When talking about the leading companies in Taiwan’s wire and cable industry, many people may first think of Huarong, Ta Ya, and Hopki. However, insiders know that TATUN, which was founded in 1949 and has a factory in Yangmei, Taoyuan, actually has a longer history than any of these companies, and also has the same strong capability of supplying Taipower’s 345kV ultra-high-voltage power grid. However, it is interesting to note that among the four leading companies, GRECO not only has the smallest capitalization, but is also the only unlisted company!
Now, after the second generation has taken over, in May 2024, TATUN will finally try to open a counter and plan to go public next year. Why did this low-profile company, which has been one of the top four companies in the domestic cable industry for more than a year, choose the 75th anniversary of its founding to take off into the wind? As a newcomer to the stock market with tens of billions of orders, and holding up the ESG banner, Daido is pursuing a more sustainable outlook that is different from the rest of the world.
Yangmei, Taoyuan, a famous Hakka village in China, has a simple environment, rich in humanity, but one would never expect that for more than half a century, there has been a hidden dragon in Taiwan’s wire and cable industry – TATUN, which, with a pocket-sized SME capitalization of 600 million dollars, is comparable to the strength of Hwawing, TA YA, and Hopki, the only four domestic suppliers of 345kV (kilovolt) ultra-high voltage power grids. It is the only four domestic suppliers that can provide 345kV (kilovolt) ultra-high-voltage power grids, and has been a major player in the local wire and cable industry for decades. Now, this heavyweight is finally set to go public in 2025.
The ESG sign is more visible than the company’s logo! TATUN reveals its determination to transform itself into a sustainable company with tens of billions of orders in hand, and aims to go public in 2025.
hen we arrived at the headquarters of TATUN, before the reporter and his team entered the office, we could see from afar the big “ESG” (Environmental, Social, Governance) signboard, which symbolizes the spirit of sustainability of the company, and it was even more eye-catching than the company’s logo, so we couldn’t help but wonder why this quasi-listed company puts its philosophy more important than itself. In response, Li Ya-ling, who greets us with a smile and an elegant personality, says, “The bigger the ESG sign at the door, the more it represents the company’s determination to do what it has to do.
Even though GRECO has been able to excel in the cable industry for the past 75 years without adopting ESG as its slogan, Lin Chi-Ming, Chairman of TATUN, who stands on the front line of transmitting the nation’s electricity carriers, smelled that global sustainability and environmental protection had become an international phenomenon and the trend of Taiwan’s green energy was actively undergoing a transformation. On a certain day in 2022, he told his secretary, “I’ve got to go to school,” and then plunged into the field of ESG without looking back. After listening to eight sustainability forums, he resolutely declared to the company that “TATUN will embark on the road of energy conservation and carbon reduction from now on.
In fact, this determination of Mr. Lin is not totally empty. He is a far-sighted person, and although he is living in the present, he is actually looking at the business opportunities behind him.
Even though TATUN is still a domestic regional industry, supplying cables to mostly domestic markets, and has not been affected or impacted by global green inflation or environmental protection regulations, a company that has built its foundation for 75 years naturally has a sensitivity to sustainable management that is beyond the imagination of the general public.
Facing the fact that all the visitors of TATUN are international trading companies, Mr. Lin is well aware that the company’s solid ESG transformation to manufacture products and provide them to customers in a carbon-reducing way, and at the same time to realize energy-saving effects for the entire industrial chain, is not only a convenient way to do so, but is also expected to improve the efficiency of the country’s overall power transmission and the company’s internal operations. Even when the year 2025 arrives and local companies are faced with a carbon tax, those who are ready for it will already have a unique competitive advantage.
TATUN receives carbon inventory certification and energy management certificate! Promoting Taiwan’s Green Energy Industry Chain by Leading Employees in Energy Saving and Carbon Reduction.
Accordingly, the first step in the development of TATUN’s ESG strategy began with the introduction of Intelligent Manufacturing, which is dedicated to moving wire and cable production systems from manual and semi-automated to fully automated.
However, Li Ya-ling admits that it would be a lie to say that it’s not hard work for SMEs to move towards ESG, given their capabilities. This is because the company not only has to fully implement ISO 14064 (Enterprise Greenhouse Gas Verification and Verification) to obtain the carbon inventory certification, but also has to grasp the data of how much carbon emissions the organization produces in its annual production. Next, carbon reduction targets must be set year by year, and carbon reduction and energy saving process planning must be implemented through the specific integration of the work of each department.
At the same time, TATUN has also obtained the ISO 50001 energy management system standard certificate, in order to seek a more efficient way to build energy. For example, as mentioned by Li Ya-ling, when the company evaluates whether equipment should be replaced by new ones, it will carefully consider the recycling period; or when choosing important equipment for the renewal process, it will tend to import it from Scandinavia, Finland and other environmentally conscious countries, so that the material of the machine itself will include elements of energy saving and carbon reduction.
Source of information-https://city.gvm.com.tw/article/preview/116936?fbclid=IwZXh0bgNhZW0CMTAAAR7D6LFnVVfLWNlxVkXfGN_c9KRZQ-txgADnf-LNeAUKMh8GE6_jSGGpKqMdAg_aem_Ga1QSDLclNJ2o0uaUQuPhw