Taiwan Cement Corp.

1101

TW0001101004

Construction Materials

End-of-day quote Taiwan S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
31.8 ^TWD	-0.62%		-0.62%	-8.75%

Apr. 16	NHOA: commissioning of a project for Taiwan Cement	CF
Mar. 20	Taiwan Cement Corp. Announces Common Shares Dividend Distribution for Fiscal Year Ended December 31, 2023	CI

Taiwan Cement Corp. agreed to acquire 60% stake in Cimpor Portugal, SGPS, S.A. from Ordu Yardimlasma Kurumu for ?480 million.

November 26, 2023

Taiwan Cement Corp. (TWSE:1101) agreed to acquire 60% stake in Cimpor Portugal, SGPS, S.A. from Ordu Yardimlasma Kurumu for ?480 million on November 27, 2023. In Related transaction, Taiwan Cement agreed to acquire additional 20% stake in OYAK Denizli Cement from Ordu Yardimlasma Kurumu ?193.4 million.

Following the transaction, Taiwan Cement will be sole shareholder of Cimpor Portugal. As of January 26, 2024, The Competition Authority (AdC) gave the green light to the acquisition of exclusive control over Cimpor by Taiwan Cement. Gwen Wong, and Juan Rodriguez of Sullivan & Cromwell LLP acted as legal advisor to Taiwan Cement.

Orcun Solak and Eren Kursun of Baker McKenzie acted as legal advisor to Ordu Yardimlasma Kurumu.

Latest news about Taiwan Cement Corp.

NHOA: commissioning of a project for Taiwan Cement	Apr. 16	CF
Taiwan Cement Corp. Announces Common Shares Dividend Distribution for Fiscal Year Ended December 31, 2023	Mar. 20	CI
Taiwan Cement Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 28	CI
Taiwan Cement Corp. Announces Corporate Sustainable Development Committee Appointments	Dec. 21	CI
Taiwan Cement Corp. agreed to acquire 60% stake in Cimpor Portugal, SGPS, S.A. from Ordu Yardimlasma Kurumu for ?480 million.	Nov. 26	CI
Taiwan Cement Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 09	CI
Taiwan Cement Files for Singapore Listing of $420 Million of Bonds Due 2028	23-10-24	MT
NHOA: energy storage project commissioned in China	23-09-25	CF
NHOA Unit Installs Energy Storage System in China	23-09-25	MT
TCC International Holdings Limited announced that it has received $202 million in funding from Taiwan Cement Corp.	23-08-29	CI
NHOA: launch of a capital increase	23-08-29	CF
Taiwan Cement Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-09	CI
Taiwan Cement Corp. Approves Cash Dividend for 2022, Payable on August 9, 2023	23-05-31	CI
Taiwan Cement Corp. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-11	CI
Taiwan Cement Corp. Announces Dividend Distribution for Fiscal Year 2022	23-03-24	CI
Minesto Joins Taiwan Cement Green Energy to Study Tidal, Ocean Current Energy	23-02-27	MT
Taiwan Cement Corp. Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-23	CI
Tranche Update on Taiwan Cement Corp.'s Equity Buyback Plan announced on January 4, 2023.	23-02-15	CI
Taiwan Cement Corp.'s Equity Buyback announced on January 4, 2023 has closed with the repurchase of 20,000,000 shares, representing 0.22% for TWD 732.46 million.	23-02-14	CI
Taiwan Cement Corp. announces an Equity Buyback for 20,000,000 shares, representing 0.27% for TWD 106,225.89 million.	23-01-04	CI
Taiwan Cement Corp. authorizes a Buyback Plan.	23-01-03	CI
Atlante S.r.l announced that it expects to receive €25 million in funding from Taiwan Cement Corp.	22-12-29	CI
NHOA S.A. announced that it expects to receive ?20.528 million in funding from Taiwan Cement Corp.	22-12-29	CI
Taiwan Cement Buys 60% Stake in EV Charging Firm for About $5 Million	22-12-19	MT
Taiwan Cement Corp. Announces Executive Changes	22-12-13	CI

Chart Taiwan Cement Corp.

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Company Profile

Taiwan Cement Corporation is a Taiwan-based company principally engaged in the manufacture and sales of cement and ready-mixed concrete. The products of the Company include Portland cement type I, Portland cement type II, Portland cement type III, Portland cement type V, low-temperature and low-alkaline cement and high-strength cement. The Company operates businesses in Taiwan market and overseas markets. The Company is also engaged in ship transportation, the manufacture and sales of cement machinery and the provision of cement processing services through its subsidiaries.

Sector

Construction Materials

Calendar

2024-05-13 - Q1 2024 Earnings Release (Projected)

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Ratings for Taiwan Cement Corp.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

31.8 TWD

Average target price

32.28 TWD

Spread / Average Target

+1.51%

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Company calendar

Sector Cement & Concrete Manufacturing

	1st Jan change	Capi.
TAIWAN CEMENT CORP.	-8.75%	7.34B
HOLCIM LTD	+19.81%	48.58B
JAMES HARDIE INDUSTRIES PLC	-2.89%	15.52B
ANHUI CONCH CEMENT COMPANY LIMITED	-1.00%	15.46B
SHREE CEMENT LIMITED	-15.75%	10.44B
EAGLE MATERIALS INC.	+26.55%	8.84B
DANGOTE CEMENT PLC	+105.28%	8.27B
XINJIANGTIANSHAN CEMENT CO.,LTD	-0.30%	7.96B
BUZZI S.P.A.	+23.60%	6.73B
ACC LTD	+14.55%	5.7B

Cement & Concrete Manufacturing