NAN LIU Business Summary

Nan Liu Enterprise Co., Ltd. (6504.TW) operates a vertically integrated manufacturing model specializing in non-woven fabric technologies and high-end hygiene and skincare products. The company generates revenue through three primary business segments: Non-woven Fabrics (spunlace and air-through/thermal-bonded materials), Hygiene Products (wet wipes, dry towels, and disposable surgical gowns), and Biotech/Skincare (facial masks, emulsions, and cosmetics). Leveraging advanced production bases in Taiwan, China (Pinghu), and India (Ahmedabad), the company serves global markets by supplying raw materials to multinational consumer brands and producing private-label finished goods. Within the competitive landscape, Nan Liu maintains a leading position in the Asian spunlace market, competing directly with regional peers such as KNH Enterprise (9919.TW), Fu Burg Industrial (8929.TW), and Shinih Enterprise (9944.TW). While larger conglomerates like Toray Industries operate in the broader textile space, Nan Liu differentiates itself through its specialized focus on medical-grade and high-absorbency non-woven applications. Founded in 1978 by Ching-Shan Huang, the company transitioned from a local household goods manufacturer into a global industrial leader. The current leadership team is anchored by Chairman Chin-San Huang (the founder), who returned to the chairmanship in 2025, and General Manager (CEO) Shih-Chung Huang, who oversees the group's strategic expansion and R&D initiatives. The executive suite includes Vice President Rui-Hua Yang, who brings decades of experience in chemical fiber management, and Vice President Li-Chen Chen. The board is characterized by strong family stewardship and professional oversight, with notable involvement from the founding Huang family and investment through NeiZhuang Investment Co., Ltd. This leadership team has been instrumental in pivoting the company toward high-margin biotech materials and expanding its manufacturing footprint into the Indian subcontinent to capture emerging demand in the hygiene sector.