Cement News tagged under: Taiwan
Hsing Ta Cement reports stable net profit14 August 2018, Published under Cement NewsTaiwanese cement producer Hsing Ta Cement saw its revenues advance 29.7 per cent to TWD1.748bn (US$56.8m) in the 2Q18 from TWD1.348bn in the year-ago period. Pretax profit more than doubled from TWD206.304m in the 2Q17 to TWD440.058m one year later. The company’s net profit remained largely stable at TWD125.366m (2Q17: TWD126.441m). |
Asia Cement Corp sees 167% rise in 2Q net profit14 August 2018, Published under Cement NewsTaiwan's Asia Cement reported a 37.6 per cent increase in revenues to TWD22.425bn (US$728.2m) in the April-June 2018 quarter from TWD16.298bn in 2Q17. Pretax profit was up by 174.9 per cent from TWD2.469bn in the 2Q17 to TWD6.788bn in 2Q18 while net profit surged by 167.9 per cent to TWD4.33bn in the 2Q18 from TWD1.616bn in the year-ago period. |
Chia Hsin Cement Corp profit surges in 2Q1813 August 2018, Published under Cement NewsChia Hsin Cement Corp reported a rise of 15 per cent in its revenues for the 2Q18 to TWD529.67m (US$17.2m) from TWD460.547m. Pretax profits increased from TWD28.99m in 2Q17 to TWD265.4m one year later while net profits soared from TWD10.59m to TWD246.811m over the same period. |
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 cement industry records sales surge in May14 June 2018, Published under Cement NewsThe Taiwan Stock Exchange (TWSE) has announced that the cement industry was amongst the top three sectors in terms of YoY sales growth in May 2018, alongside the semiconductor and fuel/utility sectors. Over the period, 645 listed companies reported a YoY increase in revenue, while 271 saw a fall. Sales generated by listed cement businesses noted a 34.3 per cent YoY surge in revenue to TWD21.1bn (US$701.98m) on the back of rising demand from China, according to data complied by the TWSE. |
Chia Hsin Cement records net profit14 May 2018, Published under Cement NewsTaiwan's Chia Hsin Cement Corp has reported a 21.3 per cent YoY drop in revenue for the first quarter of 2018, falling to TWD471.26m (US$15.8m) from TWD598.48m. However, the company also announced a net profit of TWD152.31m, compared to a net loss of TWD111.32m in the year-ago period. |
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... |
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... |
Asia Cement invests in green wind energy20 March 2018, Published under Cement NewsAsia Cement Corp announced yesterday that the company is partnering with Copenhagen Infrastructure Partners (CIP) to develop an offshore wind farm that could be in operation before the end of 2020. The TWD60bn (US$2.05bn) Hsinchu Offshore Wind Power Project is a 450MW off the Taiwan coast. Asia Cement President, Kun-Yen Lee, said, the cement producer would cover TWD20bn-30bn of the development costs, in line with the 20-30 per cent self-financing ratio of most wind projects. The loc... |
Chia Hsin Cement Corp reports revenue decrease in February12 March 2018, Published under Cement NewsTaiwan-based Chia Hsin Cement Corp has announced its results for the Jan-Feb 2018 period, recording a 26 per cent YoY decrease in revenue from TWD404.17 (US$13.80m) to TWD297.68m. In February the company saw a 27 per cent fall in revenue to TWD125.59m from TWD171.51m of the year-ago period. |