Walsin Lihwa’s investment in Italian steelmaker CAS receives the Italian government acquisition approval

Taipei, September 29 — Walsin Lihwa’s equity investment in Cogne Acciai Speciali (CAS) in Italy has been approved by the Italian Presidency of the Council of Ministers with its Golden Power governing M&A in specific industries.

Prescriptions provided by the Italian Presidency of the Council of Ministers are in line with the integration strategy originally envisioned, which is considering the Aosta Plant as a key development platform.

In Taiwan, the equity investment has also been approved by the Investment Commission, Ministry of Economic Affairs and the Fair Trade Commission, Executive Yuan respectively on September 26 and 28. The transaction between Walsin Lihwa and CAS is expected to be completed by the end of this year.

Established in 1966 and listed on Taiwan stock exchange since 1972, Walsin Lihwa Corporation is an industrial conglomerate with operations spanning wire & cable, stainless steel, and renewable energy. With over 20 production and sales sites across Greater China, Southeast Asia and US, Walsin products are widely used across industrial, automotive, oil and gas and consumer sectors. Walsin is headquartered in Taipei, Taiwan. For more information please visit https://www.walsin.com

Walsin Lihwa Announced August 2022 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for August 2022. The company’s consolidated net operating revenue for August 2022 was NT$14.32 billion. January through August revenue for 2022 totaled NT$122.42 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.