TAIPEI (Taiwan News) — Taiwan Fertilizer President Chen Yu-hsin (陳右欣) said the company will expand efforts to recycle agricultural waste to reduce waste disposal costs and lower fertilizer production expenses.
The company, in which the Ministry of Agriculture holds more than a 24% stake, is a major domestic fertilizer supplier. In line with government policies to support the agricultural sector, the company said its fertilizer prices will remain unchanged this year, per CNA.
The company’s fertilizer business posted a NT$1.3 billion (US$42 million) loss last year, mainly due to frozen fertilizer prices under government policy and higher material costs. Chen said the company will roll out additional measures this year to cut losses by half.
Besides fertilizer production, the company earns significant revenue from its real estate holdings, with rental income reaching NT$2.4 billion last year. A building in Taipei’s Nangang District has been leased to restaurants and tech companies, generating annual revenue of around NT$1 billion.
Chen said the company’s Hsinchu building, spanning 47,000 ping (approximately 155,000 square meters), has also been leased to tech companies, including ASML and Aspeed Technology. She added that discussions are ongoing with additional companies interested in leasing space in the building.
Chen said the company will suspend its hydrogen power development, citing a lack of stable customers. She added that while hydrogen is an important part of renewable energy, high development costs may cause continued investment to add to losses.
To boost revenue, the company also plans to develop chemicals used in semiconductor manufacturing, which can be derived from its fertilizer production. Chen said it has partnered with tech firms on the initiative.
To lower carbon fees, the company’s Taichung plant will implement US-based Kellogg Brown & Root’s emission-reduction solutions. The equipment is scheduled for installation by the first quarter of 2028.
The company added that it has stepped up its transformation efforts, emphasizing the use of AI technology and drone-assisted fertilization to improve fertilizer efficiency, as part of its push to promote precision agriculture in Taiwan.
