News / Taiwan / cnyes
Cement Giants Report August Revenue Growth: TCC Hits Record High
Process Industries · Industrial Specialties · cnyes · 2026-09-10
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Taiwan Cement Corporation and Asia Cement reported their August revenue, with TCC achieving a record high driven by overseas expansion and energy storage projects.
What Happened
TCC Revenue Performance: Taiwan Cement Corporation (TCC) reported August revenue of NT$13.516 billion, a 10.6% year-on-year increase that set a new record for the period. The growth was primarily driven by strong performance in its Turkish and Portuguese cement operations, alongside increased EPC project volume from its NHOA Energy subsidiary.
Asia Cement Results: Asia Cement posted August revenue of NT$5.59 billion, marking a 3.5% month-on-month increase. While the broader cement market in both Taiwan and China faces demand challenges, Asia Cement’s diversified business portfolio and strategic investments helped mitigate headwinds.
Overseas Market Drivers: TCC’s international expansion has proven vital, with significant revenue contributions from OYAK Cement in Turkey and Cimpor in Portugal. These segments have been instrumental in driving a 2.7% year-to-date revenue growth, underscoring the success of the company’s global diversification strategy.
Industry Outlook: Cement manufacturers remain cautious regarding the industry outlook due to ongoing real estate market fluctuations and project delays. Companies are focusing on enhancing competitiveness and profitability through strategic investments and by expanding into non-cement sectors.