An R&D innovation center established by Walsin Lihwa and the National Taiwan University (NTU) was unveiled at the College of Engineering, NTU. NTU President C.M. Kuan and the faculty from individual departments of the college attended the unveiling ceremony. The R&D innovation center is intended for academia industry cooperation for metal material research, investment in green circular technologies, development of wastes applications green metal supply chain, green energies, energy saving and carbon reduction technologies, and cultivation of talents in relevant disciplines. The office of the R&D innovation center opened at the same time will be available for academia industry seminars, project presentations, product application demos, and cultivation of talents.

The results of a competition of academic poster design on the first ever technology exchange between Walsin Lihwa and the NTU starting 2022 were also announced at the same time, and scholarships were awarded to eighteen outstanding students. After the unveiling ceremony, there was an keynote session between Walsin Lihwa and the faculty of the College of Engineering, NTU as an effort to have academic resources more closely combined with industry applications to contribute to environmental sustainability and green energy industry development.

Walsin Lihaw’s board meeting today passed a resolution to acquire 50.1% equity of PT. Sunny Metal Industry respectively from Ever Rising Limited and Berg Holding Limited under Tsingshan Holding Group. The acquisition amounting to US$200 million are intended to invest in nickel matte production and a power generation plant in Indonesia Weda Bay Industrial Park.

As Walsin Lihwa will increase investment in its nickel matte and nickel pig iron production capacities, the newly acquired PT. Sunny Metal Industry is setting up four rotary kiln electric furnace lines for nickel matte production as well as an inhouse power generation plant of 380,000 KWH. In mid-2021 PT. Sunny Metal Industry commenced setting up its furnace production lines, which are scheduled for completion by the end of 2022, and construction of the inhouse power generation plant is scheduled for completion in the second quarter of 2023. Before that, Walsin Lihwa will base on the ratio of its shareholding in PT. Sunny Metal Industry to further provide approximately US$180 million to finance the furnace production line and power plant construction. In 2023 PT. Sunny Metal Industry will be capable of independent production and sales, and its annual capacity of 55,000 tones pure nickel will amount to a significant step for Walsin Lihwa’s expansion into new energy industries.

To secure the stable supply of raw materials for stainless steel production, Walsin Lihwa established Walsin Nickel Industrial Indonesia at the end of 2019 to set up nickel pig iron and power plants in cooperation with Tsingshan Holding Group in Indonesia Morowali Industrial Park. Walsin Nickel Industrial Indonesia’s plant construction for production of nickel pig iron as the upstream raw material for stainless steel was completed as scheduled despite pandemic impacts. Four production lines became operational one by one in the second half of 2021 to commence mass production and help boost the earnings of Walsin Lihwa. The acquisition of 50.1% equity of PT. Sunny Metal Industry this time to invest in nickel matte production and power generation is expected to increase Walsin Lihwa’s total production of nickel by 70% to approximately 68,000 tons for the production of stainless steel as well as manufacturers of electric vehicles and energy storage facilities.

Walsin Lihwa Corporation announced its net operating revenue for March 2022. The company’s consolidated net operating revenue for March 2022 was NT$16.04 billion. January through March revenue for 2022 totaled NT$42.57 billion.

Walsin Lihwa Corporation, established in 1966, is not only the leading manufacturer of wire & cable, stainless steel, and resources business in the Greater China region but also a leading real estate developer across the Taiwan Strait.