Mr. Ting Piao Chiao, the founder of Walsin Lihwa, was born in 1924 in Jiangyin County, Jiangsu Province. The outbreak of the 2nd Sino-Japanese War during his teens made him drop out of school to seek refuge and stay alive away from home. In chaos of the Chinese Civil War, Mr. Chiao followed a cousin-in-law to Taiwan and they founded a power wire plant together. The plant was the starting point of Mr. Chiao’s career in the power cable and wire industry.
In 1966, Mr. Chiao started to run his own power wire business in Hsinchuang and then founded Walsin Power Cable and Wire to lay a solid foundation for his career in the power cable and wire industry. 3 years later, Lihwa Power Cable and Wire was merged into Walsin Power Cable and Wire as the beginning of today’s Walsin Lihwa.
Shortly after Walsin Lihwa became listed on the Taiwan Stock Exchange in 1972, its revenues multiplied year by year along with the commencement of Taiwan’s 10 major infrastructure projects and the takeoff of Taiwan's economy to help lay a solid business foundation for the future.
Walsin Wire & Cable Co., Ltd. established.
Walsin Lihwa Wire & Cable Co., Ltd. formed by the merger of the Walsin and Lihwa companies.
Formed technological partnerships with Western Electric in the U.S. and Fujikura in Japan and began production of plastic insulation telephone cable.
Began production of EP rubber high-voltage cables.
Company's shares listed on the Taiwan Stock Exchange.
Completed the Hsinchuang plant for SCR copper rod production, with annual manufacturing capacity of 50,000 metric tons of oxygen-free copper rods.
Expanded SCR production facilities to increase annual manufacturing capacity to 100,000 metric tons of oxygen-free copper rods.
In 1993, Walsin Lihwa established a stainless steel mill in Yenshui to mark its official entry into stainless steel production, which provided a new momentum to the growth of Walsin Lihwa.
Another significant decision was business expansion into Mainland China. Mr. Chiao, the chairman of the board back then, already foresaw the great business potential in Mainland China and resolutely set up a foothold in Shanghai for business expansion along the midstream and downstream of Yangtze River to commence market development throughout Mainland China.
In the meanwhile, Walsin Lihwa started to develop business presence in the tech industry by establishing Winbond Electronics, HaanStar Board, Passive System Alliance, and HaanStar Display to transform itself into a consortium encompassing electronic component, optoelectronics, printed circuit board, and semiconductor operations.
Construction of the Yangmei plant completed.
Entered the semiconductor IC industry by investing in Winbond Electronics Corp. and Sumi-Pac Corp.
Invested in PT. Walsin Lippo Industries in Indonesia to expand aluminum wire business into the Southeast Asian market.
Company renamed Walsin Lihwa Corporation.
Electronics division merged with the acquired Wanbang Electronics to form the new Walsin Technology Corp.
Established plants in Shanghai and Jiangyin to produce power cables and steel cables, thus beginning a new chapter in China investment.
Expanded into the stainless steel industry by forming Walsin Cartech Stainless Steel, a joint venture with Carpenter Technology Corp. in the U.S.
A power cable and wire plant was established in Wuhan to produce optical communication cables and wires.
Formed Walsin (China) Investment Co., Ltd. and set up four operating locations in China's major cities, including Hangzhou, Shanghai and Nanjing, for the production of power cables, bare copper wires and fiber optic cables.
Established stainless steel plants in Changshu and in Baihe, Shanghai, for the production and sale of seamless steel tubes and straight steel bars.
Formed HannStar Board Corp. to expand into the PCB industry.
Walsin Lihwa has been pursuing corporate reengineering since 1998 to develop a business group management model. With the model implemented, business started to grow their individual businesses and strengthen business performance based on industry and market trends as well as their core competitiveness. The investment successes in Mainland China further boosted the revenue growth of Walsin Lihwa, whose 2006 consolidated revenue exceeded NT$100 billion for the first time.
Construction of Walsin Centro in Nanjing commenced in 2010 for the development of an urban complex with a total floor area of 1 million square meters, and commerce and real estate therefore became another core business in addition to the existing basic material operations of the company to further drive business expansion in Mainland China and a new engine to drive another phase of growth at Walsin Lihwa.
