Walsin Lihwa Corporation (“Walsin”) today announced that its 70% owned subsidiary, Cogne Acciai Speciali S.p.A. (“CAS”), has entered into a definitive agreement to acquire 65% controlling interest in Com.Steel Inox S.p.A. (“Inox”, or the “Company”), the spin-off of stainless steel scrap business of Com.Steel S.p.A (“Com.Steel”), an Italian leading metal recycler. The transaction consideration comprised €24 million in cash on closing and deferred consideration of up to €4 million, contingent on the performance of Inox in the following three years. The completion of the transaction is subject to customary closing conditions and regulatory approvals.

Com.Steel is a prominent scrap metal processor and longtime supplier of CAS. In 2023, it formed a new stainless steel and nickel alloys focused scrap company, “Inox”, in pursuit of strategic flexibility and operational focus. By integrating with CAS, Inox will unlock its standalone potential to drive market visibility and product innovation. After the acquisition, CAS will support Inox in further positioning and developing the Company.

“Stainless steel scrap is a strategic and critical material to support our net-zero initiatives,” said Mr. Yu-Lon Chiao, Chairman of Walsin. “We are excited about this partnership with Com.Steel as we have a shared vision to drive green transition in the industry. The controlling stake in Inox ensures the stability of sources of high-quality recycled feedstock and lowers costs of production through effective supply chain collaboration. Most importantly, it enables us to establish a closed-loop supply chain to bolster Walsin’s commitment to move the circular economy forward.”

This investment is a key component of Walsin’s long-term strategic plan, aimed at embedding sustainability into its value chain. Europe is a proven green pioneer and therefore considered the crucial first step towards Walsin’s circularity roadmap. Walsin will maintain ongoing collaboration with suppliers, partners, and stakeholders, working together to realize a more sustainable future.

About Inox
Spun off from Com.Steel S.p.A. in 2023, Inox is a trader, processor and recycler of raw materials for the stainless steel and nickel alloys industry. It has an annual recycling capacity of 150,000 tons of scraps in the plant located in Calusco, Italy.
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 the U.S., 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 December 2023. The company’s consolidated net operating revenue for December 2023 was NT$13.79 billion. January through December revenue for 2023 totaled NT$190.11 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 2023. The company’s consolidated net operating revenue for November 2023 was NT$14.58 billion. January through November revenue for 2023 totaled NT$176.32 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 October 2023. The company’s consolidated net operating revenue for October 2023 was NT$15.22 billion. January through October revenue for 2023 totaled NT$161.74 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 announces its consolidated financial statements of the first 3 quarters of 2023 on 3rd November. The consolidated net sales revenue reaches NT$146.51 billion. The consolidated gross profit reaches NT$11.97 billion and the consolidated operating income is NT$6.13 billion. The net income reaches NT$4.75 billion. The earnings per share is at NT$ 1.24.

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 September 2023. The company’s consolidated net operating revenue for September 2023 was NT$16.77 billion. January through September revenue for 2023 totaled NT$146.52 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.

Kaohsiung, September 28 – Walsin Energy Cable System Co., Ltd. — a joint venture between Walsin Lihwa Co., Ltd. and NKT HV Cables AB, a fully owned subsidiary of Danish listed NKT group — held a groundbreaking ceremony today for its Kaohsiung submarine cable plant. The construction of the plant is expected to be completed in 2025, and fully operational in 2027. This will be Taiwan’s first submarine cable plant.

This partnership with NKT Group, a global leader in submarine cable solutions, brings to the Company advanced submarine cable technologies required for product development and the production of sophisticated submarine cables. “Local production ensures a steady supply of submarine cables, a critical component for the development of offshore wind power generation industry, and of strategic importance to Taiwan’s grid resilience.” said Yu-Lon Chiao, Chairman of Walsin Lihwa. “We are delighted to work with NKT. Our collaboration marks a significant milestone in the development of Walsin Lihwa’s power cable business. Together, we intend to establish close relationships with our key customers, Taiwan wind power developers, as a preferred supplier of high quality and price competitive submarine cables. In doing so, we hope to contribute to Taiwan’s offshore wind and green energy development goals.”

