TAIPEI (Taiwan News) — TCC Group Holdings will spend NT$26.8 billion (US$840 million) to build its headquarters, Tower Urban Oasis, in Taipei’s Xinyi District, with completion expected in 2031.
TCC said the headquarters will consist of three buildings, with one for the company’s own use and the other two planned for lease or sale. The project is under review by the Taipei City Government’s urban design commission, per CNA.
The buildings will use the company’s self-developed high-performance concrete and incorporate its low-carbon building materials. They will also feature earthquake-resistant designs, rooftop solar panels, and energy storage systems to reduce carbon emissions.
To reduce air-conditioning use, the buildings will feature extensive plant coverage to lower indoor temperatures. The company said the project reflects its shift from a traditional cement maker to a supplier of low-carbon cement and building materials.
TCC is looking to expand in Europe, citing strong demand for infrastructure, low-carbon cement, and energy storage. Europe accounts for 32.5% of the company’s cement business, followed by China at 24% and Taiwan at 18.5%. Its European energy storage operations make up 12% of the total, making the region a key market.
The company also acquired Portuguese cement maker Cimpor to strengthen its position in Europe’s low-carbon cement market. In January, Atlante, a TCC subsidiary, won contracts to build EV charging stations at six Italian highway service areas, enabling the use of TCC’s energy storage units to supply power for the chargers.
Former CTBC Financial Holding Chairman Jeffrey Koo (辜仲諒) spent NT$10.2 billion to acquire 406,100 shares of TCC between late last year and March, securing a 5.26% stake in the company. He is rumored to be aiming for a seat on TCC’s board in next year’s re-election.
A fire at Molicel, another TCC subsidiary, broke out at its lithium battery plant in Kaohsiung in July, causing losses of NT$11 billion. The incident led to a significant drop in TCC’s share price at the time.
