China's industrial overcapacity and a prolonged real estate slump continue to weigh on cement demand across both sides of the Taiwan Strait, prompting Taiwan Cement Corporation (TCC) to accelerate its overseas expansion. The company is leaning on high-margin, low-carbon cement operations in Turkey and Portugal, along with its fast-growing European energy-storage business, as its next major growth engines. TCC said its Europe-Africa cement operations and new-energy ventures have become its third and fourth pillars, and it is targeting Europe's coming wave of urban renewal and a EUR10 billion (approx. US$11.5 billion) electricity-market opportunity.
Formosa Plastics Group (FPG) president Chia-chau Wu said China's rapid buildout of large-scale petrochemical plants has caused a lasting supply-demand imbalance that may take years to correct, with recovery expected by 2027. He added that electronic materials are now a key growth driver for the group and are projected to perform even better in 2026.
As the world accelerates toward net-zero carbon goals in 2025, the contest for control over future energy supply has reached a boiling point. At the center of this struggle lies the solar power industry, dominated by China's photovoltaic (PV) supply chain, which accounts for more than 80% of global production.
As Energy Taiwan and Net-Zero Taiwan 2025 open on October 29, Beijing has completed its second wave of export restrictions on lithium batteries and rare-earth materials. This move has jolted global clean-energy supply chains and forced industries worldwide to prepare for another round of structural reshuffling.
