The Taiwan Sugar Corporation (Taisugar) held its 2023 Shareholder Meeting in regular session today (June 12) at its Tainan Corporate Headquarters building at 10 a.m. Taisugar reported revenue of NT$28.824 billion in 2022 with operating income amounting to NT$1.751 billion, which was higher than the mandatory budget level of NT$310 million and NT$716 million, respectively. Taisugar has accomplished the budget goal and resolved to pay stock dividends of 2022 from the earnings at NT$0.5/share.
Taisugar has further advocated circular economy and green energy, accelerated the renovation of modern pig farms, and intensified the installation of photovoltaic power facilities last year in braving the tidal wave of environmental protection, according to Taisugar. This not only helps to boost up the operations but also realize the national goal of net zero emission. The work on the Huwei Pig Farm of Taisugar was completed last July. As of the end of 2022, Taisugar has successfully installed facilities of photovoltaic energy with a capacity of 334MW, and planned to maintain 30% of consumption in green energy to meet the demand of the small and medium enterprises in power supply in Taiwan. In addition, Taisugar spared no efforts in revitalizing its assets, supporting government and the needs for economic development, providing lands for industrial parks, social housing, and the sites for the assessment for setting up long-term care facilities. Taisugar also revitalized the obsolete plant sites to assure a bright future for the century-old sugar industry culture once again.
Taisugar provided necessary items for epidemic prevention like alcohol at a stable price last year to safeguard the health of people, according to Taisugar. The Company also pursued the rent reduction plan to support the lessees in at difficult time. In withstanding the pressure of domestic inflation, and also supporting the policies of the government, Taisugar adjusted pig farming and released corn feed on inventory, froze small sugar packets and vegetable oil, and also opened the No Frills Section at the Taisugar Million Convenience Stores to mitigate the impact of inflation on the economy.
Taisugar emphasized that it has focused on its purported business, improved corporate governance last year, and also co-existed with the economy, society and environment. In the future, Taisugar will make the best effort in modernizing pig farming, green energy, and the revitalization of assets while proactively training and developing talents and optimizing the organization. Taisugar will take innovation and the quest for excellence as its core values to upgrade its operating performance, pursue corporate social responsibility and advance towards the goal of net zero sustainability.
The souvenir of Taisugar for the Shareholders Meeting of this year is the rice and pork gift box (organic rice and Taisugar delicatessen pork crisp). Shareholders will enjoy the fine food combination of rice and pork. Taisugar adopted the eco-friendly mode of rice planting and is accredited with MOA on organic produce, and did not use chemical fertilizers, pesticides or herbicides. The pork meat floss is made of short fiber pork from the farms of Taisugar, and is seasoned with the collagen protein and glucosamine, which is easy to swallow and digest. This item provides a good source of nutrient and energy for the whole family and also the elderly.
Chang Mu-jung
Public Relations, Department of Secretariat, TSC
Contact Number: 886-6-337-8819 / 886-920-636-951
Email: a63449@taisugar.com.tw