Taiwan Cement's Diversified Market Strategy Gains Recognition, Shares Surge Nearly 7% to 5-Month High

Taiwan Cement (1101-TW) continues to optimize its business and market structure. Following yesterday’s investor briefing, its share price surged nearly 7% today (1st), reaching a high of NT$26.1, the highest level in nearly five months.

In recent years, Taiwan Cement has actively expanded its cement market presence beyond mainland China and Taiwan. In the first half of this year, cement-related revenue accounted for 82% of total revenue, with operations in Turkey and Portugal contributing 44%—surpassing the combined 38% from Taiwan and mainland China. Cement businesses in Turkey and Portugal have now become a key pillar for the group’s revenue and profitability.

Beyond cement, energy-related revenue accounts for 6%, social transition energy for 10%, and other businesses for 2%. The benefits of Taiwan Cement’s diversified market and business portfolio are becoming increasingly evident.

In mid-August, Taiwan Cement’s board approved the integration of its cement and concrete building materials operations in Turkey, Portugal, and Africa into a newly established subsidiary, Cimpor International Holdings. This subsidiary will serve as the primary entity to apply for an initial public offering (IPO) and listing on an overseas securities exchange.