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Japanese cement company From Wikipedia, the free encyclopedia
Taiheiyo Cement Corporation ("Pacific Ocean Cement Corporation") (太平洋セメント株式会社, Taiheiyō Semento Kabushiki-gaisha) is a Japanese cement company. It was formed in 1998 with the merger of Chichibu Onoda (itself a merger of Chichibu Cement and Onoda Cement) and Nihon Cement (formerly Asano Cement).
| |
| Company type | Public KK |
|---|---|
| TYO: 5233 FSE: 5233 Nikkei 225 Component | |
| Industry | Construction materials |
| Founded | (May 1881) |
| Headquarters | Daiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo 135-8578 Japan |
Key people | Keiji Tokuue (Chairman of the Board) Shuji Fukuda (President) |
| Products | |
| Revenue |  US$ 8.16 billion (FY 2014)
(¥ 840.28 billion) (FY 2014) |
| US million (FY 2014)
( billion) (FY 2014) | |
Number of employees | 13,087 (consolidated as of June 2014) |
| Website | Official website |
| Footnotes / references [1][2][3] | |
In July 2024, Secretary Alfredo Pascual and Mayor Mytha Ann B. Canoy graced Taiheiyo Cement Philippines, Inc.'s inauguration of a PHP12.8 billion (US$220) production line in San Fernando, Cebu. It has a capacity of 3 Mt annually, or 6000 tons per day of cement clinker and features advanced cement kiln renewal technology.[4]
Taiheiyo Cement was created through a series of mergers and acquisitions dating back to the establishment of the Cement Manufacturing Company (later renamed the Onoda Cement Company) in 1881.[5] Onoda Cement purchased California Portland Cement Company from the CalMat Company in 1990 for $316 million,[5][6] after having acquired a 19% stake in CalMat in 1988.[7]
The Chichibu Cement Company was founded in 1923, and it merged with Onoda Cement in 1994 to form the Chichibu Onoda Cement Corporation.[5]
The cement plant that later became the Nihon Cement Company was leased from the government in 1883.[5] Nihon Cement merged with Chichibu Onoda in 1998 to form Taiheiyo Cement.[5]
Taiheiyo Cement has a number of subsidiaries in countries around the world.
In the United States, its subsidiary Taiheiyo Cement USA, Inc., serves as the parent company of CalPortland Company.[8][9]
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