UNIVERSAL CEMENT Business Summary

Universal Cement Corp (1104.TW) operates a diversified industrial business model primarily generating revenue through the manufacture and distribution of construction materials, with ready-mixed concrete (RMC) serving as its largest top-line contributor at approximately 50% of total sales. The company is organized into two core segments: Construction Materials, which encompasses cement, RMC, and fire-resistant gypsum boards, and the Asset Management Center, which oversees real estate leasing and strategic investment activities. Notably, the firm has expanded into high-tech verticals through its subsidiary, Uneo Inc., which specializes in advanced micro-deformable piezoresistive pressure sensors for the consumer electronics and medical sectors. Within the Taiwanese market, Universal Cement maintains a dominant competitive position as the leading gypsum board manufacturer with a near 90% market share, competing directly with major domestic players such as Asia Cement Corp (1102), Goldsun Building Materials (2504), and Lucky Cement while positioning itself as a premium, vertically integrated supplier. Founded in 1959 by industrial pioneers Wu Shan-Lien and Hou Yu-Li, the company remains under the strategic stewardship of the Hou family, ensuring long-term continuity in its leadership. The current executive team is led by Chairman and President Bo Yi Hou, a graduate of National Cheng Kung University who is credited with spearheading the company's diversification into microelectronics, and CEO Johnson (Chih-Sheng) Hou, who has served in the role since July 2020. Supporting the C-suite is Chief Operating Officer Hou Chih-Yuan, appointed in 2023 to streamline production across the firm’s 11 RMC plants and multiple gypsum facilities. The company’s governance is supported by a mix of legacy family holdings and institutional investors, including The Vanguard Group and local entities such as Yusheng Investment and Bozhi Investment, reflecting a stable capital structure that balances traditional manufacturing excellence with modern technological innovation.