Taiwan Cement Corporation (TCC Group) intends to acquire 100% of the shares in the Ukrainian cement producer PJSC “Ivano-Frankivskcement” (“IFCEM”), the company’s press office reported.
“The partnership will combine IFTSEM’s leading position in the Ukrainian market, its modern production facilities, long-standing industrial traditions, and strong team with TCC’s global experience, technologies, and investment capabilities. It lays the foundation for the group’s further development and its active participation in Ukraine’s large-scale recovery and the deepening of economic integration with Europe,” according to a statement on the “Ivano-Frankivskcement” website.
The relevant agreement will be concluded between the majority shareholder of PrJSC “Ivano-Frankivskcement,” CemInWest S.A. (Switzerland), together with the owners of the affiliated companies Ivano-Frankivskdakh LLC, Krugips LLC, Krumix LLC, and TCC Group EMEA Holdings B.V. (Netherlands)—a subsidiary of TCC Group Holdings Co., Ltd.
It is noted that the completion of the transaction is subject to obtaining the necessary antitrust approvals and other regulatory clearances in the relevant jurisdictions, as well as the fulfillment of standard closing conditions.
According to Mykola Kruts, Chairman of the Management Board and member of the Supervisory Board of “Ivano-Frankivskcement,” he will remain a member of the company’s board of directors in the coming years.
“Today, the company is entering a new phase of its development. The partnership with a global strategic investor from Taiwan opens up new opportunities for IFCEM in terms of investment, technological development, and further strengthening of its position. In the coming years, I will remain a member of the board of directors to ensure continuity, stability, and the company’s further development,” the company quotes Krut as saying in its statement.
The preliminary value of the deal is approximately 750 million euros, according to “Forbes Ukraine,” citing Focus Taiwan.
PJSC “Ivano-Frankivskcement” manufactures cement, roofing materials, concrete and reinforced concrete products, and dry construction mixes. Its production capacity stands at 4.3 million metric tons of cement per year. Approximately 2,500 people are employed at the group’s facilities.
Before the start of the full-scale war, NEQSOL Holding was close to acquiring “Ivano-Frankivskcement,” but subsequently withdrew from the deal.
According to data from the YouControl analytical system, in 2025, Ivano-Frankivskcement increased its net profit by a factor of 1.4 compared to the previous year, to 4.2 billion UAH, and its net revenue by 20.3%, to 16.2 billion UAH. In the first half of 2026, net profit decreased by a quarter compared to the same period in 2025, to 1.4 billion UAH, while net revenue fell by 4.2%, to 7.1 billion UAH. The company’s total assets amounted to 14.9 billion UAH.
TCC Group Holdings Co., Ltd. is a global industrial group based in Taiwan and one of the world’s largest cement producers. The group operates more than 40 production sites, with a combined cement production capacity exceeding 112 million metric tons per year, and employs 13,800 people. TCC is also developing initiatives in green energy, energy storage systems, and advanced materials. TCC has a significant presence in Europe and Africa, particularly in Portugal, Turkey, Spain, the United Kingdom, the Netherlands, France, and Italy.
AGREEMENT, CEMENT, INVESTMENT, IVANO-FRANKIVSKCEMENT, TCC Group
PrJSC Ivano-Frankivskcement (Yamnytsia, Ivano-Frankivsk region) received UAH 1.31 billion in net profit in 2020, which is 60% more than in 2019.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission on the online annual meeting of shareholders on May 20, net earnings per share amounted to UAH 990.18 (versus UAH 618.68 in 2019).
Retained earnings of the company in 2020 increased by 37% compared to the previous year, to UAH 3 billion. Total accounts receivable increased by 56.4%, to UAH 533.5 million, long-term liabilities decreased by 24.7%, to UAH 772.9 million, and current ones by 1%, to UAH 1.27 billion.
Over 2020, the company’s assets increased by 12% and amounted to UAH 5.31 billion.
In addition, the shareholders intend to allocate UAH 215 million to pay dividends from profits for 2018 and 2019, and retain profit received over the last year. It is also planned to terminate the powers of the entire supervisory board of the company.
PrJSC Ivano-Frankivskcement was established in 1999 by transforming Ivano-Frankivsk Cement and Slate Combine, based on the cement plant in 1964. It is engaged in the production of cement, slate, plaster, and gypsum medical bandage. The enterprise exports its products to Romania, Moldova, and Belarus.
The major shareholder of the company for the first quarter of 2020 was CemIn West SA (96.6125%, Geneva, Switzerland). The ultimate beneficiary is Mykola Kruts.
The charter capital totals UAH 133.1 million as of for April 2021.
