Reported 7 months ago
Hwacheng (1519) is optimistic about future operational growth in the next five to eight years, investing in constructing the Guanyin Plant 3, expanding production lines at Taichung Port Plant, and optimizing Guanyin Plant 2 and Zhongli Plant. The company anticipates a capacity increase of at least 30% to 40% in 2024 and an annual output value increase of billions after the second quarter of 2025. The chairman mentioned that factors like the COVID-19 reopening, labor and materials shortages, and global trends such as emission reduction, energy transition, and cybersecurity are contributing to the growing demand for power equipment, with the transformer market expected to grow rapidly starting in 2022.
Source: YAHOO