NEW BEST Business Summary

New Best Wire Industrial Co., Ltd. (5013.TWO) operates a dual-core manufacturing model focused on high-precision steel wire production and specialized electro-polishing (EP) services. The company generates the majority of its revenue through its Wire Business segment, which produces carbon, alloy, and stainless steel Cold Heading Quality (CHQ) wires primarily for the automotive, construction, and electronics fastener markets. Its high-margin EP Business segment provides ultra-clean electro-polished pipes and fittings essential for the semiconductor, optoelectronics, and chemical industries, positioning the firm as a critical niche supplier within the global technology supply chain. New Best maintains a dominant market position as one of Taiwan's top two wire drawing manufacturers, competing directly with regional peers such as Tycoons Group Enterprise (2022.TW), Rodex Fasteners (5015.TW), and Chun Yu Works (2012.TW) by leveraging its integrated production capacity of approximately 145,000 metric tons per year and its specialized technical expertise in surface treatment. The company’s leadership is currently spearheaded by Chairman Wu Meng-Ying, who assumed the role in mid-2024 following a tenure as Vice President, succeeding long-time leader Wu Yu-Tang. Supporting the executive suite is Vice Chairman Chen Cheng-Kun, a veteran of the firm with a deep background in mechanical engineering and former service as General Manager, and current General Manager Fang Cong-Wei, who oversees day-to-day operations and the firm’s expansion into the ASEAN trade zone via its Vietnam-based facilities. The board of directors is heavily influenced by institutional stakeholders, notably Guang-Rong Investment Co., Ltd. and Shangyao Investment Co., Ltd., which maintain significant representative seats. This leadership team has successfully steered the company from its 1993 founding in Tainan into a diversified industrial player with a robust presence in both traditional fastener materials and advanced semiconductor infrastructure components.