Cement News tagged under: Taiwan
Asia Cement Corp announces 54% rise in net income21 May 2019, Published under Cement NewsTaiwan’s Asia Cement Corp saw a 54.4 per cent surge in net income for the first quarter of 2019 at TWD2.93bn (US$93.6m). Analysts has claimed that the results were mainly due to a strong cement business in China and non-operating income from its investments in other affiliates of its parent company, Far Eastern Group, according to the Taipei Times. Consolidated revenue in the first four months of 2019 increased 17.1 per cent YoY to TWD27.83bn. The company has stated that it was still p... |
Hsing Ta Cement sees 32% revenues hike in the 4M1910 May 2019, Published under Cement NewsTaiwan-based Hsing Ta Cement has reported a 38.2 per cent increase in revenues to TWD753.3m (US$24.3m) in April 2019 from TWD545.2m in April 2018. In the first four months of 2019, the cement producer saw revenues surge to TWD2.113bn, up 31.5 per cent from TWD1.607m in the 4M18. |
Taiwanese cement companies report positive results in 1Q1910 April 2019, Published under Cement NewsTaiwan Cement Corp reported improved revenues for March 2019 at TWD10.877bn (US$352.62m), up 11.6 per cent when compared with TWD9.75bn in March 2018, according to Dow Jones Newswires. Universal Cement Corp revenues remained largely stable in March 2019 at TWD437.14m, when compared with TWD437.497m in the same period the previous year. Revenues for Lucky Cement Co slipped 0.6 per cent to TWD313.093m in March 2019 from TWD314.84m in March 2018. January-March 2019 In the January-March 2... |
Lucky Cement revenues slip 15% in February08 March 2019, Published under Cement NewsTaiwan-based Lucky Cement report revenues in February of TWD168.065m (US$5.4m), down 14.9 per cent when compared with TWD197.481m in February 2018. Revenues in the first two months of 2019 remained largely stable at TWD521.254m when compared with TWD517.821m in January-February 2018. |
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 Corp sees 40% revenue hike in October09 November 2018, Published under Cement NewsTaiwan Cement Corp reported a 40.1 per cent surge in revenues in October to TWD11.753bn (US$381.9m) from TWD8.388bn in October 2017. Revenues advanced by 31.1 per cent to TWD101.411bn in the first 10 months of 2018 when compared with January-October 2017 revenues of TWD77.339bn. |
Lucky Cement sees 16% YoY rise in October revenues09 November 2018, Published under Cement NewsTaiwan-based Lucky Cement posted a 15.6 per cent YoY increase in revenues to TWD300.24m (US$9.6m) in October 2018 from TWD259.826m in the year-ago period. Revenues fell by 3.2 per cent to TWD2.761bn between January-October 2018 from TWD2.853bn in 10M17. |
Hsing Ta Cement posts 32% rise in 10M revenues09 November 2018, Published under Cement NewsTaiwan’s Hsing Ta Cement reported a 93.3 per cent YoY increase in revenues to TWD729.87m (US$23.7m) in October 2018 from TWD377.596m in the year-ago period. For the first 10 months, revenues rose by 32.2 per cent to TWD5.447bn in 10M18 from TWD4.121bn in January-October 2017. |
A new wave of Asian overseas expansion?02 November 2018, Published under Cement NewsThis week CemNet reported on the announcement that Taiwan Cement is creating a new subsidiary, Dutch TCC Holdings, investing up to US$1.1bn in the new company. Dutch TCC Holdings is expected to enter a joint venture in Turkey with Ordu Yardimlasma Kurmu (Oyak) Holding, which will hold a 60 per cent share, while Dutch TTC Holdings will account for the balance of shares. TCC has acquired 40 per cent fo the shares of Oyak Çimento for a total value of US$640m. Oyak is reported to be willing t... |
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. |