Displaying items by tag: Taiheiyo Cement
Japan: Taiheiyo Cement has set an 80% CO2 reduction target from cement production by 2050. It also plans to reduce its emissions from cement products by 20%. It aims to do this via a variety of means including energy-saving measures, promoting co-processing, lowering the clinker factor of its cement and CO2 capture technology. The cement producer started a pilot of a chemical absorption method on kiln exhaust gases at its Fujiwara plant in early 2019.
Cement producers in the Philippines warn that unchecked imports may affect investment plans
28 May 2019Philippines: Cement producers say that if the government does not implement a permanent safeguard duty on cement imports they may reconsider investment plans to upgrade their plants. Representatives of Taiheyo Cement, Republic Cement, Holcim and Cemex made the comments at public hearings by the Tariff Commission, according to the Philippine Star newspaper. The commission is conducting an investigation to determine whether the provisional safeguard duty imposed by the Department of Trade and Industry (DTI) on cement imports should be kept.
During the hearings, Cirilo Pestaño II the executive director of the Cement Manufacturers Association of the Philippines (CEMAP), lobbied the government to impose a higher ‘definitive’ safeguard duty. He said that imports of cement rose by 64% year-on-year to 1.74Mt in the first quarter of 2019 from 1.06Mt in the same period in 2018 despite the provisional safeguard measure being in place.
Japan: Taiheiyo Cement’s sales rose by 5% year-on-year to US$8.36bn in the year to 31 March 2019 from US$7.95bn in the same period in 2018. Its net income grew by 12.8% to US$397m from US$352m. The group’s cement sales volumes rose by 3.5% to 15.4Mt. However, its exports fell by 18% to 3.5Mt. It noted that infrastructure projects for high-speed railway and the Tokyo Olympics had driven local demand for cement.
Range of companies linked to Holcim Philippines sale
11 March 2019Philippines: Companies including Japan’s Taiheyo Cement, Thailand’s Siam City Cement and China’s Anhui Cement have been linked to the sale of Holcim Philippines. Local companies include Eagle Cement and DMCI Group, according to sources quoted by the Philippine Star. Non-binding offers were have been submitted in February 2019 but it is not clear which companies were involved. However, no agreement has been reached on price yet. LafargeHolcim has reportedly looking at selling its business in the Philippines as part of a review of its operations in South-East Asia.
Japan: Taiheiyo Cement says it has started the country’s first carbon capture and storage (CCS) test at its Fujiwara plant in Inabe, in conjunction with the Ministry of Environment. It is testing a chemical absorption method on kiln exhaust gases at the plant. Further installations on the project will continue during January 2019.
Taiheiyo Cement secures place in Dow Jones Sustainability Asia Pacific Index for fifth year in a row
27 September 2018Japan: Taiheiyo Cement has been selected to be part of the Dow Jones Sustainability Asia Pacific Index for the fifth consecutive year. The company was first chosen in 2014. The index is the Asia Pacific version of the Dow
Jones Sustainability Indices and it serves as a benchmarks for socially responsible investment.
Japan: Taiheiyo Cement says that an earthquake that took place in early September 2018 in Hokkaido has had a limited effect upon its business. No injuries to employees were reported. Cement production at its Kamiiso plant is continuing using in-house power generation although the unit is working on saving energy. The 6.7 magnitude earthquake has caused widespread disruption on the island, including knocking out local power generation.
Taiheiyo sees improved fortunes at start of 2019 fiscal year
10 August 2018Japan: Taiheiyo Cement has reported its financial results for the first quarter of its 2019 fiscal year, a period that ended on 30 June 2018.
During the three month period, its revenue was US$1.9bn, a 5.5% increase from US$1.8bn in the same period of its 2018 fiscal year. Taiheiyo’s operating profit was US$88.0m, a 10% year-on-year increase from US$79.8m. Its net profit was US$55.3m, a year-on-year increase of 32.6% from US$41.7m.