Taiwan Cement completed the acquisition of the remaining 60% stake in Cimpor for €480m.

Taiwan Cement, a cement company, completed the acquisition of the remaining 60% stake in Cimpor, a Portuguese cement group, for €480m. TCC, through its recent expansion, now holds 100% ownership of Portugal's Cimpor company, which operates the world's second commercial cement plant using 90% biomass fuel in Cameroon, Africa. Additionally, in Ivory Coast, the company has established the world's first large-scale production base for calcined clay cement, which reduces carbon emissions by at least 40% compared to traditional cement after mixing and roasting clay blends. Upon holding 100% ownership of Cimpor, TCC will expand its research and development efforts in low-carbon cement and continue to develop ultra-low-carbon cement. The goal is to become one of the brands globally capable of producing the lowest carbon cement by 2025.