Cement News tagged under: Taiwan Cement
Taiwan Cement Group plans green bond04 May 2023, Published under Cement NewsTaiwan Cement Group is planning to issue green bonds through its subsidiary in Europe, marking the first time the group has sold such bonds to finance environmentally-friendly projects. In a statement to the Taiwan Stock Exchange, Taiwan Cement Co (TCC) said its energy storage subsidiary NHOA SA in Italy will sell convertible green bonds with a maturity of five years, aiming to raise EUR250m (US$276m). In July 2021, through its subsidiary Taiwan Cement Europe Holdings BV, TCC acquired... |
Taiwan Cement fined for price fixing22 February 2023, Published under Cement NewsTaiwan Cement Corp (TCC) is one of 18 firms fined a combined TWD213m (US$7m) for forming a ready-mixed concrete (RMC) price-fixing cartel, accord to Taipei Times. Since 2018 the companies have regularly met in person and messaged via apps to control the supply of RMC and drive up prices, reports the Fair Trade Commission. TCC faces an individual fine of TWD50m but has said that it will appeal against the ruling. “TCC’s ready-mix concrete quality and price have been considered to be the ... |
Asian outlook on carbon capture, utilisation and storage18 November 2022, Published under Cement NewsThis week Asia Cement announced that it would be employing TCRK's Arago Cement Process to utilise captured CO2, cement kiln dust and by-pass particles in the cement production process in South Korea from 2025. ICR reviews the opportunities for carbon capture utilisation and storage (CCUS) for cement producers in the Asian region. The Asia Cement Co project will include a fully commercial-scale deployment of TCRK CCUS technology. Initially it will target 30,000tCO 2 e per year, rising to 1... |
Taiwan Cement posts 19% increase in 8M revenues13 September 2022, Published under Cement NewsTaiwan Cement saw a 19.2 per cent advance in revenues to TWD10,689.86m (US$345.9m) in August 2022 from TWD8966.476m in August 2021. In the first eight months of 2022 total revenue edged up 2.5 per cent to TWD68,937.1m from TWD67,307.8m in the 8M21. |
Taiwan Cement reports 21% hike in July revenue11 August 2022, Published under Cement NewsTaiwan Cement has posted a revenue of TWD10,102.468m (US$336.3m) in July 2022, ,up 21.4 per cent when compared with TWD8,319.972m, , according to a filing on the Taiwan Stock Exchange. In the first seven months of 2022, revenues slipped 0.2 per cent to TWD58,247.2m from TWD58,343.336m in the 7M21. |
Taiwan Cement orders more battery power storage07 June 2022, Published under Cement NewsNHOA SA, formerly Engie EPS, has won an order to deliver a 22MWh battery storage project to Taiwan Cement Corp (TCC). The system will be an expansion of a 10MW facility being installed at TCC's HePing industrial park. Both units will provide ancillary services to Taiwan's power grid and support the nation’s goal of having 45GW of installed renewable power generation capacity by 2030. NHOA explained that the expansion was undertaken to widen the range of frequency support services sou... |
Taiwan Cement reports 2% rise in March revenue11 April 2022, Published under Cement NewsTaiwan Cement saw its revenue increase two per cent to TWD9971.65m (US$342.96m) in March 2022 from TWD9779.716m. In the first quarter of 2022 the company posted a revenue of TWD22945.614m, up four per cent from TWD22037.652m in the 1Q21. |
Taiwan's cement producers announce November results10 December 2021, Published under Cement NewsTaiwan Cement has posted a 1.5 per cent YoY decline in November revenue to TWD9.75bn (US$351.94m) against TWD9.9bn in the year-ago period. In the first 11 months of 2021, revenue stayed largely consistent at TWD96.22bn from TWD95.81bn. Asia Cement saw revenue up 13.4 per cent to TWD8.99bn from TWD7.92bn in November 2020, while revenue in the 11M21 climbed 14.8 per cent YoY to TWD80.25bn. Elsewhere, Chia Hsin Cement reported a 5.3 per cent YoY increase in revenue to TWD197.77m in November ... |
Taiwan Cement sees revenue up 1% in October10 November 2021, Published under Cement NewsTaiwan Cement has seen a modest one per cent YoY increase in October revenue to TWD9.57bn (US$344.8m) compared to TWD9.47bn in the year-ago period. In the first 10-months of the year, revenue was up 0.7 per cent to TWD86.47bn from TWD85.9bn. |
Taiwan Cement to invest US$1.1bn in new joint venture30 October 2018, Published under Cement NewsTaiwan Cement announced it will spend US$1.1bn to create a joint venture with Turkey’s OYAK in The Netherlands, via a newly-created subsidiary, Dutch TCC Holdings. Taiwan Cement will hold 40 per cent of shares in the joint venture with OYAK holding 60 per cent. Through the JV, Taiwan Cement aims to increase its visibility in the European market at a time when the Chinese market is cooling. |