Chronicle of Major Events

TCC Group Holdings’ revenue in December 2024 reached 16.543 billion NTD, making a 73.9% year-on-year increase and setting a new historical monthly record. The total revenue for 2024 was 154.909 billion NTD, representing a 42.6% year-on-year growth, the highest in the company’s history.

TCC Group Holdings selected as a constituent of FTSE4Good TIP Taiwan ESG Index; and received the C+ PRIME rating from ISS ESG, which is considered the most influential rating agency for foreign investors.

TCC Group Holdings has been selected as a constituent of both the Dow Jones Sustainability World and Emerging Markets Indices, marking the first instance for Taiwan's construction materials industry. TCC achieved an overall score of 85, ranking second in the global construction materials industry. Notably, TCC scored the highest globally in the environmental dimension (E).

TCC Group Holdings was awarded the “Top 10 Sustainable Model Enterprises Award” by the Taiwan Corporation Sustainability Awards (TCSA) for four consecutive years.

TCC’s subsidiary-Molicel obtained AS9100:D certification, fulfilling its unwavering commitment to quality, reliability, and safety.

TCC issued the first Sustainability-Linked Convertible Bonds (SLCB) in Taiwan with a total issuance amount of 8 billion NTD, and it was listed on the Taipei Exchange, demonstrating TCC Group Holdings' commitment to comprehensive climate promises and sustainable transformation.

TCC Group Holding held an inauguration ceremony for its Mainland China operations headquarters, the C.F. KOO Building. The design of the C.F. KOO Building fully embodies TCC Group Holding’s three major pillars of the global expansion across five continents: low-carbon building materials, resource recycling, and green energy. The C.F. KOO Building is a cutting-edge smart building with solar, energy storage, and charging integration.

TCC DAKA was awarded the Outstanding Construction Project Award from the Taiwan Concrete Institute.

TCC Group Holdings was awarded the Low Carbon Building Material Certification from the Ministry of the Interior.

TCC Group Holdings has been ranked among the "Top 100 Carbon Competitiveness" for three consecutive years and has achieved "double Champions".

TCC Group Holdings formed the ‘Low Carbon Building Alliance’, inviting over 100 construction companies that use low-carbon limestone cement and limestone concrete to join.

TCC Group Holdings profit in the third quarter increased by 1.5 times year-on-year, reaching a net profit of 3.141 billion NTD, also setting a new historical high for October revenue.

TCC Group Holdings was awarded with ‘ESG Development Research Report’ at the Beijing Building Materials Industry Conference.

TCC Suao Plant received the first nationwide Silver Award for "Outstanding Corporate Action in Air Pollution Response" from the Ministry of Environment.

Hoping plant and Hoping Ecoport participated Taiwan Science Train organized by National Science and Technology Council (NSTC), using interesting experiments to bring students closer to science.

TCC Group Holdings has been listed in the CRIF Asia Top 1,000. The key factor for being listed is its ESG performance.

At the supplier conference, TCC Group Holdings committed to completing the product carbon footprint by 2025 and achieving a 10% self-reduction in carbon emissions by 2030. In response to CBD COP16, TCC called on 10 supplier partners of the Hoping Power Plant to jointly participate in the "Hoping Welcomes You - Little Tern Conservation Project," aiming to increase the little tern breeding success rate by 10% within three years.

TCC Group Holdings joined the launch of the Corporate Mentorship Program at National Chung Hsing University, emphasizing talent development as crucial for sustainability. The program helps students understand the group's carbon reduction and sustainability strategies and gain practical experience in new energy industries.

TCC Green Energy's geothermal power generation has been identified by the Energy Administration, M.O.E.A., as a key geothermal project for 2025, expected to provide 1MW of power generation capacity.

Until August, TCC DAKA Renewable Resource Recycling Center (RRRC) has processed a total of 38,712 metric tons, reduced carbon emissions by 252 metric tons, and saved approximately NT$47.28 million in expenses.

TCC Group Holdings reported that its September revenue benefited from the low-carbon markets in Turkey and Portugal, as well as from green electricity generation and power trading income. The consolidated revenue reached approximately NT$13.33 billion, marking a year-on-year increase of 52.6%.

