Cement News tagged under: Taiwan Cement Company
Taiwanese giants profit on mainland China04 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 conglomer... |
Taiwan cement producers forecast profits from Chinese operations01 May 2018, Published under Cement NewsTaiwan and Asia Cement are expecting to experience a profitable year, on the back of price hike in China and increasing pressure on cement manufacturers on the mainland who cannot meet Bejing's stricter environmental regulations. Taiwan Cement Corp is forecast to generate net profit of TWD16.48bn (US$556.1m) for the whole of this year, a 117 per cent surge from TWD7.6bn last year, Taishin Securities Investment Advisory Co said. Taiwan Cement's revenue is forecast to grow 21.6 per cent a... |
Taiwan Cement to expand its microalgae farm20 July 2016, Published under Cement NewsTaiwan Cement Corp yesterday announced plans to expand its microalgae farm, which produces astaxanthin, a key ingredient in high-priced skincare products. Not only would the expanded microalgae farm produce astaxanthin, it would decrease CO 2 levels by 4800tpa by using the Industrial Technology Research Institute (ITRI) and Taiwan Cements carbon capture technology, said Taiwan Cement Chairman, Leslie Koo. The company began developing carbon capture techniques in Taiwan with the I... |
Taiwan Cement sales down 20.8% YoY in 201521 April 2016, Published under Cement NewsTaiwan Cement Corp saw its 2015 YoY sales fall 20.8 per cent to TWD93.68bn (US$2.89bn), while the company’s net income dropped by 46.7 per cent to TWD5.78bn (US$178.67m), according to Aggregates Business Europe. During October-December 2015, revenue and net income of the firm fell by 17 per cent and 31.3 per cent to TWD24.6bn (US$760.45m) and TWD1.78bn (US$55.02m) respectively, as compared to October-December 2014. In January-March 2016, the company's revenue stood at TWD17.73bn (US$548.08... |
Taiwan Cement Corp hopes for improved 2H1614 April 2016, Published under Cement NewsTaiwan Cement Corp, the nations biggest cement maker, yesterday said that business has remained weak since last year, adding that it hopes to see a pick-up in 2H16. "Our business in the first quarter of this year remained under pressure due to a pessimistic sentiment that has continued from last year," Leslie Koo, Taiwan Cement chairman, said at an investors conference in Taipei. In the final quarter of last year, Taiwan Cement reported net income of TWD1.78bn (US$55.02m), down 31.3 per... |
Taiwan Cement Corp secures syndicated loan, Taiwan22 January 2013, Published under Cement NewsTaiwan Cement Corp (TCC) has secured a five-year oversubscribed syndicated loan of TWD14bn (US$48.29m) from 12 banks, including two Chinese lenders, the company said in a press release. TCC had planned to raise TWD12.5bn to meet its debts, long-term equity investments and operational costs, the company said in a statement issued after the signing ceremony. The six main lenders are Mega International Commercial Bank, Chinatrust Commercial Bank, Taipei Fubon Commercial Bank, Taiwan Coope... |
Taiwan Cement to invest in strengthening position in China30 August 2012, Published under Cement NewsTaiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. Chairman, Leslie Koo, said TCC’s investment this year will focus on second-phase plant construction in Anshun, Guizhou province in China, Taiwan Economic News reported. While Chinese cement demand has lagged of late due to the effects of the European sovereign debt crisis and domestic macroeconomic controls, Koo hig... |
Taiwan Cement ‘cautiously optimistic’03 April 2012, Published under Cement NewsTaiwan Cement Corp (TCC), which is fast-expanding in the China cement market, expects demand to pick up gradually this year in its two main markets, after it reported a 20 per cent decline in 4Q12. Speaking to the Tapei Times, chairman Leslie Koo, said: “We are cautiously optimistic about the business outlook [this year] after a below-trend fourth quarter when the unfavorable macroenvironment softened demand and pushed down selling prices.” Political uncertainty over the leadership re... |