The rights issue is expected to boost the company’s capital to NT$391 million (US$12.8 million), from NT$355.9 million, said the company, which currently trades its shares on the preparatory Emerging Stock Board. Established in 1980, Value Valves manufactures valves in various specifications, with butterfly valves being its major revenue contributor and accounting for about two-thirds of total sales. Downstream applications of the company’s products extend to various sectors, ranging from energy and gas and semiconductor to industrial sectors. “Even though the global economy this year is full of many uncertainties, shipments of the company’s valve products are still thriving thanks to increased environmental awareness, increasingly stringent safety standards and the global manufacturing relocation amid the Sino-US trade war,” Value Valves said in the statement. Value Valves business department general manager Chien Pei-ling (錢佩玲) said at the presentation that the three major growth drivers next year would come from the petrochemical industry, the shipbuilding industry and the returning Taiwanese businesses.

Source: Taipei Times December 08, 2019 15:56 UTC