NHOA.TCC partnered with Volkswagen Taiwan to jointly establish an ultra-fast integrated charging station, which is expected to help reduce more than 40 tons of carbon emissions from the grid annually.

TCC Group Holdings has published TNFD Report. The Report showed that in 2023, the revenue created by low carbon products and service was over NT$40.5 billion, which stands for 37% of the consolidated total revenue.

TCC Group Holdings were shortlisted in the “100 Best Companies for Strong Generation”, because of its well-developed policies like promotion path, employee stock option program, insurances schemes of retired employees.

TCC Group Holdings has won the third place in large manufacturing enterprise category of “CommonWealth Sustainable Citizen Award” awarded by CommonWealth Magazine.

TCC Group Holdings released its latest TCC Sustainability Report (Simplified Chinese Ver.), aiming to complete the SBTi carbon reduction targets under the 1.5°C pathway by the end of this year for its cement plants in Taiwan and Mainland China. In 2023, the carbon emission intensity of Mainland China factories was 0.675 tons of CO2e per ton of cementitious materials, an 8% decrease compared to the 2016 baseline year.

TCC Group Holdings has been actively implemented climate actions, and submitted its 2030 carbon reduction target following the 1.5°C pathway in July. Meanwhile, TCC Group Holdings also committed to achieving net-zero emissions by 2050, becoming net-zero partner in SBTi.

TCC Group Holdings was selected as one of TIME magazine's "2024 Global 500 Most Sustainable Companies", and was the only construction material company from Asia to be included.

TCC Group Holdings’ Portuguese subsidiary, CIMPOR, has launched the world’s first innovative cement production plant in Cameroon, which operates without a cement kiln and uses low-carbon calcined clay instead of high-carbon clinker, achieving a 40% carbon reduction compared to traditional cement plants.

TCC’s subsidiary Ta-ho Maritime Corporation signed a contract with Mainland China’s Jiangsu Haitong Offshore Engineering Equipment Co., Ltd. to build two 63,500-ton Ultramax eco-friendly bulk carriers, which are expected to be completed and delivered by 2026. Ta-ho hoped that the diversified routes in the future will help TCC Group Holdings expand its low-carbon cement market in Europe, Asia, and Africa.

S&P Global Ratings, one of the world's top three credit rating agencies, affirmed TCC Group Holdings’ "BBB-" investment grade rating with a "Stable" outlook, following Fitch Ratings’ similar assessment in December 2023, making it the second international rating agency to award TCC this credit rating.

TCC Group Holdings was awarded the "Asia’s Best Employer Award" by the human resources magazine HR Asia for the third time, recognizing the Company’s exceptional scores in the "Core," "Self," and "Group" categories, far exceeding the average scores of participating companies.

TCC Group Holdings announced its revenue in June, with consolidated revenue reaching NT$13.7 billion, marking a year-on-year increase of 55% and a growth of NT$4.8 billion compared to the same period last year. The accumulated consolidated revenue for the first half year was NT$64.8 billion, a year-on-year increase of NT$10.9 billion and a yearly growth of 20.3%.

Taiwan Ratings confirmed the Long-Term Issuer Credit Ratings of TCC Group Holdings as "twA+" and its Short-Term Issuer Credit Ratings as "twA-1". The outlook for TCC’s long-term rating is "Stable".

Vakangan Hot Spring Park, a property TCC Green Energy entrusted FDC International Hotels Corporation to manage, supporting Taitung farmers by helping them market their local product "Golden Diamond Pineapples" digitally. The company also promoted and sold these pineapples through the hotels under LDC Hotels & Resorts, purchasing a total of 1,920 kilograms, aiding the economic development of Yanping Township.

TCC Group Holdings released its 2023 Sustainability Report, showcasing its global layout across five continents, 13 markets, and 11 industries, along with its 10 major decarbonization and green transformation strategies. The Company also saw NT$30.8 billion in cash inflows from sustainable and green financing.

