TAIPEI, Could 18, 2021 /PRNewswire/ — Taiwan Cement Corp. (“TCC”) introduced first quarter 2021 consolidated monetary report.
- Income was NT$22.037 billion, 11.3% YoY progress
- Web earnings attributable to shareholders of the company was NT$3.319 billion, 10.6% YoY progress, benefitted from revenue progress within the cement companies in Taiwan and Europe.
- Fundamental EPS was NT$0.57, 9.6% YoY progress
Robust Demand in Cement Markets
The general cement enterprise contribution continued to develop in first-quarter 2021. Regardless of weak gross sales costs within the Mainland China cement companies within the first quarter of 2021, the gross sales costs have been rising steadily beginning in April, pushing gross margin to rebound again to the conventional second-quarter degree. In Taiwan cement and RMC market, because of sturdy infrastructure and property demand, gross margin grew to 21.5% in first-quarter 2021 in comparison with 15.3% in first-quarter 2020. Abroad cement companies have been exhibiting steady progress as Turkey cement market noticed gross sales quantity grew by 30% YoY in 2020 whereas cement worth confirmed 25% YoY progress. Portugal cement market skilled 12% YoY progress in gross sales quantity in 2020 whereas cement worth stays increased than most markets on the planet.
Diversification and Internationalization of our Energy Enterprise
TCC has been actively creating our renewable power enterprise corresponding to wind energy, photo voltaic, geothermal and ocean thermal power conversion (OTEC) whereas increasing our power storage, sensible grid (microgrid), and high-end battery manufacturing companies that goals to assist cut back carbon and generate wholesome income.
TCC introduced in March 2021 to take a position as much as NT$10 billion for constructing a brand new 1.8GWh tremendous battery plant. This would be the largest battery plant in Taiwan. In April 2021, TCC’s subsidiaries, TCC Inexperienced Vitality and E-Moli, collectively accomplished and activated Taiwan’s first computerized frequency management system (AFC) with power storage system (ESS) set up capability of 5MW. That is Taiwan’s first large-size power storage venture. Linked to the grid, AFC helps the state-owned energy supplier, Taiwan Energy, to increase its ESS energy auxiliary companies to proceed offering steady power provide.
As well as, TCC introduced in the identical month to amass 60.48% of widespread shares of Italy-based, France-listed power storage and electrical automobile (EV) charging infrastructure supplier, ENGIE Eps, and turn into the most important shareholder of the corporate. The cooperation with ENGIE Eps might help TCC to turn into a complete storage resolution supplier and enter the worldwide markets for EV quick chargers, sensible grid (microgrid), and hydrogen.
Waste Remedy and Carbon Discount
TCC makes use of industrial and poisonous wastes for different gas and materials. In 2020, the entire different gas, materials, clinker and cement utilized in TCC’s Larger China companies reached over 9 million tons, equal to decreasing 6.2 million tons of carbon emissions.
Nelson Chang, TCC Chairman, said, “Local weather change and waste remedy are the 2 main points confronted by fashionable society as we speak. Specifically, not solely do corporations must quickly cut back a big quantity of air pollution, wastes, and carbon emissions, but additionally must actively assist the Earth to restore the damages on the surroundings attributable to people previously lots of or extra years.” Chairman Chang believes renewable power is the one alternative to take care of financial progress sooner or later as a result of if carbon emissions proceed to rise, local weather change will produce huge disasters, subsequently, carbon discount is a very powerful matter. To scale back carbon emissions, utilizing different gas and materials for cement manufacturing, adopting renewable power, and increasing power storage utilization are essential and TCC goals to play our position in serving to society reaching the purpose of a low carbon surroundings.
Taiwan Cement Corp.: https://www.taiwancement.com/en/index.html
SOURCE Taiwan Cement Corp.