- CEO
- Tan Cheng Huang
- Full Time Employees
- 429
- Sector
- Producer manufacturing
- Industry
- Building products
- Address
- No. 33, Wuquan 5th Road New Taipei TP Taiwan 248
- IPO Date
- Oct 5, 2016
- Business
- Hong-Wei Electrical Industry & Co., Ltd. engages in the design, manufacture, sale, maintenance, and service of elevators, escalators, and related systems primarily in Taiwan and internationally, including China and Vietnam. The company offers freight elevators, such as opening type, driving systems, and special-purpose models including explosion-proof and clean room variants; passenger elevators encompassing opening type, driving systems, interior decorations, hospital-bed only, panoramic, and machine room-less designs; escalators; and automatic conveyor systems, complemented by warranty services, regular maintenance, repair, installation, and after-service support. Founded in 1968 and headquartered in New Taipei City, Taiwan, it operates through segments focused on elevator sales and repair/installation/maintenance, serving commercial, residential, industrial, and specialized markets with approximately 422 employees under CEO Xiantang Chen. Recent financial disclosures indicate steady revenue growth, with elevator sales reaching TWD 935.39 million in fiscal 2023 (up 14.73% year-over-year) and repair/installation/maintenance at TWD 644.26 million (up 1.61%), alongside geographic contributions from Taiwan (TWD 1.31 billion), China (TWD 262.93 million), and Vietnam (TWD 10.96 million); the company reported earnings results for the half-year ended June 30, 2024, reflecting ongoing operational stability amid its listing on the Taipei Exchange under ticker 4565.TWO.