Optimistic about Taiwan's power construction market, Nanya forms alliance with South Korea's largest heavy power company

Nanya accelerates its heavy electrical business layout and joins hands with South Korea's LS ELECTRIC to establish "Nanya Music Star".

[Reporter Chen Yongji/Reporting from Taipei] After recently joining hands with leading domestic heavy electrical manufacturers Huacheng (1519) and Datong (2371) and other peers to form an alliance to enter the power infrastructure market such as the United States, Nanya (1303) announced yesterday (6th) the establishment of a joint venture "Nanya Lexing" company with LS ELECTRIC, South Korea's largest heavy electrical and industrial automation company.

Nanya stated that LS ELECTRIC is affiliated to South Korea's LS Group, and its core business covers the fields of power equipment, power transmission and distribution systems, direct current (DC) technology and smart energy solutions. It is also currently actively extending its business in Taiwan from power equipment supply to engineering design and project contracting, which is highly consistent with Nanya's development direction of continuing to expand its heavy power business and constructing a full range of power solutions.

Nanya pointed out that after the two parties jointly establish "Nanya Lexing", they will initially focus on establishing localized, fast and complete service capabilities, and gradually lay out key links such as bidding, engineering design, and technical support. By integrating LS ELECTRIC's professional advantages in the fields of power equipment manufacturing, engineering design and technical services, as well as its complete US UL certified product line, and combining Nanya's existing manufacturing base and EPC (engineering, procurement and construction) network in Taiwan, it will leverage the complementary benefits of both parties' resources and expertise, enhance the overall market competitiveness, and actively seize the growth opportunities in Taiwan's power infrastructure market. In the future, the two parties will continue to deepen cooperation, further expand into the United States and other international heavy power markets, and expand the power business territory.

Nanya said that driven by the rapid growth in demand for AI data centers, the accelerated updating of global power grids, and the continued advancement of energy transformation, heavy electrical equipment has gradually transformed from a traditional and stable industry into a strategic industry with high growth potential and high technological thresholds. In response to market trends, in addition to actively investing in the development of new products such as environmentally friendly gas-insulated switch panels and H-class high-temperature resistant transformers, Nanya will also expand its participation in turnkey contracting of public systems for high-tech industries, development of microgrid systems, and provide after-sales services such as equipment replacement, maintenance, and testing, gradually transforming into a power system solution provider.