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News Taiwan Cement Corporation to diversify towards 50% non-cement sales in 2025

Taiwan Cement Corporation to diversify towards 50% non-cement sales in 2025

Written by Global Cement staff 02 June 2023
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Taiwan: Taiwan Cement Corporation aims to diversify its business away from cement by increasing its sales from energy storage and vehicle charging. It aims to derive over 50% of its revenues from other activities besides cement by 2025. The Taipei Times newspaper has reported that the producer will continue to produce 80Mt/yr of cement. The company said that the reason behind its planned diversification is its responsibility to help reduce global net CO2 emissions.

Chair Nelson Chang said “Carbon reductions must be fast and efficient, and the use of solar and other green energy resources in producing cement is not enough to offset carbon emissions. That means Taiwan Cement has to press ahead and develop carbon capture techniques that would help mitigate the negative impact of cement production on the environment.”

Last modified on 07 June 2023
Published in Global Cement News
Tagged under
  • Taiwan
  • Taiwan Cement Corporation
  • CO2
  • Sustainability
  • diversification
  • energy storage
  • batteries
  • vehicle
  • charging stations
  • carbon capture
  • Strategy
  • target
  • GCW611
  • decarbonisation

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