Reported 12 months ago
Taiwan Power's resilient grid project continues to release orders, and with the average price of copper breaking $10,000 per ton in May, listed cable companies like Walsin, Far EasTone are expected to see growth in June revenue compared to the same period last year. The project has been releasing purchase and installation contracts for 25KV medium voltage, 69KV high voltage, 161KV and 345kV ultra-high voltage cables and accessories for nearly a decade, benefiting cable industry companies such as Walsin, Far EasTone, Far East Cable, Great Yara, Hongtai, Dashan, Yitai, Heji, Daedong Electric, etc., with order amounts ranging from NT$3 billion to over NT$9 billion, ensuring stable performances in recent years.
Source: YAHOO