TAYA Electric Wire & Cable Makes Steady Advances in Business and its Double-E Strategy Aims to Realize its Vision of a Beautiful Homeland

TAYA Electric Wire & Cable Makes Steady Advances in Business and its Double-E Strategy Aims to Realize its Vision of a Beautiful Homeland

Published Date: 2022/12/01

Shang-Hung Shen, Chairman of the Board, TAYA Group

       TAYA Electric Wire & Cable, ever-committed to promoting the concept of “friendly environment, beautiful homeland,” has continued its steady development this year on the back of its double-E (Energy and Emerging Opportunity) strategy, and continues to uphold its belief of social responsibility as it deepens efforts in the protection of Taiwan’s natural ecosystems.

       Looking back on 2022, TAYA Group thoroughly achieved the expected goals outlined in its annual plan, with this success being driven by the double-E growth engine that fostered collaboration with other industry-leading energy brands and discovered business-savvy investment opportunities in new ventures. For example, in terms of energy production, TAYA Group invested in SUN BA Power, which will this year begin work on the second generation of the nation’s natural gas power infrastructure. Jhih-Guan Energy, which was acquired last year, can complete listing before the end of the year. In terms of energy conversion, TAYA Group has invested in Tensor Tech which develops spherical motor technology for satellite minimization. As for energy storage, Shang-Hung Shen, Chairman of the Board of TAYA Group has announced that TAYA Group has joined Taipower’s Automatic Frequency Control (AFC) Ancillary Service trading platform to continue expansion in energy storage for the future.

Tapping into the Investment Potential of New Ventures in Information Security and Medicine

        In addition to its investments in two venture capital funds, TAYA’s breakthroughs in new ventures include investments in the information security and pharmaceutical industries. In terms of the company’s approach to the information security sector, Shen pointed out that most of the production systems of modern industries operate in serial form where much of the production data communicates with each other, hence the obvious importance of information security on site. Moreover, the proper use of big data for future development under the premise of complying with privacy and regulations is also an information security issue that TAYA holds concerns over.

       As for investing in the pharmaceutical industry, Shen believes that there is no shortage of talent in the research and development of new drugs in Taiwan, and that many companies specifically invest in this field in Taiwan, demonstrating the abundance of development opportunities in the country’s pharmaceutical industry.

Shang-Hung Shen, Chairman of the Board, TAYA Group

The Connection of Green Energy for a Friendly Environment

       TAYA Group’s steadily growing momentum not only drives its development, but also unites and harnesses the power of society in efforts to sustain a beautiful homeland. Since 2007, “TAYA Pristine Homeland Foundation” has been an active sponsor of various environmentally-friendly individuals and organizations. This year, its support for the “Taiwan Thousand Miles Trail Association” (TMI Trail) has deepened, recognizing the association’s efforts in the maintenance of hand-cleared trails which enable the public to get closer to the mountains and forests in a safe manner.

       In regards to the mutual benefits of the symbiotic relationship between humans and the environment, Shen revealed that the foundation is currently planning a project that combines citizen groups, grassroots organizations, and renewable resource utilization organizations to address the problem of excessive litter on the Alangyi Historic Trail in Pingtung. It is hoped that the implementation of an incentive mechanism will be in place in the future that invites every hiker who visits Alangyi to become a volunteer to help clean up the loose rubbish along the coastline in an effort to help maintain the rustic and charming coastal scenery of Alangyi.

       Regarding the upcoming year, Shen stated that the current international and cross-strait political and economic environment is quite worrying, and it is difficult to predict how the situation will develop. Therefore, the year will be full of variables that require a flexible and cautious approach.

        While Shen has to walk on thin ice in terms of managing his business, the presence of his grandchildren seems be sufficient in serving as a temporary relief from this burden. A warm and gentle smile can be seen on his face. Shen looks forward to continuing the pursuit of wisdom and good health in the next year while taking care of his family and enjoying more time with them. The perfect balance between life and work needs to be struck so that he can continue to lead TAYA Group steadily into its 68th year.

Source of article: Business Weekly (https://www.businessweekly.com.tw/style/indep/1002853 )