TCC Group plans to acquire Ivano-Frankivskcement for €750 million — Taipei Times
Taiwan’s TCC Group Holdings has approved a plan to acquire, through its Dutch subsidiary, Ukrainian cement producer Ivano-Frankivskcement and three other companies for approximately €750 million. As Taipei Times reports, the deal still requires regulatory approvals in Taiwan, Ukraine and other jurisdictions.
The companies TCC Group plans to acquire include roofing materials manufacturer Ivano-Frankivsk-Dakh, gypsum products producer KRU Gips and dry construction mixtures manufacturer KRU Mix. The final transaction price may be adjusted at closing to account for net debt and net working capital.
Expansion in Europe
TCC Group said it views the acquisition as an opportunity to expand its cement business from Southern and Western Europe into Eastern Europe and to participate in Ukraine’s long-term reconstruction after the war ends. According to the company, Ivano-Frankivskcement holds about 36% of the Ukrainian market, while its sales network primarily covers Poland and Romania, as well as Moldova, Slovakia and Hungary.
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The company’s production facilities are located in Ivano-Frankivsk, about 760 km from the front line in southeastern Ukraine. TCC Group said the plant did not halt production after the Russian Federation, an aggressor state, invaded Ukraine in 2022. The company has installed 50 MW of solar capacity and 19 MW of gas generation, which is intended to reduce dependence on the external power grid.
Financial results and investments
According to Ivano-Frankivskcement’s 2025 financial report, the company’s revenue increased by 20.3% year-on-year to UAH 16.25 billion, while gross profit rose by 40.3% to UAH 6.44 billion. Gross margin increased from 34% in 2024 to 39.6%, while net profit grew by 44.5%.
TCC Group appointed Morgan Stanley as financial adviser for the transaction. International legal, accounting, tax and environmental advisers conducted due diligence covering sanctions, labor matters, operations and currency controls. TCC does not rule out involving international financial institutions as co-investors. According to an estimate by the World Bank and the UN, Ukraine’s reconstruction needs over the next decade could reach $588 billion.
