Press Release
Cheng Loong Corp. (1904-TW) held its investor conference today (March 20th). President, Ching Piao Chang, stated that the global paper market in 2025 faced challenges from oversupply, international political and economic shifts, and exchange rate volatility. However, market demand has rebounded since Q4, with a significant improvement in the economic outlook driving growth in packaging paper sales. For the full year, Cheng Loong’s consolidated revenue reached NT$42.98 billion, with a decrease of 4.85% YoY. Net profit after tax was NT$799 million, with an increase of 21.65% YoY, and earnings per share (EPS) grew by 34.54% to NT$0.74, demonstrating operational resilience.
Looking ahead to 2026, while the global economy remains affected by uncertainties such as geopolitics and energy prices, the Taiwan and China markets are expected to sustain the recovery momentum seen in the Q4 of last year. Furthermore, with new capacity at the Vietnam plant scheduled to come online successively in the H1 of the year, the company anticipates promising growth for the full year.
Looking ahead to 2026, while the global economy remains affected by uncertainties such as geopolitics and energy prices, the Taiwan and China markets are expected to sustain the recovery momentum seen in the Q4 of last year. Furthermore, with new capacity at the Vietnam plant scheduled to come online successively in the H1 of the year, the company anticipates promising growth for the full year.
In the realm of low-carbon smart papermaking, Cheng Loong has actively integrated cycles of product, energy, water, and incorporating agricultural and forestry to fully upgrade its "3R PLUS Low-carbon Manufacturing Value Chain." In 2025, the utilization rate of recovered industrial paper reached 97.6%, the waste-to-resources ratio reached 99.4%, the alternative energy ratio was 18.6%, and the unit product water consumption decreased by 15.3%. Total GHG emissions decreased by 14.2% compared to the 2018 base year, making it the only paper company in Taiwan to receive the CDP "A List" for climate change. Furthermore, the company pioneered smart production-marketing and intelligent co-generation systems, implementing over 30 smart projects that significantly enhanced production efficiency and energy performance.
Since entering the Vietnam market in 2005, Cheng Loong has continuously expanded its local investments, establishing a fully integrated production system for industrial paper and corrugated container. The company currently operates one paper mill and five box plants. The phase 3 expansion of the Binh Duong Paper Mill's industrial paper line is set to be completed in the H1 of the year, transforming it into the region's largest million-ton low-carbon circular economy hub. Beyond papermaking, the packaging segment is also expanding; the second production line at the Ben Cat Plant in southern Vietnam will commence operations in H1 2026. Furthermore, the company's sixth box plant in Ninh Binh Province, northern Vietnam, is scheduled for completion in H1 2027, with an annual capacity of 120 million square meters. By then, total packaging capacity in Vietnam will surpass 1 billion square meters, enhancing operational flexibility, and the competitiveness of the regional supply chain.
By actively transforming low-carbon initiatives into growth and competitive advantages, Cheng Loong has secured a cumulative NT$25.3 billion in ESG-linked syndicated loans over the past four years. The company has been four-time listed on "Clean 200™" list, and ranked No.46 in the "Asia-Pacific 50 Most Sustainable Corporations" for the first time this year. Moving forward, the company will continue to drive low-carbon sustainability through smart manufacturing and resource circulation, strengthening long-term operational momentum.