TAIWAN CEMENT Business Summary

TCC Group Holdings Co., Ltd. (1101.TW), formerly Taiwan Cement Corporation, operates a diversified industrial model centered on three strategic pillars: low-carbon building materials, resource recovery, and green energy. The company generates revenue through the global production and sale of cement and ready-mix concrete, power generation, and an expanding portfolio of high-tech energy solutions including lithium-ion battery manufacturing (via Molicel) and energy storage systems (via NHOA). Following its strategic acquisition of Cimpor Global Holdings and OYAK Cement, TCC has significantly expanded its footprint in Europe and Africa, positioning itself as a leader in the global transition to carbon-neutral construction. Its primary competitors include Asia Cement Corporation, Anhui Conch Cement, and China National Building Material (CNBM). TCC distinguishes itself from these traditional peers by maintaining a higher technological moat in energy storage and EV charging infrastructure, effectively transitioning from a regional commodity producer to a global green technology conglomerate. Leadership is spearheaded by Chairman Nelson An-ping Chang, a prominent industrialist and son-in-law of the late founding patriarch Koo Chen-fu, who has been the primary architect of the group’s "Total Climate Commitment" pivot. The executive team includes President Roman Yao-Hui Cheng, who oversees global operations and the integration of international subsidiaries, and CFO Randy Yu, who was recently appointed to the board to manage the group’s complex green finance and M&A strategies. The company’s governance is characterized by the long-standing influence of the Koo family, balanced by significant institutional investment from global entities such as GIC and Norges Bank. This leadership structure combines decades of heavy industry expertise with a specialized focus on the circular economy, ensuring the company remains at the forefront of ESG-driven industrial transformation as of March 2026.