Due to the effects of international political and economic turmoil, inflation, rising interest rates, and weakening demand on the steel market in 2022, CSC stepped up activities to reduce costs and increase profits, in order to mitigate the impact on operations. In light of the rapid changes in the industry prosperity and economy and to enhance competitiveness in response to dramatic changes in the competitive environment, in addition to the projects to " cost reduction and profit increase," we also plan to organize activities to "reduce controllable cost above" as a support measure in 2023, in order to strengthen constitution and increase overall synergies.
Unit:100 million TWD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cost Reduction and Profit Increase Target | 61.8 | 45.8 | 45 | 50.9 | 51.9 |
Cost Reduction and Profit Increase Performance | 72.5 | 60.4 | 52.4 | 59.9 | - |