Walsin Lihwa Corporation announces its consolidated financial statements of 2023 first quarter financial results on 5th May. The consolidated net operating revenue reaches NT$50.71 billion. The consolidated operating gross profit reaches NT$4.63 billion. The net income after tax reaches NT$2.10 billion, earnings per share at NT$ 0.56.

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 (“Walsin”) convened a board of directors meeting today resolving to acquire Special Melted Products (“SMP”), through its 70% owned subsidiary, Cogne Acciai Speciali S.p.A. (“CAS”), in an all-cash transaction with the deal value of approximately £144 million (“Transaction”). The closing of the Transaction is subject to customary conditions and regulatory approvals.

Based in Sheffield, UK, SMP is a leading supplier of melted, forged and precision machined premium, specialty steels and nickel-based superalloys used in critical applications for the Aerospace, Oil & Gas and Nuclear industries.

Upon the closing of the acquisition, SMP will become part of CAS, the leading European stainless steel and nickel alloy manufacturer joining Walsin Family in 2022. CAS would then be able to extend its arm in Europe and presence in the premium end markets.

The proposed transaction strengthens Walsin’s strategic focus on the premium segments. “We are committed to the shared vision with the Marzorati Family, the minority shareholder of CAS, to become the largest global producer of specialty stainless steel and nickel alloy,” said Mr. Yu-Lon Chiao, Chairman of Walsin. “The acquisition of SMP reinforces Walsin’s commitment to deliver an extended sales network for global customers by providing diverse product offerings, enhanced product quality and differentiated solutions that increase the value of the network.”

The combination of Walsin, CAS, and SMP, is expected to unlock synergies, including: broaden product portfolio via complementary manufacturing facilities, expand reach of end markets across different segments, and drive next generation of growth with integrated resources.

 

 

About SMP

Founded in 1800’s, SMP is a leading supplier of premium, specialty steels and nickel based super alloys used in critical applications for the aerospace, oil & gas and civil nuclear industries. Based in Sheffield of UK, it has 3 sites in close proximity with significant melting, forging and machining capabilities. With exceptional manufacturing capabilities, SMP offers high levels of product innovation to satisfy most critical customers. It is a “one stop shop” for multiple melted alloys and components in specifically chosen industrial field.

About CAS

CAS is a world leading manufacturer of stainless steel and nickel alloy long products located in Aosta of Italy, providing manufacturing services of melting, remelting, casting, rolling, forging and machining. CAS has a niche market for industrial certification products, includes stainless steels and nickel alloys long products, valve steels for automotive and tailor-made products on customers drawing in special steels. CAS has a leading position in the European market with sales offices in more than 15 countries around the world.

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 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 Corporation announced its net operating revenue for March 2023. The company’s consolidated net operating revenue for March 2023 was NT$17.64 billion. January through March revenue for 2023 totaled NT$50.68 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 Italian subsidiary Cogne Acciai Speciali (CAS) signed an agreement with Finnish stainless steel company Outokumpu AB on March 31 to acquire 2 steel rolling mills from the latter.

The 2 steel rolling mills acquired by CAS are respectively located in Degerfors and Storfors in Sweden. As they have been producing stainless steel round billets, hot rolled bars, and peeled bars for about 50 years, the acquisition is expected to help Walsin Lihwa strengthen its production efficiency, provide nearby service to customers in North Europe and the Baltic Sea area, and further consolidate the company’s leadership in the market of stainless steel long products.

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.