In 2024, the world faced geopolitical tensions, persistent trade protectionism, and sluggish manufacturing in the Eurozone. The global Manufacturing Purchasing Managers' Index (PMI) averaged only 49.3%, signaling insufficient momentum for economic recovery. In the face of these challenges, HIWIN has remained resilient by leveraging years of R&D, innovation, and a global presence. Our mechatronics integration and precise marketing strategies have allowed us to continue thriving in a fiercely competitive market. Despite the challenging environment, we achieved a consolidated revenue of NT$24.392 billion in 2024, a slight decrease of 0.98% compared to 2023.
As the global economic landscape fluctuates, HIWIN remains firmly committed to deepening its focus on high-end applications and elevating the value of our core products and mechatronics integration. We seek to position our solutions at the forefront of industries such as smart manufacturing, automation, semiconductors, healthcare, aerospace, and new energy to support our customers in improving precision, production efficiency, and competitiveness. This also strengthens our leading position in the motion control sector. In the semiconductor industry, HIWIN’s wafer automation subsystems and equipment have already been adopted by multiple key customers and integrated into both semiconductor and advanced packaging processes. In AI and robotics, we are at the cutting edge, offering custom solutions such as ball screws, linear guideways, crossed roller bearings, strain wave gears, single-axis modules, and subsystems. Moreover, we are leading the way in collaboration with customers to develop logistics robots, welding robots, and specialized robots, providing integrated solutions to drive HIWIN's future growth.
To accelerate the expansion of new products and markets, and to deliver immediate, localized services to our customers, HIWIN continues to expand both domestically and internationally. Our Yunke Plant III, Taichung Industrial Park Plant I and Singapore subsidiary’s new plant are already operational. Additionally, the new plant for our Italian subsidiary and Taichung Industrial Park Plant II are scheduled for completion in 2025. Our acquisition of the Czech subsidiary and the establishment of a French subsidiary will ensure our capacity for mid- and long-term growth.
In 2024, we also continued to receive recognition for our operational performance and product innovations: 1. We ranked in the top 5% of listed companies in the corporate governance evaluation; 2. The Underwater Direct Drive Rotary Table RCH-100E received the prestigious Taiwan Excellence Silver Award; 3. The HIWIN Intelligent Linear Guideway i4.0 GW earned the Excellence Award in the Robot and Key Components R&D category; and 4. Our Intelligent Ballscrew i4.0 BS received the TMBA Circular Economy Gold Mark.
ESG and sustainability achievements in 2024 include: 1. Passing the Science-Based Target Initiative (SBTi) review and committing to achieving net-zero emissions by 2050; 2. Being the only company from Taiwan's machinery and electrical equipment industry to be listed in the Dow Jones Sustainability Index (DJSI) Emerging Markets Index; 3. Being recognized for two consecutive years in Business Weekly's Carbon Competitiveness Top 100; 4. Receiving the TCSA Taiwan Corporate Sustainability Awards, including Top 100 Corporate Sustainability Awards, Platinum for Corporate Sustainability Reporting, People Development Awards, and Workplace Wellness Leadership Award; and 5. Receiving the Green Procurement Excellence Unit award from the Ministry of the Environment.
Looking ahead to 2025, despite uncertainties arising from new U.S. policies, geopolitical risks, ongoing weak demand in the Eurozone, trade protectionism, and global inflationary pressures, we are ready to embrace another year filled with changes and opportunities. We are confident that demand will continue to grow across key industries such as semiconductors, AI, robotics, electric vehicles, green transformation, and smart manufacturing. HIWIN will stay focused on these emerging trends, strengthen our mechatronics integration solutions, and provide better local, customized services. By collaborating with our partners throughout the value chain, we aim to create greater added value.
We extend our deepest gratitude to all of our long-term partners for your unwavering support. We remain steadfast in our commitment to innovation and will continue to deliver on our ESG promises and corporate sustainability goals.
Lastly, we wish you and your families health and prosperity!