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News Taiheiyo Cement increases sales in 2023 financial year

Taiheiyo Cement increases sales in 2023 financial year

Written by Global Cement staff 11 May 2023
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Japan: Taiheiyo Cement's consolidated sales rose by 14% year-on-year to US$6.02bn for its 2023 financial year, which ended on 31 March 2023. Its cement volumes fell by 1.5% to 37.3Mt. It said that current high costs of labour and building materials generally reduced cement demand in its local market. It reported a net loss of US$247m, up by 15% from US$215m. Nikkei News has reported that the company has forecast a US$297m profit in the 2024 financial year.

Last modified on 17 May 2023
Published in Global Cement News
Tagged under
  • Japan
  • Taiheiyo Cement
  • Results
  • demand
  • construction
  • labour
  • Outlook
  • GCW608
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