Taiwan-based Walsin Lihwa reported revenues of NTD 13.66 billion (approximately USD 431 million) in December 2024, reflecting a slight decline of 0.93% compared to the previous year. The company’s total revenue for 2024 decreased by 5.74% year-on-year, amounting to NTD 179.2 billion (approximately USD 5.65 billion).
Walsin Lihwa plans to commence mass production at its Indonesian stainless steel wire rod plant in 2027, targeting an annual capacity of 300,000 tons. This facility is expected to focus on serving the Southeast Asian and South Asian markets. The company continues to enhance its regional growth strategies by expanding investments.
In a new development, on January 6, 2025, Walsin Lihwa’s board of directors approved an investment of EUR 60.5 million in its Italian stainless steel subsidiary, Cogne Acciai Speciali S.p.A. (CAS), through its Luxembourg-based subsidiary, Walsin Lihwa Europe S.a r.l.. This investment will increase the company’s indirect stake in CAS from 70% to 71.83%.
The investment will be directed through MEG S.A., a wholly-owned subsidiary of Walsin Lihwa, and executed via a capital injection. Additionally, the board approved a cash capital increase of up to 400,000 shares to repay bank loans.
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