TCC Group Holdings’ subsidiary, Hoping Industrial Port Corporation has won the 9th National Environmental Education Awards in the private enterprise category, being the only private company to receive the high distinction award.

Molicel Xiaogang Plant has received dual gold certification in U.S. LEED and Taiwan EEWH green building standards, becoming Taiwan's first advanced lithium battery factory to receive green building certification.

TCC Group Holdings, in cooperation with the Financial Supervisory Commission's release of the "IFRS Sustainability Disclosure Blueprint," was the first to announce "Decarbonization and Green Transition" financial figures. Related investments accounted for 68% of last year's total expenditures, generating NT$48.8 billion in revenue, which represents 40% of total revenue. The Company also saw an increase in sustainable and green financing cash inflows of NT$30.8 billion.

TCC’s subsidiary, NHOA Energy, signed an agreement with Statkraft, Europe’s largest renewable energy producer, to launch a 113MWh battery energy storage project in Coylton, Scotland, as part of the second phase of the NOA project, with the responsibility for supply and long-term service.

TCC Group Holdings was selected by Taiwan Index Plus Corporation to be included in the "Taiwan Sustainability Index" and received the exclusive Taiwan Sustainability Index label.

Board of Directors of TCC Group Holdings has announced that they decided to acquire the remaining 11.13% stake in Italian energy storage company NHOA S.A. at a cash price of 1.1 euros per share (about NTD$38.4), indirectly holding 88.87% of its subsidiary Taiwan Cement Europe Holdings B. V..

TCC Group Holdings planned to build a 50MW energy storage facility on the site of the old Chiahsin cement plant in Gangshan District of Kaohsiung City. This facility will supply electricity to 12,000 households, using only 5.5% of the total plant area.

A research team from National Central University’s Polar Research Center will head to the Arctic by May 25th, carrying 170 valuable Taiwanese millet germplasm to Svalbard Global Seed Vault to preserve its genetic diversity.

Taiwan Cement Corporation (TCC) held its shareholders' meeting, officially announcing the transformation of the 78-year-old company into a group holding company, shifting its English name from Taiwan Cement Corporation to TCC Group Holdings.

CommonWealth Magazine announced its "Top 2000 Enterprises Survey". Leading companies like Sinyi Realty, Taiwan Power Company, Chunghwa Telecom, Hotai Motor, CPC Corporation, China Steel, Nan Ya Plastics, and TCC Group Holdings were all listed. These companies have been included for 30 consecutive years and have long maintained leading positions in their categories.

The Public Construction Commission has begun establishing a "Carbon Emission Intensity Database", with trial operations expected to start by mid-May. This database will help government agencies calculate carbon emissions and establish baseline values, encouraging the construction industry to adopt low-carbon construction methods. It is reported that more than 30 companies, including TCC, have already expressed interest.

Due to the strong earthquake in Hualien on April 3rd, TCC mobilized its employees on Apr 8th to convert its old office into a temporary shelter. The first group of 11 villagers from He-ren Village has successfully moved in. The equipment at Hoping plant was damaged and production was halted. Cement kiln No. 1 resumed operations on April 25th, and cement kiln No. 2 is expected to return to operation by May 28th.

TCC was awarded for top 5% in 2023 Corporate Governance Evaluation.

Taiwan Ratings believed that TCC by merging OYAK in Turkey and CIMPOR in Portugal into its financial reports will increase geographic diversification and profitability stability, as well as reduce the reliance on the Chinese cement market, and help TCC achieve more stable and robust profitability.

TCC's subsidiary, TTS, announced a partnership with VOLVO to jointly host the "Low Carbon EV Green Transportation Launch Ceremony". TCC will become the first company in Taiwan to use electric tractors to transport cement products, reducing the carbon emissions from cement transportation by 32%.

TCC officially launched its 35MW E-dReg energy storage system in Su'ao, Yilan, participating in Taipower's electricity trading. The average market clearing price was the highest among all electricity trading products in Taiwan. TCC is also the largest electricity trading aggregator in Taiwan, accounting for about 72% of the total E-dReg storage capacity in the country, reaching 145MW.