Acquired and incorporated the assets of Walsin Cartech into the Company.
Conducted enterprise reengineering and full implementation of the SAP enterprise resource management system.
Expanded into the TFT-LCD industry by forming HannStar Display Corp.
Established the Dongguan plant for bare copper wire production.
Expansion of Yenshui stainless steel plant was carried out to include slab steelmaking facilities.
With Yenshui stainless steel plant beginning slab production, the Company expanded into the stainless steel plate market.
Set up new plants in Nanjing, Changshu and Jiangyin to produce copper products as well as seamless steel pipes and steel wire products.
Shanghai and Hangzhou power cable plants completed expansion and increased production capacity; began mass production of 220kV EHV cables.
Expansion of Yenshui stainless steel plant to include slab steelmaking facilities was completed.
New copper production plant in Nanjing completed, with annual production capacity of 250,000 metric tons. Total copper production increased from 400,000 to 650,000 metric tons.
Development of 500kV EHV cables for Hangzhou power plant was invested and received certification.
Company's consolidated revenue exceeded NT$100 billion.
Expanded steel production capacity by acquiring stake in Yantai Huanghai Iron and Steel Co., Ltd.
Changshu stainless steel plant passed review by the National Nuclear Safety Administration and received certification for nuclear power plant sales.
Hangzhou power cable plant began expansion efforts and construction of the second VCV process tower and added high voltage cable production lines.
Expansion of Yantai plant for stainless steel manufacturing process; added new stainless steel billet products.
Borrego Solar Systems was established in the US to provide solar power system integration service.
Yantai stainless steel plant completed transformation of stainless steel manufacturing processes; stainless steel and high-grade alloy steel products were added.
Changshu plant's seamless steel tube production began Phase 2 expansion to increase production capacity.
Completion of the new A6 building in Xinyi Development Zone and the relocation of Walsin Lihwa headquarters.
Nanjing Walsin Centro began construction in Nanjing's Hexi Newtown. A multi-purpose commercial center spanning one million square meters will be developed over several phases.
Partnered with Nanjing municipal government to create the Nanjing Taiwan Trade Mart, thus establishing a cross-Strait commercial trading platform.
Construction of two office buildings in C1 land plot of Nanjing Walsin Centro completed and transferred to the Jiangsu Branch of the China Development Bank and the Nanjing Branch of China Guangfa Bank.
Cold rolled steel coil production officially commenced at the Taichung Harbor stainless steel roll plant.
First batch of residential buildings in C2 land plot in Nanjing Walsin Centro sold; phased development of D and AB land plots planned.
Walsin Lihwa’s investment in commerce and real estate development is increasingly successful. Walsin Centro in Nanjing has office buildings and deluxe residences. The opening of One Mall in Nanjing in 2019 marked Walsin Lihwa’s expansion into the mall industry. The investment in PT Walsin Nickel Industrial Indonesia in 2020 for the production and sale of nickel pig iron further strengthens the Company’s long-term competitiveness.
Based on its belief in business integrity and pursuit of excellence, Walsin Lihwa shall continue strengthening its core businesses based on a robust business foundation to invest in intelligent applications for relevant technologies, fulfill corporate social responsibilities, and optimize its sustainable development blueprint.
The Corporate Social Responsibility Committee was established to continue further strengthening corporate governance and corporate social responsibility fulfillment to help expedite social progress and environmental protection.
Walsin Lihwa Corporation marked its 50th anniversary.
The phase 1 office buildings on the AB block and the phase 2 residential units on the D block at Walsin Centro in Nanjing were delivered.
"ONE mall" in Nanjing Walsin Centro, Walsin Lihwa’s signature work of art in the commercial estate field, commenced operation to become a new landmark in Nanjing.
Established Walsin Nickel Industrial Indonesia to engage in production and sales of nickel pig iron to stabilize its upstream material supply.
Completion of nickel pig iron production line in Indonesia to provide a raw material for stainless steel production.