast at JPY22.5bn ... |
Sumitomo Osaka 1.4Mt coal consumption in 201502 September 2016, Published under Cement NewsJapanese cement manufacturer Sumitomo Osaka Cement reported that it had consumed 1.41Mt of coal for the fiscal year 2015 (year end 31 March 2016). This figure is a 2.7 per cent YoY decrease from the fiscal year 2014, when consumption reached 1.44Mt. Petcoke consumption for the same period was 0.1Mt, up 19 per cent from 0.08Mt from fiscal year 2014. |
Japan: Sumitomo Osaka Cement operating profit seen rising28 October 2015, Published under Cement NewsJapan-based Sumitomo Osaka Cement's group operating profit is expected to jump 13 per cent for the April-September half on rising sales and declining coal prices, according to a Nikkei earnings preview report. The profit of around JPY10bn (US$82.1m) would be a record for the half, surpassing guidance of JPY9.1bn. Sales likely grew three per cent to around JPY115bn, edging above guidance of JPY113bn, according to the newspaper. The report said domestic demand for cement used in public works... |
Sumitomo Osaka Cement reports strong quarterly rise19 August 2015, Published under Cement NewsJapan's Sumitomo Osaka Cement Co Ltd reported a 26.8 per cent YoY rise in operating profit to JPY4.43bn (US$35.7m) over the April-June quarter. Sales during the period climbed to JPY56.78bn, up six per cent over the same quarter of last year. Earnings per share rose to JPY7.68, up from last year's JPY5.69 for the same quarter. The cement producer has announced it is to raise capacity at its Kochi plant in western Japan by some 0.2Mta, with completion scheduled for 2017. |
Japanese producers increase exports13 February 2015, Published under Cement NewsJapanese cement producers have increased export levels in a bid to help offset a slowdown in domestic consumption due to a slump in housing investment. According to the Japanese Cement Association, the country’s exports rose by four per cent to 9.11Mt in 2014, marking the first increase in six years. A Nikkei Report stated that Japanese cement makers are heightening exports to tighten the supply-demand balance. Local producers had initially expected domestic demand would increase due to ... |
Sumitomo Osaka eyes 20% rise in operating profit on Olympic boost26 February 2014, Published under Cement NewsSumitomo Osaka Cement expects to generate consolidated operating profit of JPY25bn (US$241.57m) by fiscal 2016 by benefitting from increased construction demand for projects related to the 2020 Olympics, a Nikkei Report stated quoting company President Fukuichi Sekine. This would mark a 20 per cent jump from the current fiscal year's expected profit of JPY21bn. Tokyo’s success in being awarded for the 2020 Olympics is expected to become a positive catalyst for cement demand. The government... |
Sumitomo Osaka to increase capacity in China20 June 2013, Published under Cement NewsJapanese cement producer Sumitomo Osaka Cement Co will increase cement capacity in China's Yunnan Province by 2016 through the construction of new facilities. According to reports by the Nikkei the plan is to build two plants with a combined capacity of 6.4Mta. This will make the operation the province's largest, with a capacity of 14.6Mta, the report states. The first new plant will be built in December 2014, and the second in 2016. Sumitomo Osaka Cement will invest around JPY4bn for i... |
Earthquake reconstruction efforts boost Sumitomo Osaka’s nine month operating profit08 February 2013, Published under Cement NewsSumitomo Osaka Cement is expected to report a strong gain in operating profit for the first nine months of the fiscal year on the back of earthquake reconstruction efforts. The company is expecting a 90 per cent YoY increase in consolidated operating profit to about JPY9bn for the nine months ended 31 December 2012. This would represent the highest figure for the April-December period in five years. Sales were up by approximately four per cent with consumption for ports and roads in the di... |
Sumitomo Osaka considers streamlining transport operations, Japan29 May 2012, Published under Cement NewsSumitomo Osaka Cement is considering an overhaul of the group’s transport operation as it prepares to mark 20 years since the company was merged into a single entity. The Nikkei reports that the Japanese cement producer aims to integrate two transport subsidiaries, Sumise Kaiun Co and Taiyo Kisen Co, in order to revamp its logistics structure which has been in place since the old Sumitomo Cement and former Osaka Cement merged to become Sumitomo Osaka in October 1994. The two transport uni... |
Sumitomo Osaka to sell more in-house power, Japan22 May 2012, Published under Cement NewsSumitomo Osaka Cement Co plans to lift sales of power generated in-house at a Tochigi Prefecture plant using wood biomass fuel, according to reports in the Nikkei. The power generation facilities at the Tochigi plant were completed in February 2009 and went into full operation in April of that year. Current output totals 25,000kW. The group's operating profit is expected to surge 41% to JPY11.5bn in the fiscal year ending March 2013. Sumitomo Osaka Cement does not disclose power-relate... |