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Taiheiyo Cement

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Taiheiyo Cement Corporation
TypePublic KK
TYO: 5233
FSE: 5233
Nikkei 225 Component
IndustryConstruction materials
Founded(May 1881; 145 years ago (1881-05))
HeadquartersDaiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo 135-8578 Japan
Key peopleKeiji Tokuue
(Chairman of the Board)
Shuji Fukuda
(President)
Products
RevenueIncrease US$ 8.16 billion (FY 2014)
(¥ 840.28 billion) (FY 2014)
Increase US million (FY 2014)
(billion) (FY 2014)
Number of employees
13,087 (consolidated as of June 2014)
WebsiteOfficial website
Footnotes
[1][2][3]

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).

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]

History

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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]

On October 1, 2026, Taiheiyo Cement acquired Tokuyama's domestic cement and soil-stabilisation materials sales business, together with certain related subsidiaries, in a transaction valued at ¥37 billion. The acquisition was completed through the purchase of all shares in Tokuyama Cement, which was renamed Tokuyama Taiheiyo on the same day.[8][9]

International subsidiaries

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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.[10][11]

References

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  1. ↑ "Corporate Data". Taiheiyo Cement. Archived from the original on September 12, 2014. Retrieved September 11, 2014.
  2. ↑ "Consolidated Financial Results for Fiscal 2014" (PDF). Taiheiyo Cement. May 13, 2014. Retrieved September 11, 2014.
  3. ↑ "Company Summary". Google Finance. Retrieved September 11, 2014.
  4. ↑ Crismundo, Kris (July 19, 2024). "Japanese cement manufacturer inaugurates P12.8-B plant in Cebu". Philippine News Agency. Retrieved July 20, 2024.
  5. 1 2 3 4 5 "History". Taiheiyo Cement Corporation. Archived from the original on 2024-02-22. Retrieved 2024-08-10.
  6. ↑ Hast, Adele, ed. (1988). International Directory of Company Histories. Vol. III. Chicago, London: St James Press. pp. 717–719. ISBN 978-0-912289-10-6.
  7. ↑ "CalMat sells cement operations in $316 million deal". UPI. October 1, 1990. Retrieved 2024-08-10.
  8. ↑ Tokyo Brief Desk (2026-10-01). "Tokuyama hands domestic cement sales arm to Taiheiyo Cement for ¥37bn". Tokyo Brief. Retrieved 2026-10-01.
  9. ↑ "（開示事項の経過）セメント・固化材の国内販売事業および一部連結子会社株式の譲渡に伴う完全子会社の設立および会社分割（簡易吸収分割）ならびに当該完全子会社株式の譲渡（子会社の異動）完了・ならびに特別利益および特別損失の計上に関するお知らせ" (PDF) (in Japanese). Tokuyama Corporation. 2026-10-01. Retrieved 2026-10-01.
  10. ↑ "Executives". Taiheiyo Cement Corporation. Archived from the original on 2024-05-24. Retrieved 2024-08-09.
  11. ↑ Petition for Writ of Certiorari at ii, Glacier Northwest, Inc. v. Teamsters, 598 U.S. 771. (No. 21-1449)
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