According to Nikkei Asian Review, after five years of red ink in its U.S. business, Taiheiyo Cement expects to return the segment to profitability in the fiscal year that ends March 2015. Taiheiyo Cement President Shuji Fukuda noted that this would help prop up the group as demand related to reconstruction in Japan from the 2011 earthquake and tsunami diminishes.

The American subsidiary had been a major source of revenue, raking in just over $200 million in 2006, but began posting losses after the 2008 financial crisis hit. With the U.S. housing market slow to recover, the subsidiary remained stuck in the red year after year. However, the segment is doing more business – in particular on the West Coast – and the average selling price climbed about 10 percent in 2013.

2017 Cement Directory

NACD
 

Completely updated, the new 2017 North American Cement Directory. Currently available for ordering exclusively from Cement Americas. Order Now

Resource Center

Let's stay in touch!

All of the latest news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.