Cement News tagged under: Taiwan Cement

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Taiwan Cement Corp increases its shareholding in battery company

27 August 2024, Published under Cement News

Taiwan Cement Corp (TCC) has increased its valuation of battery storage and electric vehicle infrastructure solutions provider New Horizons Ahead (NHOA). TCC, trading as TCC Group Holdings, is currently the owner of 87.78 per cent of the share capital in Italy-headquartered NHOA. The move would take NHOA fully into private ownership and result in its delisting from the Euronext Paris Exchange. In an interview with Energy-Storage.news Premium published in July, Giuseppe Artizzu, head of ...

Adapting strategies to survive climate change

21 June 2024, Published under Cement News

Cement producers are developing contrasting strategies as they seek to discover ways to prosper in response to the complex challenges and uncertainties presented by climate change. On the one hand, there are companies seeking to find technical solutions to decarbonise carbon emissions and continue producing clinker. The risk here is that many of the technical solutions are yet to be discovered, making the decarbonisation route uncertain. Others are seeking to diversify away from pollution, s...

Taiwan Cement to operate as TCC Group Holdings

27 May 2024, Published under Cement News

Taiwan Cement Corporation (TCC) held its shareholders' meeting on 21 May 2024 officially announcing the transformation of the 78-year-old company into a group holding company, shifting its English name from Taiwan Cement Corporation to TCC Group Holdings. This marks a significant leap into 11 industries, spreading its presence across 13 international markets.  TCC's Chairman, Nelson Chang, highlighted that 60 years ago, TCC operated as a cement-only supplier. TCC has now advanced to becom...

Taiwan Cement completes share agreement for Denizli Çimento

13 December 2023, Published under Cement News

Taiwan Cement Corp  has finalised its agreement with OYAK Çimento to acquire a further 20 per cent stake in Denizli Çimento ,Turkey. According to Reuters this will boost Taiwan Cement's share in the company to 60 per cent. The preliminiary Memorandum of Understanding (MoU) regarding the deal was signed in November this year. Reuters has assigned Denizli Çimento a total enterprise value of US$1.42bn. 

Taiwan Cement commissions battery project

06 December 2023, Published under Cement News

Taiwan Cement Group has commissioned a 311MWh battery at its HePing plant in Hualien County, Taiwan. The battery has been supplied by NHOA SA, formerly Engie EPS, according to Renewables Now.  The cement producer called the project “a bold statement of our dedication to renewable energy and a testament to our role in Taiwan’s ambitious journey towards carbon neutrality by 2050.” It marks the third energy storage system completed by NHOA Energy in the Asia-Pacific region in 2023 alo...

Taiwan Cement expands its European footprint

29 November 2023, Published under Cement News

Turkey's Army Pension Fund, OYAK , has reached a preliminary agreement to sell its stakes in two cement companies to Taiwan Cement Corp for a total of about EUR673m. OYAK is selling a 20 per cent stake in Oyak Denizli Cement of Turkey to Taiwan Cement, valuing the company at EUR1.3bn (US$1.42bn). Taiwan Cement estimates it will pay EUR193.4m for the stake, increasing its ownership to 60 per cent, a filing from the Taiwanese company confirmed. Taiwan Cement had purchased a 40 per cent s...

Taiwan Cement plant has 107MWh battery commissioned

26 September 2023, Published under Cement News

Nhoa Energy, a unit of Nhoa SA, formerly Engie EPS, has announced the commissioning of a 107.3MWh energy storage project at a Chinese plant of Taiwan Cement Group (TCC Group). Announcing the system's completion recently, TCC Group said Nhoa Energy had designed and developed the 43.2MW energy storage system. Located at TCC Group’s Yingde plant in Guangdong province, the battery is the main part of one of the largest industrial microgrids, Nhoa, which is majority owned by TCC. The Nhoa ...

Mixed bag of results for Taiwanese producers in June

11 July 2023, Published under Cement News

Taiwanese cement producers have seen a mixed bag of results for June as well as the opening six months of the year. Universal Cement has reported revenue in June 2023 of TWD604.3m (US$19.26m), up from TWD573.03m in the same month a year earlier. Revenue for the first six months of 2023 came in at TWD3754.7m, compared to TWD3280.9m in the 1H22. Lucky Cement Co also saw its revenue expand in June, coming in at TWD443m, up from TWD334.1m in the same month a year earlier. Revenue for t...

Meeting the biodiversity challenge

26 May 2023, Published under Cement News

This week saw the UN-sanctioned "International Day for Biological Diversity", dedicated to promoting its new theme "From Agreement to Action: Build Back Biodiversity". The next UN Climate Change Conference, COP 28, which takes place in Dubai, UAE at the end of the year will advance this agenda further, as well as take stock of the implementation of the Paris Agreement objectives for biodiversity. Recognition of biodiversity loss and the need to change damaging practices is a starting poin...

Universal Cement reports reports lower 1Q profit

15 May 2023, Published under Cement News

Taiwan-based Universal Cement Corp   reported revenue of TWD1835m (US$59.4m) in the January-March 2023, up 19.8 per cent when compared with the equivalent quarter of 2022, when revenue was TWD1532m. However, pretax profit more than halved from TWD728.8m in the 1Q22 to TWD315.5m in the 1Q23. Net profit was down 60.6 per cent YoY to TWD272.9m in the 1Q23 from TWD691.9m.