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Cheng Loong August Revenue Hits 20-Month High on Vietnam Capacity Expansion
Process Industries · Pulp & Paper · economic_daily · 2026-09-09
1904
Cheng Loong's August revenue reached NT$4.343 billion, a 20-month high, driven by the successful ramp-up of its Vietnam paper mill capacity.
What Happened
Record Revenue: Cheng Loong announced August consolidated revenue of NT$4.343 billion, a 23.12% year-on-year increase and the highest level in nearly 20 months.
Capacity Boost: The company's Binh Duong paper mill in Vietnam added 300,000 tons of annual capacity in July, bringing total capacity to 1 million tons, with current output fully sold.
Market Strength: The company has seen strong performance in the Vietnam market this year, with a 12% increase in product prices and double-digit growth in industrial paper and packaging shipments.
Future Outlook: Management expects September revenue to remain strong, potentially marking three consecutive months above NT$4 billion and setting a new quarterly record for Q3.