Hai Kwang Enterprise

What Hai Kwang Enterprise does

Hai Kwang Enterprise (海光企業股份有限公司) is a Taiwan-based, vertically integrated steel manufacturer founded in 1969 and headquartered in Kaohsiung's Xiaogang District. The company operates two core production facilities: the Xiaogang Steelmaking Plant (小港煉鋼廠), which runs an AC electric arc furnace (EAF) with 600,000 tons of annual billet capacity, and the Jiaxing Rolling Mill (嘉興軋鋼廠), which produces 550,000 tons of deformed steel rebar annually using POMINI rolling equipment from Italy and continuous casting systems from Danieli and Mitsubishi. Combined annual capacity totals 1.15 million tons, and the company has held over 10% domestic Taiwanese rebar market share since 2005. Core products include deformed steel rebar (竹節鋼筋) in grades SD280, SD420W, and SD490W across sizes D10 to D43, steel billets (鋼胚), wire rod (盤元), and small steel blooms. The EAF route uses scrap steel as feedstock, yielding carbon emissions roughly one-fifth those of blast furnace steelmaking.

The go-to-market is enterprise field sales with direct relationships to construction companies, engineering contractors, and government infrastructure projects. Named anchor customers include Taiwan High Speed Rail (台灣高鐵) and Kaohsiung MRT (高雄捷運), plus general contractors for buildings, bridges, tunnels, and public works. Pricing is unit-based (per ton) and market-driven, reflecting commodity steel dynamics. The company operates two subsidiaries: Zhengtong Environmental Technology (証統環保科技, 85.46% owned, established 2016) handling steel wire, cable, and metal wire surface treatment for fastener and hardware customers, and Yichang Steel Works (億昌鋼鐵廠), focused on rolling operations and recently merged into Zhengtong. The company has been publicly listed on the Taiwan Stock Exchange under ticker 2038 since December 2008, with majority ownership concentrated among institutional investors including Yuzhan Investment, Youming Investment, and Haiming Investment.

Financial performance has weakened materially. Revenue declined from NT$11.04 billion in 2022 to NT$9.72 billion in 2024, and 2025 year-to-date revenue of NT$8.92 billion points to continued contraction. Net income compressed from NT$210.8 million in 2022 to NT$37.7 million in 2024 and turned to a net loss of NT$109 million through 2025, with operating income also negative at -NT$77.7 million. EBITDA remained positive at NT$313.5 million through 2025 YTD, but the deteriorating trend signals margin compression consistent with weak construction-cycle demand and commodity pricing pressure. The company has committed NT$2.8 billion in capex (approved February 2025) for a new rolling mill and steelmaking equipment upgrades, explicitly tied to Taiwan's 2050 net-zero carbon targets and leveraging the company's lower-carbon EAF footprint.

Name

Hai Kwang Enterprise

Legal name

海光企業股份有限公司

Website

http://www.haikwang.com.tw/

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

251–500 employees

Short description

Hai Kwang Enterprise (海光企業股份有限公司) is a Taiwanese vertically integrated steel manufacturer producing 1.15 million tons annually of steel billets and deformed rebar via electric arc furnace technology, serving construction firms and government infrastructure projects across Taiwan.

Ownership category

akta.pro rank

Product category

Steel Manufacturing and Construction Steel Products

NAICS

Rolling and Drawing of Purchased Steel (33122)

akta.pro industry

PRIMARYIMAKABAH

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams)

Industrials, Manufacturing & Construction/Metals & Mining/Steel Production & Processing

SECONDARYIMADACAH

Rebar Fabrication & Reinforcing Products

Industrials, Manufacturing & Construction/Building Materials & Products/Structural Steel & Metal Building Products

SECONDARYIMAKAMAF

Construction & Demolition (C&D) Metal Recycling (Structural Steel, Rebar, Roofing, Wire)

Industrials, Manufacturing & Construction/Metals & Mining/Scrap Metal & Recycling (Ferrous & Non-Ferrous)

Keywords

• Steel rebar manufacturing
• Construction steel products
• Electric arc furnace steelmaking
• Steel billet production
• Scrap steel recycling

Headquarters

HQ city

Kaohsiung

HQ country

Taiwan

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Steel Rebar and Billet Sales: Manufacturing and selling steel rebars (竹節鋼筋) and steel billets through direct sales to construction companies, engineering firms, and public infrastructure projects. Primary products include D10-D43 rebars in SD280, SD420W, SD490W grades.
2. Steel Processing Services: Processing subsidiary 証統環保科技 provides steel wire, cable, and metal wire product manufacturing and surface treatment services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Hai Kwang Enterprise manufactures and sells steel rebars (竹節鋼筋) and steel billets (鋼胚) using scrap steel as the primary raw material processed through electric arc furnaces, continuous casting, and rolling mills. The company sells finished deformed rebars in D10-D43 sizes (SD280, SD420W, SD490W grades) directly to construction companies, engineering firms, and public infrastructure projects for reinforced concrete applications. It also produces wire rod, small steel blooms, and provides steel rebar processing and forming services, with subsidiary Zhengtong Environmental Technology offering steel wire, cable, and metal wire surface treatment.

