Asia Cement secures NT$440 billion in orders, projects three years of growth

Asia Cement (6139), a cleanroom and electromechanical integration engineering company, anticipates three years of consecutive growth, buoyed by a substantial order backlog of NT$440 billion. The company secured NT$303.7 billion in new engineering contracts in the first half of 2026, a significant increase from previous years. This surge is largely attributed to the escalating investments in artificial intelligence (AI), high-performance computing (HPC), and advanced manufacturing sectors.

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Benefiting from the continuous rise in AI, high-performance computing (HPC), and advanced manufacturing investments, the amount of new engineering contracts signed in the first half of the year reached NT$303.7 billion, with NT$440 billion in unexecuted engineering contracts, significantly increasing order visibility and expecting annual growth in operations for the next three years.

General Manager Chiang Hsiao-lin highlighted that 91% of the new contracts signed in the first half were from the ASEAN market, with 98% of these being semiconductor-related projects. This underscores the global demand for fab construction driven by AI advancements. The current backlog of NT$440 billion, with 76% in the ASEAN market and 81% in semiconductor projects, indicates continued strong customer demand.

Asia Cement plans to leverage Taiwan and Singapore as its primary growth engines. In Taiwan, the company will focus on high-tech facilities and public infrastructure projects. Singapore is emerging as a key hub for AI semiconductors and advanced manufacturing in Southeast Asia. With increasing investments in wafer fabrication, memory, and advanced packaging, Singapore's demand for high-tech construction is rising, building on Asia Cement's existing experience with wafer fabs and advanced packaging plants.

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The current backlog of unexecuted engineering contracts for Asia Cement has reached NT$440 billion, with the ASEAN market accounting for 76% and semiconductor engineering for 81%, indicating that customer demand remains very strong.

Addressing concerns about labor shortages impacting semiconductor construction timelines, Asia Cement stated that current project durations are conservatively estimated at one to two years. For instance, a complete wafer fab project in Singapore was completed from groundbreaking to owner equipment installation in just 14 months.

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The Group's future operations will focus on Taiwan and Singapore as the two major growth engines.