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Taiwan Cement income grows in first quarter due to business in Taiwan and Europe


Taiwan Cement income grows in first quarter due to business in Taiwan and Europe
Written by Global Cement staff
19 May 2021
Taiwan: Taiwan Cement’s revenue rose by 11.3% year-on-year to US$788m in the first quarter of 2021. Its income increased by 11% to US$119m. It attributed this to profit growth in its cement businesses in Taiwan and Europe despite ‘weak’ sales prices in China.
Chairman Nelson Chang said, “To reduce carbon emissions, using alternative fuel and material for cement production, adopting renewable energy, and expanding energy storage usage are crucial and Taiwan Cement aims to play our role in helping society achieving the goal of a low carbon environment.” In 2020 the group processed over 9Mt of alternative fuels in its Greater China business. ....

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Taiwan shares end up but come off high


Taiwan shares end up but come off high
05/14/2021 05:21 PM
CNA file photo
Taipei, May 14 (CNA) Shares in Taiwan staged a technical rebound to close 1 percent higher Friday after heavy losses over the past three trading sessions, with investors picking up bargains, in particular in the bellwether electronics sector in the wake of a rally on U.S. markets overnight, dealers said.
However, gains were capped ahead of stiff technical resistance at around 16,000 points, with the market concerned by rising domestically transmitted COVID-19 cases as well as possible volatility among U.S. tech stocks on their high valuations, they said.
The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended up 156.99 points, or 1 percent, at 15,827.09, after moving between 15,702.10 and 16,075.48. Turnover totaled NT$510.51 billion (US$18.25 billion). ....

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