Taiwan Cement aims to boost return on equity to 25 per cent

Taiwan Cement aims to boost return on equity to 25 per cent
Published: 19 November 2007

Taiwan Cement Corp aims to raise the return on equity (ROE) to 25 pct from the current 12-13 per cent, the Economic Daily News quoted the company’s chairman Koo Cheng-yun as saying. The report did not provide a timeframe for achieving the target. Taiwan Cement will continue to expand its core business while selling non-core operations, as part of efforts for boosting the ROE, the official said. The company plans to have total annual capacity of 60 mln metric tons by 2012, of which 10 mln tons will be in Taiwan while the remainder will be in mainland China, according to the report. The China operations will have annual capacity of 9 mln tons by end of this year, the report said.