Taiwan Cement’s revenue falls by 7% to US$4.02bn in 2020

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Taiwan: Taiwan Cement’s revenue fell by 7% year-on-year to US$4.02bn in 2020 from US$4.32bn in 2019. Net income grew by 4% to US$881m.

Senior vice president Edward Huang said, "In 2020, Taiwan Cement made achievements in many aspects. In additional to our sound financial performance, we also committed to the Global Cement and Concrete Association (GCCA)’s Climate Ambition aspiring to deliver carbon neutral concrete to society by 2050. Even though challenges such as Covid-19, global economic volatility and climate change remain in 2021, Taiwan Cement is well-prepared as we continue to see stable profits in the cement industry, expand our waste treatment and energy businesses and move towards our carbon emissions reduction targets."

Last modified on 24 March 2021

URL: https://www.globalcement.com/news/item/12168-taiwan-cement-s-revenue-falls-by-7-to-us-4-02bn-in-2020

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