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Inception

Mr. Ting Piao Chiao, the Honorary Chairman of Walsin Lihwa, is the founder of this company. Born in 1924 in Jiangyin County, Jiangsu Province, Mr. Ting Piao Chiao was forced out of school when young due to Wars. After fleeing Mainland China and moving to Taiwan, Mr. Ting Piao Chiao found Pacific Electric & Wire Co., Ltd. in conjunction with Mr. Sun Fa-min, commencing his career in the cable and wire industry.

In 1966, the predecessor of Walsin Lihwa was established with a capital of NT$30 million. The manufacturing site -- located in Xinzhuang, Taipei County -- first produced aluminum conductor cables and then construction-purpose steel wires. Three year later, this company merged Lihwa Wire and Cable and added copper conductor cables its product line, and today's Walsin Lihwa was born.


 
1966 - 1986 Solid Foundation Laid

Taiwan's industrialization began during the early days of Walsin Lihwa, which enjoyed good business from major bridge, port, power plant, road, and telecommunications projects. At the same time, the company ushered in advanced equipment, improved technologies, and expanded product categories to provide very high quality of power and communication cables as well as copper and steel wires.

After Walsin Lihwa went public in 1972, its capital increased from NT$30 million at inception to NT$120 million. Since then, Walsin Lihwa was witnessing explosive revenue growth amid the takeoff of Taiwan's economy and commencement of Taiwan's 10 major infrastructure projects, laying a solid business foundation for the future.


 
1987 - 1997 Diversification

A major step of diversification at Walsin Lihwa was the setup of a stainless steel mill of NT$6 billion in 1993 in Yanshui, Tainan, injecting new momentum for growth from a different business sphere.

Expansion into Mainland China is another significant decision initiated by Mr. Ting Piao Chiao, Chairman of Walsin Lihwa during this period, who foresaw the massive business potential across the Taiwan Strait. Starting from Shanghai, Walsin Lihwa has set up nearly 10 copper, wire and cable, and stainless steel operations along the downstream and midstream of the Yangtze River since 1992, and has also successfully developed sales channels throughout Mainland China.

At the same time, noticing the upcoming IR era, Walsin Lihwa began to found HannStar Board, HannStar Display, Passive System Alliance, and Winbond Electronics, transforming Walsin Lihwa into a conglomerate encompassing electronic component, optoelectronic, printed circuit board, semiconductor operations.


 
1998-2009 Deep Rooting and Expansion

In order to strengthen its competitiveness for the 21st century, Walsin Lihwa has been pursuing corporate reengineering since 1998, focusing on process reform and deep rooting of core capabilities to enhance overall operating and service effectiveness. At the same time, a business group management model has been developed based on the core businesses of power wire and cable and specialty steel. Since then, each business group has been steadfastly strengthening its scale of operation and operational effectiveness based on core competitiveness, developments in its own industry, and market trends.


 
2010-Present Focus on Core Strengths 

Walsin Lihwa focuses on its core businesses, power cables and wires, specialty steel, and real estate and commercial circulation, continuing integrating corporate resources to strengthen organization and productivity in order to optimize operational efficiency and expedite profitability.

Grasping the opportunities of strengthening trade ties across the Taiwan Strait and the booming consumer market in Mainland China, Walsin Lihwa has been developing real estate business and expanding into the commercial circulation sector in Mainland China. Construction of Walsin Centro in Nanjing commenced in 2010, and the urban complex of more than one million square meters will be the company’s new growth engine in many years to come.

At the same time, corporate governance at Walsin Lihwa is increasingly complete to help fulfill corporate social responsibilities and ensure sound company management. Steady profitability and adherence to social values are a solid foundation for Walsin Lihwa to pursue ongoing growth.


 

1. Date of establishment: December 2, 1966
2. Company History

1966
• Walsin Wire & Cable Co., Ltd. established.

1969
• Walsin Lihwa Wire & Cable Co., Ltd. formed by the merger of the Walsin and Lihwa companies.

1970
• Formed technological partnerships with Western Electric in the U.S. and Fujikura in Japan and began production of plastic insulation telephone cable.

1972
• Began production of EP rubber high-voltage cables.
• Company's shares listed on the Taiwan Stock Exchange.

1977
• Completed the Hsinchuang plant for SCR copper rod production, with annual manufacturing capacity of 50,000 metric tons of oxygen-free copper rods.

1982
• Expanded SCR production facilities to increase annual manufacturing capacity to 100,000 metric tons of oxygen-free copper rods.

1987
• Construction of the Yangmei plant completed.
• Entered the semiconductor IC industry by investing in Winbond Electronics Corp. and Sumi-Pac Corp.

1991
• Invested in PT. Walsin Lippo Industries in Indonesia to expand aluminum wire business into the Southeast Asian market.

1992
• 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.

1993
• Expanded into the stainless steel industry by forming Walsin Cartech Stainless Steel, a joint venture with Carpenter Technology Corp. in the U.S.

1995
• 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.

1997
• 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.

1998
• 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.

2000
• Established the Dongguan plant for bare copper wire production.

2002
• Expansion of Yenshui stainless steel plant was carried out to include slab steelmaking facilities.

2003
• With Yenshui stainless steel plant beginning slab production, the Company expanded into the stainless steel plate market.

2005
• 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.

2006
• 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.

2007
• 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.

2008
• Expansion of Yantai plant for stainless steel manufacturing process; added new stainless steel billet products.

2009
• 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.

2010
• 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.

2012
• 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.

2013
• Cold rolled steel coil production officially commenced at the Taichung Harbor stainless steel roll plant.

2014
• First batch of residential buildings in C2 land plot in Nanjing Walsin Centro sold; phased development of D and AB land plots planned.

2015
• Breakthrough of bottleneck in Taiwan-region steel production, with growth in aggregate steel production,reaching an annual production of 480,000 tons.
• 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.

2016
• Walsin Lihwa Corporation marked its 50th anniversary. 

2017
• Taiwan and China, have recorded steady increase in overall steelmaking and annual production of 710,000 metric tons.

2019
• "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.