Taiwan Cement’s China earnings rise seven-fold
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. Published under Cement News
