EVERGREEN STEEL Business Summary

Evergreen Steel Corp (2211.TW) operates a dual-engine business model primarily generating revenue through large-scale steel structure engineering and environmental protection services. The company’s Steel Structure segment specializes in the fabrication and assembly of frameworks for high-rise buildings, semiconductor fabrication plants (fabs), and critical infrastructure such as long-span bridges and railway projects. Complementing this, its Environmental Protection segment provides high-margin recurring revenue through industrial waste treatment, incineration, and biomass-based cogeneration energy services via subsidiaries like Hsin Yung Enterprise and Ever Ecove Corp. Within the Taiwanese market, Evergreen Steel maintains a premium positioning due to its specialized engineering capabilities for the electronics industry, competing directly with major players such as China Steel Structure Co., Ltd., Tung Ho Steel, and Century Iron & Steel Industrial.