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Cement Giants Diverge in August: TCC Revenue Climbs While Asia Cement Slips
Non-Energy Minerals · Construction Materials · economic_daily · 2026-09-10
TCC reported a 10.65% year-over-year revenue increase in August driven by European operations and energy storage, while Asia Cement saw a 1.3% decline due to weak demand in China.
What Happened
TCC Revenue Growth: TCC posted August revenue of NT$13.516 billion, a 10.65% year-over-year increase, fueled by strong performance in its Turkish and Portuguese cement units and increased energy storage projects from its subsidiary NHOA Energy.
Asia Cement Performance: Asia Cement reported August revenue of NT$5.59 billion, down 1.3% from the previous year, primarily due to lower cement sales volumes in the Chinese market which offset gains from its diversified business segments in Taiwan.
Market Headwinds: Asia Cement noted that both cross-strait cement markets face significant challenges, including sluggish real estate demand and project delays, leading the company to maintain a cautious outlook on its core business operations.
Strategic Outlook: Both companies are pivoting their strategies; TCC is focusing on expanding its renewable energy footprint, while Asia Cement is prioritizing low-carbon product development and leveraging its diversified investment portfolio to bolster profitability.