Walsin Lihwa Announced April 2024 Sales Report

Walsin Lihwa Corporation announced its net operating revenue for April 2024. The company’s consolidated net operating revenue for April 2024 was NT$15.22 billion. January through April revenue for 2024 totaled NT$55.76 billion.

Established in 1966, Walsin Lihwa dedicates itself to the development of wire and cable, stainless steel, commodity resources, real estate, and renewable energies. As a leader in the wire and cable and the stainless steel industry in the Greater China region, the company has also expanded itself into a multinational conglomerate with hi-tech and energy investments.

Walsin’s Subsidiary Cogne Acciai Speciali Completes Acquisition of Controlling Interest in Com.Steel Inox

Walsin Lihwa Corporation (“Walsin”) announced today that Cogne Acciai Speciali S.p.A. (“CAS”), a 70% owned subsidiary, completes the previously disclosed acquisition of 65% controlling interest in Com.Steel Inox S.p.A. (“Inox”), a recycler of stainless steel and nickel alloys.

CAS finalized the acquisition for cash consideration of €24 million; an additional €4 million in deferred cash consideration is payable contingent on the achievement of certain milestones. Completion of the transaction followed receipt of regulatory approval and satisfaction of various other closing conditions.

This transaction marks a pivotal step forward in Walsin’s sustainability roadmap, reaffirming its commitment to actively supporting the circular economy and green transition in the stainless steel industry. Embedding circularity into the core of the business strategy, Walsin continues to deliver sustainable development and create long-term value for the customers and all stakeholders.

 

 

About Walsin

Established in 1966 and listed on Taiwan stock exchange since 1972, Walsin is an industrial conglomerate with operations spanning wire & cable, stainless steel, and renewable energy. With over 40 production and sales sites across Greater China, Europe, Southeast Asia, and the U.S., Walsin products are widely used across aerospace, oil and gas, new energy, automotive, industrial and consumer sectors. Walsin is headquartered in Taipei, Taiwan. For more information, please visit https://www.walsin.com

Walsin Lihwa Announces 2024 First Quarter Financial Results

Walsin Lihwa Corporation announces its consolidated financial statements of 2024 first quarter financial results on 3rd May. The consolidated net operating revenue reaches NT$40.55 billion. The consolidated operating gross profit reaches NT$2.66 billion. The net income after tax reaches NT$0.87 billion, earnings per share at NT$ 0.22.

Established in 1966, Walsin Lihwa dedicates itself to the development of wire and cable, stainless steel, commodity resources, real estate, and renewable energies. As a leader in the wire and cable and the stainless steel industry in the Greater China region, the company has also expanded itself into a multinational conglomerate with hi-tech and energy investments.