New Asia Business Summary

New Asia Construction & Development Co., Ltd. (2516.TW) is a premier Taiwanese contractor that generates revenue through project-based civil and building engineering contracts, primarily for public sector infrastructure and social housing initiatives. The company’s business is bifurcated into Civil Engineering, which encompasses high-complexity projects such as expressways, tunnels, bridges, and mass transit systems, and Building Construction, which focuses on residential developments, educational facilities, and industrial plants. As a Tier-1 player in Taiwan’s construction market, New Asia leverages its technical expertise in underground excavation and large-scale structural works to secure high-value government tenders. Its primary competitors include Continental Holdings Corp, Kung Sing Engineering Corp, and Da-Cin Construction Co., Ltd. Within this competitive landscape, New Asia distinguishes itself through its specialized capacity for technically demanding public works, maintaining a robust order book tied to Taiwan’s long-term national development and urban renewal projects. The company is led by Chairman Chih-Yuan (C.Y.) Chen, a veteran industrialist who also serves as the Chairman of Wan Hai Lines and is a key figure in the influential Chen family business group. Under his strategic oversight, the executive management is headed by President Lai Yuan-Zhao, who brings extensive operational experience in engineering logistics and large-scale project execution. Founded in 1967, New Asia has evolved under the stewardship of the Wan Hai Group, which remains a cornerstone investor and provides significant financial and strategic stability. The board of directors is characterized by strong institutional representation from the Chen family’s investment vehicles, ensuring a governance model that prioritizes long-term infrastructure cycles and technical excellence. This leadership synergy between the Chen family’s industrial pedigree and professional engineering management positions the firm to navigate the capital-intensive and regulatory-heavy environment of Taiwan’s construction industry.