Taiwan Cement Corp., Taiwan’s largest producer of cement,
recently announced CNY896m (US$138.5m), in earnings from operations in
China in the first half, up seven times YoY, to which the maker
attributes higher product prices and successful capacity expansions in
the first half.
Taiwan Cement’s subsidiary in China – TCC International
Holding Ltd. – registered CNY280m and CNY616m in earnings in the first and
second quarters, respectively. Some NT$1.553 of Taiwan Cement’s total
earnings in the first half will be contributed by its 56.5% stake in TCC
International.
