Swancor Holding Co Ltd (上緯) yesterday said that the first batch of its wind turbine blade epoxy resin has passed quality control tests and would be used by the end of this year to complete the second phase of the Formosa I wind farm project.
Swancor, which has a 7.5 percent stake in the project, would ship about 500 tonnes of epoxy resin worth several million New Taiwan dollars, it said.
While the amount is small, it marks a milestone in the company’s efforts to become a resin supplier for the wider Asian offshore wind market, it said, adding that certification processes with several turbine makers are under way.
The resin would be used by Spain’s Siemens Gamesa Renewable Energy SA to build 20 6 megawatt (MW) turbines to achieve the project’s second-phase capacity goal of 120MW, it said.
Siemens Gamesa in October last year awarded the contract to Swancor after inking a second memorandum of understanding with the Taiwanese company as part of its commitment to meet the nation’s local content requirements.
Swancor has reported that revenue last year rose 26.32 percent annually to NT$6.2 billion (US$201 million).
In the first nine months of last year, net income stood at NT$579 million, up from NT$46 million a year earlier, company data showed.
Earnings per share at the time were NT$7.83, up from the previous year’s NT$1.73 per share.
The company in December last year sold a 7.5 percent stake in Formosa I to Japan’s Jera Co for NT$634 million, and expects to book NT$422 million in gains from the transaction.
Swancor is also a developer for the Formosa II project, which has a planned capacity of 376MW and is scheduled to be completed by next year, in addition to Formosa III, which has a planned capacity of 2 gigawatts.
Shares in Swancor yesterday closed down 1.87 percent at NT$105, retreating from an intraday high of NT$114.
SEMICONDUCTORS: The German laser and plasma generator company will expand its local services as its specialized offerings support Taiwan’s semiconductor industries Trumpf SE + Co KG, a global leader in supplying laser technology and plasma generators used in chip production, is expanding its investments in Taiwan in an effort to deeply integrate into the global semiconductor supply chain in the pursuit of growth. The company, headquartered in Ditzingen, Germany, has invested significantly in a newly inaugurated regional technical center for plasma generators in Taoyuan, its latest expansion in Taiwan after being engaged in various industries for more than 25 years. The center, the first of its kind Trumpf built outside Germany, aims to serve customers from Taiwan, Japan, Southeast Asia and South Korea,
Gasoline and diesel prices at domestic fuel stations are to fall NT$0.2 per liter this week, down for a second consecutive week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) announced yesterday. Effective today, gasoline prices at CPC and Formosa stations are to drop to NT$26.4, NT$27.9 and NT$29.9 per liter for 92, 95 and 98-octane unleaded gasoline respectively, the companies said in separate statements. The price of premium diesel is to fall to NT$24.8 per liter at CPC stations and NT$24.6 at Formosa pumps, they said. The price adjustments came even as international crude oil prices rose last week, as traders
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies advanced chips to Nvidia Corp and Apple Inc, yesterday reported NT$1.046 trillion (US$33.1 billion) in revenue for last quarter, driven by constantly strong demand for artificial intelligence (AI) chips, falling in the upper end of its forecast. Based on TSMC’s financial guidance, revenue would expand about 22 percent sequentially to the range from US$32.2 billion to US$33.4 billion during the final quarter of 2024, it told investors in October last year. Last year in total, revenue jumped 31.61 percent to NT$3.81 trillion, compared with NT$2.89 trillion generated in the year before, according to
SIZE MATTERS: TSMC started phasing out 8-inch wafer production last year, while Samsung is more aggressively retiring 8-inch capacity, TrendForce said Chipmakers are expected to raise prices of 8-inch wafers by up to 20 percent this year on concern over supply constraints as major contract chipmakers Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co gradually retire less advanced wafer capacity, TrendForce Corp (集邦科技) said yesterday. It is the first significant across-the-board price hike since a global semiconductor correction in 2023, the Taipei-based market researcher said in a report. Global 8-inch wafer capacity slid 0.3 percent year-on-year last year, although 8-inch wafer prices still hovered at relatively stable levels throughout the year, TrendForce said. The downward trend is expected to continue this year,
RSS