Cement News tagged under: Taiwan Cement
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. |
Taiwan Cement President passes away23 January 2017, Published under Cement NewsLeslie Cheng-yun Koo, chairman and president of the Taiwan Cement Corporation, died Monday, 23 January after sustaining critical injuries in a fall on Saturday. Mr Koo (62) was rushed to a hospital on Saturday after falling down a flight of stairs in the Regent Taipei, where he was attending a wedding banquet. He was taken to hospital for emergency treatment, where he remained in an intensive care unit. He had sustained extensive head injuries. Taiwan Cement is expected to issue a stat... |
China: Taiwan Cement plans price increase17 October 2016, Published under Cement NewsTaiwan Cement announced that it will be increasing its prices of cement products in China by as much as seven per cent by the end of the year as a response to recovering demand in the country. Edward Huang, Taiwan Cement's senior vice president, said, "We are planning to increase cement prices in southern China by [US$2.97] per tonne." Mr Huang went on to say that infrastructure spending in China is expected to experience a double-digit percentage growth on the previous year, with dema... |
Taiwan Cement further hikes price in China30 September 2014, Published under Cement NewsTaiwan Cement announced a further rise in cement prices in China’s Guandong province due to the increasing demand in the domestic market. The price hike follows an earlier increase in August . The company hiked prices in the country’s key market by CNY20 (US$3.26)/t. High-grade cement now costs CNY340/t, up from CNY320/t. Taiwan Cement said demand in the Pearl River Delta area expanded considerably in late September as inventories fell due to construction projects ahead of the 1 Octo... |
Taiwan Cement hikes prices 3.2%22 August 2014, Published under Cement NewsTaiwan Cement announced a rise of cement prices in Guangdong and Guangxi, China, by CNY10 (US$1.63)/t or 3.2 per cent to CNY320/t. The company said that as the China market has entered peak season, cement stocks in the Pearl River Delta have been falling, enabling price rises to go ahead. Taiwan Cement said it would keep a close eye on the market's reaction and does not rule out a further price hike next month. The two provinces account for almost half of the company's Chinese prod... |
Taiwan Cement sees 28.81% jump in net profit01 April 2014, Published under Cement NewsTaiwan Cement posted a record TWD10.03bn (US$330m) in net profit last year, up 28.81 per cent from a year earlier, the company said in a statement on Monday. Consolidated sales for 2013 rose 2.11 per cent YoY to about NT$116.10bn, while its gross margin rose about four percentage points from a year earlier to 19.66 per cent. The company's strong sales in China were reflected in the 2013 results of subsidiary TCC International Holdings Ltd, which posted a 14.7 per cent annual increase in ... |
TCC International receives buyout bid28 November 2013, Published under Cement NewsTCC International Holdings said it received a buyout offer from its parent company Taiwan Cement Corp. Taiwan Cement currently holds a 56.5 per cent stake in TCC International Holdings. The proposed deal is valued at HKD5.59bn (US$721m), according to Bloomberg. The deal will allow Taiwan Cement to book the full profits of the Hong Kong unit, TCC International Holdings Ltd, which has a major production base in China and is benefiting from rising product prices there, analysts said. |
TCC expects sales increase in China and Taiwan04 September 2013, Published under Cement NewsTaiwan Cement Co (TCC) said it expects shipments to China to increase by double-digits this year due to strong infrastructure demand while domestic shipments are also forecast to advance. Shipments to China are forecast to increase by 10-15 per cent this year from 39.7Mt in 2012 to 45-46Mt this year, the Tapei Times reported Taiwan Cement’s senior vice president Edward Huang saying during an investors conference. Closure of obsolete and backward cement capacity in China due to more stringe... |
Taiwan Cement and Asia Cement to upgrade environmental equipment in China26 September 2012, Published under Cement NewsAnticipating stricter environmental regulations for cement producers in China, Taiwan Cement Co plans to invest TWD700m (US$23.8m) to upgrade its NOx and SOx abatement equipment, while Asia Cement is considering the same step. Taiwan Cement International Holdings Ltd. has started installing new equipment in its Chongqing plant, aiming to decrease NOx emissions by 60 per cent, with the same works ongoing at the plants in Guizhou and other areas. According to an industry insider says th... |