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Inception |
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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.
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1966 - 1987 Solid Foundation Laid |
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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.
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1987 - 1998 Diversification |
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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 optical fiber, optical wire, power wire, stainless steel, and steel wire operations along the downstream and midstream of the Long 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.
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1998 ?Present Focus on Core Business |
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With the strengthening of the special steel business, the solid business foundation of cables and wires, and investment success in Mainland China, Walsin Lihwa's revenues has sharply grown over the past five years to break the NT$60 billion mark in 2004. In order to strengthen competitiveness for the 21 st century, Walsin Lihwa has been pursuing corporate reengineering since 1998 to focus on business process reform and core competency enhancement. The strategy of diversification has therefore been changed to focus on the core businesses operations: Copper, Cable/wire and specialty steel. Such a transition is planned and led by Chairman Chiao Yu-lon, who aims at long-term business sustainability by a sweeping enhancement of operation and service effectiveness in response to the expectations for high growth at customers. |
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Milestones |
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| 1966
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Walsin Electric Wire & Cable Corp. founded. |
| 1969 |
Walsin merged Lihwa to form Walsin Lihwa Wire and Cable Corporation. |
| 1970 |
Collaborated
with Western Electric, USA and Fujikura Corporation,
Japan to produce plastic-insulated alpeth telephone
cables. |
| 1971 |
Initiated
technical cooperation with Sumitomo Electric, Japan,
to produce boat cables. |
| 1972 |
Began production
for EP rubber high-voltage power cables. Stock listed
on Taiwan Stock Exchange. |
| 1977 |
Walsin Lihwa set up SCR copper rod plant in Yangmei, yielding 50,000 tons of oxygen free copper rods per year. |
| 1982 |
Expanded
production line for SCR copper rod, yielding 100,000
tons of oxygen free copper rods per year. |
| 1987 |
Established Yangmei Plant.
Invested in Winbond Electronics Corporation and Wha-yo Electronic Materials Corporation; increasing investments in Semiconductor/ IC industry.
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| 1990 |
Invested
funds setting up Concord Venture Capital Co. Ltd.;
advancing into venture capital business. |
| 1991 |
Invested
in and established P.T. Walsin Lippo Industries
in Indonesia; expanding the aluminum business into
Southeast Asia. Implemented “business unit”
system. |
| 1992 |
Renamed
as Walsin Lihwa Corporation.
Walsin electronic ceramic operations merged with
Fine Products Microelectronics Corporation to form
Walsin Technology Corporation. Established electric
wire and cable plants in Shanghai and Jiangyin,
starting investments and operations in China.
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| 1993 |
Joint
venture with Carpenter Technology, USA establishing
Walsin Cartech Specialty Steel Corporation, starting
stainless steel business.
Established Wuhan Walsin Electric Wire & Cable
Co., Ltd., China, a manufacturer of optical communication
cables. |
| 1995 |
Established
Walsin China Investment Co. Ltd. and four operating
sites in Hangzhou, Shanghai, and Nanjing, manufacturing
power cables, bare copper wire and optical fiber
and cables. |
| 1997 |
Established
specialty steel plants in Changshu and Shanghai
Walpac, manufacturing and selling seamless steel
pipes and straight bars.
Formed HannStar Board Corp., setting the base for
PCB production . |
| 1998 |
Acquired Walsin Cartechˇ¦s assets.
Implemented ERP system to streamline business process.
Formed HannStar Display Corp., entering into the TFT-LCD industry |
| 1999 |
SAP system
in operation. |
| 2000 |
Established
bare copper wire plant in Dongguan.
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| 2001 |
Implemented
SAP system in 10 operating sites in China, completing
cross strait e-business infrastructure and streamlining
the management system and business process.
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| 2002 |
Reorganized
business entity to Cables and Wires Business Group
and Special Steel Business Group.
Implemented Yensui specialty steel plant expansion
plan, adding equipment for slab refinement. |
| 2003 |
Started
slab production in Yensui plant, targeting stainless
steel plate market. |
| 2004 |
Launched stainless steel slab and hot-rolled stainless steel band production and sales in Yenshui. |
| 2005 |
Established three plants in Nanjing, Changshu and Jiangyin, manufacturing copper, stainless steel seamless pipes/tubes and steel wire.
Expanded Shanghai and Hangzhou wire and cable plant, upgrading production capacity and manufacturing 220kV high-voltage cables.
Yenshui specialty steel plant expanded the third Billet/slab CC. |
| 2006 |
Acquisition of Changzhou Wujin Co., Ltd.
Launched quality assurance building, and start to produce 500kV high-voltage cables and acquiring ISO in Hangzhou. |
| 2007 |
Purchased YanTai Jin Cherng Precision Wire Rod Co., Ltd.
Purchased of Jiangyin Yuantai Stainless Steel Products Co., Ltd. share, producing stainless steel wire.
Hangzhou power cable plant expanded the second VCV Tower and high-voltage production line. |
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