Reported about 1 year ago
Taiwan Cement's May consolidated revenue reached NT$13.86 billion, a record high for the company, attributed to benefits from expanding stakes in cement plants in Turkey and Portugal. The company's internationalization strategy, including entering the European cement market, has shown significant growth with a 44.44% year-on-year increase in revenue, marking the highest growth rate since 2019. Taiwan Cement's Chairman Chang An-ping unveiled plans to transition into a holding company and outlined key focus areas supporting the company's development, including Taiwan cement, mainland China cement, international low-carbon cement markets in Eurasia and Africa, and new energy sectors. The company is optimistic about its operations in the European market and the continued growth of its new energy business.
Source: YAHOO