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Taiwanese Walsin Lihwa recorded a 6.91% revenue increase in 11 months

Taiwan's leading stainless steel wire rod producer Walsin Lihwa recorded a 6.91% year-on-year increase in cumulative revenue in the first 11 months of 2023, driven by strong demand from Taipower's power distribution system upgrade project.

Taiwanese Walsin Lihwa recorded a 6.91% revenue increase in 11 months

The company assumes that growth will continue in the fourth quarter and exceed the performance of the third quarter. This optimism stems from the stability of gross margins in the construction market. Walsin Lihwa also expressed confidence in the global economic outlook, pointing to reduced concerns about aggressive interest rate hikes by the central bank and the potential improvement in inflationary pressures.

Overall, Walsin Lihwa's positive outlook reflects the company's strong position in the stainless steel wire rod market and its ability to benefit from infrastructure development projects. The company's focus on maintaining stable gross margins and the expectation of a moderate global economic environment further support expectations for continued growth.

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