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Inception |
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Mr. Ting Piao Chiao, the Honorary Chairman of Walsin Lihwa, is the founder of this company. Born in 1924 in Jiangyin County, Jiangsu Province, Mr. Ting Piao Chiao was forced out of school when young due to Wars. After fleeing Mainland China and moving to Taiwan, Mr. Ting Piao Chiao found Pacific Electric & Wire Co., Ltd. in conjunction with Mr. Sun Fa-min, commencing his career in the cable and wire industry.
In 1966, the predecessor of Walsin Lihwa was established with a capital of NT$30 million. The manufacturing site -- located in Xinzhuang, Taipei County -- first produced aluminum conductor cables and then construction-purpose steel wires. Three year later, this company merged Lihwa Wire and Cable and added copper conductor cables its product line, and today's Walsin Lihwa was born.
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1966 - 1987 Solid Foundation Laid |
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Taiwan's industrialization began during the early days of Walsin Lihwa, which enjoyed good business from major bridge, port, power plant, road, and telecommunications projects. At the same time, the company ushered in advanced equipment, improved technologies, and expanded product categories to provide very high quality of power and communication cables as well as copper and steel wires.
After Walsin Lihwa went public in 1972, its capital increased from NT$30 million at inception to NT$120 million. Since then, Walsin Lihwa was witnessing explosive revenue growth amid the takeoff of Taiwan's economy and commencement of Taiwan's 10 major infrastructure projects, laying a solid business foundation for the future.
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1987 - 1998 Diversification |
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A major step of diversification at Walsin Lihwa was the setup of a stainless steel mill of NT$6 billion in 1993 in Yanshui, Tainan, injecting new momentum for growth from a different business sphere.
Expansion into Mainland China is another significant decision initiated by Mr. Ting Piao Chiao, Chairman of Walsin Lihwa during this period, who foresaw the massive business potential across the Taiwan Strait. Starting from Shanghai, Walsin Lihwa has set up nearly 10 copper, wire and cable, and stainless steel operations along the downstream and midstream of the Yangtze River since 1992, and has also successfully developed sales channels throughout Mainland China.
At the same time, noticing the upcoming IR era, Walsin Lihwa began to found HannStar Board, HannStar Display, Passive System Alliance, and Winbond Electronics, transforming Walsin Lihwa into a conglomerate encompassing electronic component, optoelectronic, printed circuit board, semiconductor operations.
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1998-2005 Present Focus on Core Business |
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In order to strengthen competitiveness for the 21 st century, Walsin Lihwa has been pursuing corporate reengineering since 1998 to focus on business process reform and core competency enhancement. The strategy of diversification has therefore been shifted to focus on the core businesses operations: Wire & Cable and specialty steel businesses. Such a transition is planned and led by Chairman Chiao Yu-lon, who aims at long-term business sustainability by a sweeping enhancement of operation and service effectiveness in response to the expectations for high growth at customers. |
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2005-2009 Pursue business expansion by strategic deployment in Greater China |
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With the fruition of the investment in Mainland China, Walsin Lihwaˇs revenue broke the NT$100 billion mark in 2006. Since then Walsin Lihwa has had an even stronger business foundation, leveraging the market of Mainland China as its growth engine to expand of the capacity of copper materials, power cables and wires, and special steel while improving the product mix in order to win the infrastructure business opportunities there. Moreover, Walsin Lihwa has been developing environmentally sound photonics for the advent of a green energy era. |
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Milestones |
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| 1966
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Walsin Electric Wire & Cable Corp. founded. |
| 1969 |
Walsin merged Lihwa to form Walsin Lihwa Wire and Cable Corporation. |
| 1970 |
Collaborated
with Western Electric, USA and Fujikura Corporation,
Japan to produce plastic-insulated alpeth telephone
cables. |
| 1971 |
Initiated
technical cooperation with Sumitomo Electric, Japan,
to produce boat cables. |
| 1972 |
Began production
for EP rubber high-voltage power cables. Stock listed
on Taiwan Stock Exchange. |
| 1977 |
Walsin Lihwa set up SCR copper rod plant in Yangmei, yielding 50,000 tons of oxygen free copper rods per year. |
| 1982 |
Expanded
production line for SCR copper rod, yielding 100,000
tons of oxygen free copper rods per year. |
| 1987 |
Established Yangmei Plant.
