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TCC August Revenue Climbs 10.6% Driven by European Cement and Energy Storage Growth
Process Industries · Industrial Specialties · economic_daily · 2026-09-10
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Taiwan Cement Corporation reported an August revenue of NT$13.52 billion, a 10.65% year-on-year increase, fueled by strong performance in its European cement operations and NHOA Energy's storage projects.
What Happened
Revenue Performance: Taiwan Cement Corporation (TCC) reported a consolidated revenue of NT$13.52 billion for August, marking a 10.65% year-on-year increase. For the first eight months of the year, cumulative revenue reached NT$98.73 billion, representing a 2.7% growth compared to the same period last year.
Cement Operations: Growth was primarily driven by the company's Turkish and Portuguese cement subsidiaries. OYAK Cement in Turkey maintained steady growth throughout the year, while Cimpor in Portugal benefited from higher cement prices, both significantly bolstering the group's top-line results.
Energy Transition: The Italian subsidiary, NHOA Energy, emerged as a key growth driver in August due to an increase in energy storage EPC project volume. Despite a slight decline in cumulative energy revenue for the year, the surge in August projects highlights the company's successful expansion into the green energy sector.
Strategic Outlook: TCC continues to leverage its global footprint to mitigate regional market risks while focusing on its energy storage and renewable energy portfolio. With stable European cement demand and ongoing storage project execution, the group remains focused on long-term growth and diversification.
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