Press Release
Cheng Loong Corp. (1904-TW) held its Investor Conference today (August 21th). President Ching-Piao Chang stated that despite challenges posed by global political and economic conditions, exchange rate volatility, and fluctuating energy prices in 2026 H1, Cheng Loong continued to strengthen production and sales dispatching while improving operational efficiency. Coupled with growing demand in the Vietnam market and the gradual realization of overseas expansion benefits, overall business operations rebounded. For H1, Cheng Loong’s consolidated revenue reached NTD 22.11 billion, with an increase of 5.02% YoY. and earnings per share (EPS) was NTD 1.45, demonstrating reinforced operational momentum.
Looking ahead to H2, as the global economy remains subject to uncertainties such as geopolitics, tariffs, and energy prices, Cheng Loong will navigate market shifts cautiously and adjust its production and marketing strategies flexibly. Driven by the traditional peak consumption season and the ramp-up of new production capacity in Vietnam, the company will continue to leverage its regional presence across Taiwan, China, and Vietnam to enhance capacity efficiency, supply flexibility, and growth momentum.
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Vietnam Expansion Enters New Stage with Launch of Million-Ton Base
Having entered the Vietnam market in 2005, Cheng Loong has developed an integrated production system of industrial paper and corrugated container. The Phase 3 industrial paper line at the Binh Duong Paper Mill commenced production in H1, elevating annual capacity to a million-ton scale. Simultaneously, the second production line at the Ben Cat Box Plant in Southern Vietnam began operations. As utilization rates at these new facilities ramp up, the company will maximize vertical integration and economies of scale. Furthermore, the sixth box plant in Ninh Binh Province, Northern Vietnam, is scheduled to begin production in 2027 H1, optimizing the production and sales network across Northern and Southern Vietnam to capture growth opportunities in Southeast Asia.
Taiwan Deepens AI Smart Manufacturing; Low-Carbon Energy Generation Unlocks Green Value
Regarding Taiwan operations, Cheng Loong initiated its "Smart Paper 4.0" transformation in 2019, progressing from IoT device connectivity and data integration to smart manufacturing. Launching its "Milestone Year for AI Applications" in 2024, the company has implemented over 30 smart projects to date. AI is deeply integrated into paper production and energy management, utilizing real-time data to monitor paper machine operations, analyze process parameters, and optimize cogeneration and energy dispatching. These efforts help stabilize production, lower energy consumption, and convert decades of manufacturing expertise into data, boosting production efficiency and energy utilization.
In terms of low-carbon energy creation, Cheng Loong continues to shift its manufacturing hubs from energy consumers to "energy generators." The biomass cogeneration system in Chupei Mill operates stably, utilizing circular fuels such as wood chips and paper residues to decrease coal reliance and enhance energy independence. Additionally, Tayuan Mill converts papermaking wastewater into biogas green power, generating over 11.8 million kWh of electricity in 2025. Houli Flagship Mill has constructed a 120-ton biomass cogeneration system and a biogas green power system. The biogas electricity will be connected to the Taipower grid, continuously transforming process byproducts and wastewater into energy and commercial revenue to expand its low-carbon competitiveness.
In response to global supply chain restructuring, AI smart manufacturing, and the net-zero transition, Cheng Loong will continue to deepen smart manufacturing and low-carbon energy creation in Taiwan while accelerating capacity utilization in Vietnam. By leveraging AI to drive operational upgrades, circular energy generation to strengthen energy resilience, and regional positioning to capture market growth, Cheng Loong aims to continuously enhance operational competitiveness and build long-term growth momentum.
Looking ahead to H2, as the global economy remains subject to uncertainties such as geopolitics, tariffs, and energy prices, Cheng Loong will navigate market shifts cautiously and adjust its production and marketing strategies flexibly. Driven by the traditional peak consumption season and the ramp-up of new production capacity in Vietnam, the company will continue to leverage its regional presence across Taiwan, China, and Vietnam to enhance capacity efficiency, supply flexibility, and growth momentum.
Vietnam Expansion Enters New Stage with Launch of Million-Ton Base
Having entered the Vietnam market in 2005, Cheng Loong has developed an integrated production system of industrial paper and corrugated container. The Phase 3 industrial paper line at the Binh Duong Paper Mill commenced production in H1, elevating annual capacity to a million-ton scale. Simultaneously, the second production line at the Ben Cat Box Plant in Southern Vietnam began operations. As utilization rates at these new facilities ramp up, the company will maximize vertical integration and economies of scale. Furthermore, the sixth box plant in Ninh Binh Province, Northern Vietnam, is scheduled to begin production in 2027 H1, optimizing the production and sales network across Northern and Southern Vietnam to capture growth opportunities in Southeast Asia.
Taiwan Deepens AI Smart Manufacturing; Low-Carbon Energy Generation Unlocks Green Value
Regarding Taiwan operations, Cheng Loong initiated its "Smart Paper 4.0" transformation in 2019, progressing from IoT device connectivity and data integration to smart manufacturing. Launching its "Milestone Year for AI Applications" in 2024, the company has implemented over 30 smart projects to date. AI is deeply integrated into paper production and energy management, utilizing real-time data to monitor paper machine operations, analyze process parameters, and optimize cogeneration and energy dispatching. These efforts help stabilize production, lower energy consumption, and convert decades of manufacturing expertise into data, boosting production efficiency and energy utilization.
In terms of low-carbon energy creation, Cheng Loong continues to shift its manufacturing hubs from energy consumers to "energy generators." The biomass cogeneration system in Chupei Mill operates stably, utilizing circular fuels such as wood chips and paper residues to decrease coal reliance and enhance energy independence. Additionally, Tayuan Mill converts papermaking wastewater into biogas green power, generating over 11.8 million kWh of electricity in 2025. Houli Flagship Mill has constructed a 120-ton biomass cogeneration system and a biogas green power system. The biogas electricity will be connected to the Taipower grid, continuously transforming process byproducts and wastewater into energy and commercial revenue to expand its low-carbon competitiveness.
In response to global supply chain restructuring, AI smart manufacturing, and the net-zero transition, Cheng Loong will continue to deepen smart manufacturing and low-carbon energy creation in Taiwan while accelerating capacity utilization in Vietnam. By leveraging AI to drive operational upgrades, circular energy generation to strengthen energy resilience, and regional positioning to capture market growth, Cheng Loong aims to continuously enhance operational competitiveness and build long-term growth momentum.