Invested in Winbond Electronics Corporation and Wha-yo Electronic Materials Corporation; increasing investments in Semiconductor/ IC industry.
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| 1990 |
Invested
funds setting up Concord Venture Capital Co. Ltd.;
advancing into venture capital business. |
| 1991 |
Invested
in and established P.T. Walsin Lippo Industries
in Indonesia; expanding the aluminum business into
Southeast Asia. Implemented “business unit”
system. |
| 1992 |
Renamed
as Walsin Lihwa Corporation.
Walsin electronic ceramic operations merged with
Fine Products Microelectronics Corporation to form
Walsin Technology Corporation. Established electric
wire and cable plants in Shanghai and Jiangyin,
starting investments and operations in China.
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| 1993 |
Joint
venture with Carpenter Technology, USA establishing
Walsin Cartech Specialty Steel Corporation, starting
stainless steel business.
Established Wuhan Walsin Electric Wire & Cable
Co., Ltd., China, a manufacturer of optical communication
cables. |
| 1995 |
Established
Walsin China Investment Co. Ltd. and four operating
sites in Hangzhou, Shanghai, and Nanjing, manufacturing
power cables, bare copper wire and optical fiber
and cables. |
| 1997 |
Established specialty steel plants in Changshu and Shanghai Baihe, manufacturing and selling seamless steel pipes and straight bars.
Formed HannStar Board Corp., setting the base for PCB production . |
| 1998 |
Acquired Walsin Cartechˇs assets.
Implemented ERP system to streamline business process.
Formed HannStar Display Corp., entering into the TFT-LCD industry |
| 1999 |
SAP system
in operation. |
| 2000 |
Established
bare copper wire plant in Dongguan.
An 8-inch wafer foundry was set up for micro-electro-mechanical-system(MEMS)
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| 2001 |
Implemented
SAP system in 10 operating sites in China, completing
cross strait e-business infrastructure and streamlining
the management system and business process.
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| 2002 |
Reorganized
business entity to Cables and Wires Business Group
and Special Steel Business Group.
Implemented Yensui specialty steel plant expansion
plan, adding equipment for slab refinement. |
| 2003 |
Started
slab production in Yensui plant, targeting stainless
steel plate market. |
| 2004 |
Launched stainless steel slab and hot-rolled stainless steel band production and sales in Yenshui.
The cooper business group was established to strengthen the competitiveness of copper wire products.
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| 2005 |
Established three plants in Nanjing, Changshu and Jiangyin, manufacturing copper, stainless steel seamless pipes/tubes and steel wire.
Expanded Shanghai and Hangzhou wire and cable plant, upgrading production capacity and manufacturing 220kV high-voltage cables.
Yenshui specialty steel plant expanded the third Billet/slab CC. |
| 2006 |
A new plant in Nanjing commenced copper production, and the annual capacity of 250,000 tons of this plant increased Walsin Lihwa's annual output of copper from 400,000 tons to 650,000 tons.
Launched quality assurance building, and start to produce 500kV high-voltage cables and acquiring ISO in Hangzhou
Expansion of the Jiangyin steel cable plant was completed to increase Walsin Lihwa's annual output of steel cables from 70,000 tons to 140,000 tons.
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| 2007 |
Purchased YanTai Jin Cherng Precision Wire Rod Co., Ltd., expending steel refinement.
Purchased of Jiangyin Yuantai Stainless Steel Products Co., Ltd. share, producing stainless steel wire.
Hangzhou power cable plant expanded the second VCV Tower and high-voltage production line.
Walsin Lihwa started investment in special lighting/LED to provide alternative lighting technologies.
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| 2008 |
Special steel plants were set up in Jiangyin and Xian to continue strengthening the downstream products of stainless steel.
The Yantai plant pursued stainless steel production process reform and started to provide stainless steel billets.
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| 2009 |
Borrego Solar System inc. was acquired for the expansion to solar energy system integration services.
Production of stainless steel and alloy steel billets commenced in Yantai to boost the total steelmaking capacity in Mainland China and Taiwan to near 1 million tons per year.
Production of stainless steel quarto plates commenced in Xian.
Construction of a photonics plant started in Xian to develop the plant as the production base of environmentally sound photonics.
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