“On behalf of NKT, we are honored to be here at this important event as a partner in the project. The project is important to NKT because it allows us to continue playing a vital role in the green energy transition away from our home markets. NKT values its partnership with Walsin Lihwa as both companies share the same values of sustainability, diversity, quality, and reliability,” said Will Hendrikx, COO and Deputy CEO of NKT. “With Walsin being a reputable and strong cable maker, combined with NKT’s experience in submarine cables, we see a great opportunity to establish a local champion for submarine cable production.”

Located in the phase one area of the Kaohsiung Intercontinental Container Terminal, the submarine cable plant has a site area of 233,888 square meters and 59,828 square meters of building area. The plant will produce high-voltage export and inter array cables for offshore wind turbine power generation.

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, natural resources, real estate development, and investments in renewable energy and electronics, and has over 10,000 employees across Taiwan, PRC, USA, Italy, Malaysia and Indonesia. Walsin is headquartered in Taipei, Taiwan.

For more information, please visit https://www.walsin.com

Taipei, September 21 – Walsin Lihwa today held an conference with its suppliers, With carbon reduction alliance establishment, harmony, and common prosperity as the subject matters, the conference explored sustainability-related ESG issues and trends with supplier partners as an attempt for carbon reduction alliance establishment with them to help move towards ESG and sustainability.

“Thanks to the support of our supplier partners throughout economic volatility, we have been steadfastly pursuing comprehensive strategic development over the past several years,” said Chiao Yu-Lon, Chairman of Walsin Lihwa. “As a result, we are now able to make good use of technology to expedite digital transformation and smart manufacturing while strengthening procurement governance, risk-bearing capabilities, and supplier chain resilience. Walsin Lihwa shall develop itself into an even better corporate citizen to continue improving sustainability governance, and we look forward to those of you who share the same value with us to move forwards with us.”

With sustainability implemented in strategy and vision development, Walsin Lihwa utilizes its core competencies to carry out ESG in daily operations, commit to increasing the added value of products, strengthen industrial recyclability, and develop green products and materials to move towards low-carbon circular economy with new energy development. Walsin Lihwa’s green chain promotion project in 2021 is intended to establish a carbon reduction alliance with suppliers and help 60% of them complete disclosure of Scope 1 and 2 carbon emissions and 40% of them obtain carbon emission verification by 2025, so that net zero can be achieved together with suppliers by promotion of supply chain carbon management to continue decreasing carbon emissions year by year.

Nearly eighty suppliers attended this conference, at which the Stainless Steel, Wire and Cable, and Resources Business Groups of Walsin Lihwa shared their respective outlooks on the future and relevant strategies. The conference also dealt with corporate ESG trends, carbon emission management for sustainability, and smart production technologies to help strengthen supplier partners’ knowledge of sustainability governance and risk management, so that they can better work with Walsin Lihwa to face up to market challenges, continue improving supply chain sustainability management, fulfill corporate social responsibilities, and achieve sustainable business development as well as growth.

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” or the “Company”) today announced the successful completion of its acquisition of Special Melted Products Ltd (“SMP”) by Cogne Acciai Speciali S.p.A. (“CAS”), an indirect 70% owned subsidiary, for a consideration of £142 million.
Mr. Yu-Lon Chiao, Chairman of Walsin, commented: “The closing of our acquisition of SMP today marks an important milestone. It significantly boosts our ability to serve premium segments such as aerospace and to further execute on our strategy of being world’s leading stainless steel and nickel alloy manufacturer. As we expand our global operations, we will present our customers with an enhanced product offering, broader geographic reach, and the best-in-class expertise.”

On 5 May 2023, Walsin announced it had agreed to acquire SMP via CAS, subject to customary conditions and regulatory approvals. Having met all conditions and with the transaction completed, the combined organization will integrate its resources and manufacturing facilities, delivering a comprehensive platform of nickel-based alloys and providing customers with better material solutions across different market applications.

Prior to the acquisition of SMP, Walsin completed the acquisition, also through CAS, of Outokumpu Long Products AB in Sweden, namely the Degerfors and Storfors Plants, in early August 2023. The Company continually seeks out transformative opportunities to extend core capabilities and sales network. Together with recent serial acquisitions, Walsin is emboldened to pursue its ambition of achieving world-leading positions in stainless steel and nickel alloy business.

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 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 the U.S., 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 August 2023. The company’s consolidated net operating revenue for August 2023 was NT$14.41 billion. January through August revenue for 2023 totaled NT$129.75 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.