Product overview

Hai Kwang Enterprise is a vertically integrated steel manufacturing company producing construction steel products. The core portfolio consists of steel blooms/billets manufactured via electric arc furnace (EAF) using scrap steel as raw material, and finished deformed steel rebar (竹節鋼筋) in various sizes for construction applications. The company operates two main production facilities: Xiaogang Steelmaking Plant (annual capacity 600,000 tons of steel blooms) and Jiaxing Rolling Mill (annual capacity 550,000 tons of steel rebar). A subsidiary, Zhengtong Environmental Technology, handles fastener surface treatment services. Additional offerings include steel rebar processing and forming services, and small steel blooms for specialized applications.

Differentiator

Problem solved

Functional benefit

Brands

• 証統環保: 海光企業旗下子公司，主要從事鋼線鋼纜、金屬線製品製造及表面處理業務。
• 億昌

Products and services

• Deformed Steel Rebar (竹節鋼筋) Primary construction steel product for reinforced concrete applications including buildings, tunnels, and bridges, available in sizes D10 to D43, lengths from 0.4m to 22m, meeting SD280, SD280W, SD420W, and SD490W specifications. Sold to construction companies, engineering firms, and public infrastructure projects.
• Steel Blooms/Billets (鋼胚) Intermediate steel product manufactured from electric arc furnace using scrap steel. Produced through continuous casting process with 12-meter length cutting at Xiaogang plant with annual capacity of 600,000 tons.
• Small Steel Blooms (小鋼胚) Smaller dimension steel blooms introduced in September 2013 as a new product category from the steelmaking division for specialized applications.
• Wire Rod (盤元) Hot-rolled steel product historically produced as the main product following the installation of rolling mill equipment in 1982 at Jiaxing plant.
• Steel Rebar Processing and Forming Service (鋼筋加工成型) Value-added processing service added in 2015 at Jiaxing rolling mill to provide cutting, bending, and forming of steel rebars based on customer specifications for construction projects.
• Zhengtong Environmental Technology Steel Wire and Surface Treatment Services (証統環保科技) Subsidiary providing steel wire, steel cable, and metal wire product manufacturing along with surface treatment services (扣件表面處理) for fastener and hardware manufacturing customers. 85.46% owned by Hai Kwang Enterprise.

Quantifiable outcome

• Annual production capacity of 600,000 tons of steel billets and 550,000 tons of steel rebars
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Taiwan Steel Association MemberscoreStrategic or Co-development PartnerActive participation in Taiwan Steel Industry Association activities, including carbon reduction initiatives and sustainability development meetings. Company engages in industry dialogue for climate change response (13 sessions) and sustainable steelmaking discussions.
• Taiwan Steel United Co., Ltd (台灣鋼聯)minorStrategic or Co-development PartnerEnvironmental partnership for recycling dust from steelmaking operations. Taiwan Steel United uses rotary kiln high-temperature smelting technology to recover zinc (approx. 25%) and lead from dust, producing crude zinc oxide products.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tung Ho Steel Enterprise: Taiwan's largest rebar and structural steel manufacturer using EAF technology, serving the same domestic construction and infrastructure customers with similar deformed rebar and billet products. Most direct head-to-head competitor to Hai Kwang in Taiwan's rebar market.
• Feng Hsin Steel: Taiwanese EAF-based long products manufacturer producing rebar, sections, and billets for the domestic construction market. Comparable scale, identical EAF production model, and overlapping customer base with Hai Kwang.
• Wei Kuo Steel Industry: Taiwan-based EAF steelmaker producing rebar and billets for the domestic market. Closely comparable in production technology (EAF), product mix (rebar/billets), and end-market focus on Taiwan construction.
• Kaihua Steel Industrial: Smaller Taiwan-based rebar manufacturer with EAF steelmaking and rolling operations. Comparable product portfolio and customer base, though smaller scale than Hai Kwang.

Broad incumbents

• China Steel Corporation: Taiwan's largest integrated steel producer (blast furnace + EAF), dominating the domestic steel market including rebar supply through subsidiaries. Not a niche rebar specialist but sets benchmark pricing and absorbs a meaningful share of major infrastructure tenders.
• Commercial Metals Company (CMC): US-based EAF-led steel manufacturer and rebar fabricator; among the largest recyclers of scrap steel globally. Comparable EAF-based rebar and long products model, though much larger and geographically diversified.
• Nucor Corporation: Largest EAF steelmaker in the United States and a global leader in scrap-based long products including rebar. Serves as the benchmark for EAF-based rebar economics, though at vastly larger scale and broader product mix than Hai Kwang.
• Gerdau S.A. Brazil-based global long-products steelmaker with substantial EAF rebar operations across the Americas. Comparable EAF, scrap-fed, rebar-centric business model, though materially larger and more geographically diversified.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hai-kwang-enterprise-corp

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hai Kwang Enterprise