SLAP IT ON:The cement maker plans to manufacture astaxanthin, a key ingredient in high-priced skincare products, but it did not offer a production timetable
Dated: Jun 29, 2017
By: Kuo Chia-erh / Staff reporter
Taiwan Cement Corp (台灣水泥), the nation’s leading cement maker, yesterday said it is to launch a new “green” energy development project by the end of this year, as part of its long-term business strategy to drive growth momentum.
“As well as our core [cement] business, we hope that the new project would contribute to the company’s operations over the next three to five years,” company chairman Nelson Chang (張安平) told reporters after the firm’s annual shareholders’ meeting in Taipei.
The firm is particularly interested in wind power, solar energy and geothermal energy, he said, but declined to elaborate.
“We are still assessing the possibility of forming a joint venture for the project, but we must develop our own technologies first,” Chang said, adding that the firm would establish a team of experts from its subsidiary Hoping Power Co (和平電廠).
The chairman yesterday also expressed concerns over the outlook for the local cement industry, saying that Taiwan should strike a balance between the interests of the industry and environmental protection.