Cement News tagged under: Taiwan Cement Company
Taiwan Cement records 11% rise in revenue18 May 2021, Published under Cement NewsTaiwan Cement has reported a 11.3 per cent rise in revenue to TWD22.04bn (US$789.3m) for the first quarter of 2021, while its net income advanced 10.6 per cent YoY to TWD3.32bn on the back of profit growth in Taiwan and Europe’s cement businesses. Despite weak sales prices in the mainland China cement business in the 1Q21, sales prices have been increasing steadily since April. In Taiwan’s cement and ready-mix concrete market, due to strong infrastructure and property demand, the gross marg... |
Taiwan Cement reports company revenue of TWD114.36bn in FY2023 March 2021, Published under Cement NewsTaiwan Cement has announced its consolidated financial results for the year ended 31December 2020, as compared to the corresponding period of last fiscal year. Company r evenue amounted to TWD114.36bn (US$4.02bn) and the gross profit margin totalled 32.9 per cent compared to 29.3 per cent in FY19. Operating income was TWD31.34bn and net income was TWD25.09bn, an increase of 3.7 per cent. Edward Huang, senior vice president, said: "In 2020 Taiwan Cement made achievements i... |
Taiwan Cement and Oyak fined for JV notification failure22 July 2020, Published under Cement NewsChina's State Administration for Market Regulation (SAMR) has fined Taiwan Cement and Ordu Yardimlasma Kurumo (Oyak) for failure to notify the establishment of their joint venture, Dutch Oyak TCC Holdings BV, in 2018. SAMR considered the transaction to be notifiable in China, as Taiwan Cement and Oyak both had control over the joint venture and it met the turnover threshold, reports Lexology. Oyak transferred its existing Turkish cement business and assets to the joint venture in exchange f... |
Taiwan Cement expects stronger 2H2020 May 2020, Published under Cement NewsTaiwan Cement Corp gave a positive outlook for its core businesses this quarter as the cement market appears to have emerged from the shadows of the COVID-19 pandemic in China. Chinese construction started to resume in March and appeared to have mostly returned to normality last month, bolstering the company’s selling prices and output in the current quarter to levels similar to the same period last year, said Taiwan Cement President, John Li. The second quarter might turn out stronger t... |
Taiwan Cement reports net profits of US$580.9m in 9M1919 November 2019, Published under Cement NewsTaiwan Cement's net profit last quarter rose 10.17 per cent annually to NT$6.54bn (US$214.4m). Net profit in 9M19 increased by 11.14 per cent to NT$17.72bn (US$580.9m), a company record. Taiwan Cement put the strong results down to stable cement prices and a stronger contribution from the company’s coal-fired Ho-Ping power plant in Hualien on the back of falling coal prices. However, revenue declined 3.51 per cent to NT$87.56bn during the January-to-September period. TCC President, John Li... |
Taiwan Cement's shipping subsidiary orders bulk carriers17 September 2019, Published under Cement NewsTaiwan Cement has announced that its shipping subsidiary, Ta-ho Maritime, has placed an order at Japanese yard Sumitomo Heavy Industries for three 84,200dwt kamsarmax bulk carriers. The shipbuilding contract comprises a firm order for two ships at US$35m each and option for an additional ship. The company will decide on the execution of the option before 30 September 2019. The new ships will be used to transport coal for Taiwan Cement and chartering operations. Ta-ho Maritime currentl... |
Taiwan Cement Co sets CO2 capture targets12 June 2019, Published under Cement NewsTaiwan Cement Co (TCC) has committed a budget of TWD600m (US$19.1m) to expand its carbon capture utilisation and storage (CCUS) technology this year. By 2025 the company estimates that it will capture approximately 450,000t of CO 2 per year. TCC's eventual aim is to reach zero CO 2 emissions from its industrial facilities. TCC's vision is to make CO 2 capture a mature technology, which can both mitigate global warming and add value to the carbon circular economy. The company is developin... |
Taiwan Cement reassures customers on its raw material quality31 January 2019, Published under Cement NewsTaiwan Cement came under pressure to reassure customers that the company's products meet quality safety standards after former Hualien County Council speaker Lai Chin-kun was charged with fraud for supplying raw materials mixed with industrial waste between 2010-15. Lai's family operates Wen Hao Co, Jian Dong Mining Co and several other companies in Hualien County that are mainly involved in mining and quarrying raw materials. The company, which also operates a soil and earth materials dump... |
Taiwan Cement posts record quarterly profits13 August 2018, Published under Cement NewsTaiwan Cement Corp posted a record 2Q profit, due mainly to higher cement prices in China, rising sales and increased contribution from its China-based subsidiary, TCC International Holdings Ltd. The Taipei-based firm's 2Q18 net income, attributable to the parent company, hit TWD7.06bn (US$229.9m), up 228.71 per cent YoY from TWD$2.15bn, the company said in a filing with the Taiwan Stock Exchange. Consolidated revenue rose 34.83 per cent to TWD33.32bn from TWD24.71bn, while gross margin... |
Taiwanese giants profit on mainland China08 May 2018, Published under Cement NewsThis week the Taiwanese cement giants operating on the Chinese Mainland disclosed they expect a profitable year ahead with pickings envisaged to be richer than in their domestic market. While it had not increased cement capacity in China,Taiwan Cement Corp (TCC) became the sixth-largest cement manufacturer in China before the end of 2017. This followed an 8Mta cut in production capacity to 51.5Mta by China Shanshui Cement Group. In addition, Asia Cement Corp (ACC), part of Taiwan cong... |