On March 29, 2023, Walsin Lihwa and NKT conducted an executive agreement executed exchange ceremony, marking the official start to a long-term partnership between both parties. The event was co-hosted by Yu-Lon Chiao, Chairman of Walsin Lihwa, and Jens Due Olsen, Chairman of NKT, and involved the exchange of the executed joint venture agreement, technology consultancy agreement, and technology license agreement, as announced on February 24, 2023. This collaboration provides Walsin Lihwa with access to specialized technology for designing, manufacturing & installing subsea cables, required for Walsin’s new subsea cable plant in Kaohsiung. In addition to the agreement exchange ceremony, both parties will conduct further discussions on the collaboration, and visit the Kaohsiung site.

Walsin Lihwa’s subsea cable plant, the first of its kind in Taiwan, is expected to commence trial runs by the end of 2025 and become fully operational in 2027. The plant marks a further step in Walsin’s renewable energy strategy, and represent of another important milestone in the localization of Taiwan’s offshore wind industry.

“Taiwan has abundant wind power resources. The business opportunities of wind power generation and submarine cables are very attractive,” said Chairman Yu-Lon Chiao. “It’s a great honor for us to work with NKT, a world-class submarine cable company renowned for its management, product, and technology excellence. This win-win cooperation between the two companies will accelerate Walsin Lihwa’s submarine cable business development, allowing us to contribute significantly to Taiwan’s green energy transition.”
“I am pleased to visit Taiwan and meet our new partners. This joint venture is a long-term commitment between Walsin Lihwa and NKT, and we are excited to start the construction of the factory later this year. This partnership is an important first step for both of us to establish a presence and a platform for future growth in the region,” said NKT President and CEO, Alexander Kara.

Walsin Lihwa Corporation announced its net operating revenue for February 2023. The company’s consolidated net operating revenue for February 2023 was NT$17.87 billion. January through February revenue for 2023 totaled NT$33.03 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.

Taipei, February 24– A board meeting of Walsin Lihwa today approved the company’s 2022 financial statements. The meeting also decided to hold the 2023 general shareholders’ meeting at 09:00 a.m. on May 19 (Fri.), 2023, at multifunctional hall, 1st Floor, No. 15, 168 Lane, Xingshan Road, Neihu District, Taipei City.

The 2022 consolidated operating revenue is approx. NT$180.4 billion, with a consolidated gross profit of NT17.35 billion. The net income after tax is approx. NT$19.35 billion with EPS of NT$5.45 and a cash dividend of NT$1.8 per share is planned.

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 Lihwa Corporation announced its net operating revenue for January 2023. The company’s consolidated net operating revenue for January 2023 was NT$15.16 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 Lihwa Corporation announced its net operating revenue for December 2022. The company’s consolidated net operating revenue for December 2022 was NT$14.68 billion. January through December revenue for 2022 totaled NT$179.61 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 Lihwa Corporation announced its net operating revenue for November 2022. The company’s consolidated net operating revenue for November 2022 was NT$14.44 billion. January through November revenue for 2022 totaled NT$164.93 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 Lihwa’s board meeting on May 31 this year decided to acquire a 70% stake in the Italy-based Cogne Acciai Speciali (CAS). The acquisition has been approved by both the Taiwan and Italian governments, and the transaction of the acquisition was completed with the Marzorati family of CAS on November 30.

Located in Aosta, an industrial city in Italy, CAS is a leading European manufacturer of stainless steel bars and wire rods. CAS, which provides high added-value and industry-certified specialty steel products, has sales channels in 15 countries. Its products are primarily used in the automobile, and oil and gas, aerospace, medical, machining industries. The annual capacity of CAS is approximately 220,000 tons, and the company’s revenues of the first three quarters reached EUR 730 million.

With the transaction completed, the assets, revenues, and earnings of CAS will be included into the financial statements of Walsin Lihwa beginning December 2022. The Stainless Steel Business Group of Walsin Lihwa will benefit from the acquisition to strengthen mutual complement and synergy with customers in terms of channels, equipment, products, and technologies, so that the overall competitiveness can be further enhanced for the Stainless Steel Business Group to consolidate its global leadership in stainless steel bars and wire rods, enable a steadfast growth at Walsin Lihwa, and help make a good return on investment for shareholders.

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 Lihwa Corporation announced its net operating revenue for October 2022. The company’s consolidated net operating revenue for October 2022 was NT$14.05 billion. January through October revenue for 2022 totaled NT$150.48 billion.

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

Walsin Lihwa Corporation announces its consolidated financial statements of the first 3 quarters of 2022 on 4th November. The consolidated net sales revenue reaches NT$136.67 billion. The consolidated gross profit reaches NT$13.88 billion and the consolidated operating income is NT$8.17 billion. The net income reaches NT$18.75 billion. The earnings per share is at NT$ 5.37.

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