Hsu Hsu-Tung Misses Shareholder Meeting; Oriental Union Chemical Hopes for Q2 Turnaround Amid Tariff War Impact

AI Summary (NQ-processed)

At its shareholder meeting, Oriental Union Chemical Corp. reported that due to tariff wars, geopolitical risks driving up raw material costs, and overcapacity in China, it posted a net loss of NT$887 million last year and continued to see losses in Q1, albeit narrowing. It aims for a turnaround to profitability in Q2. To tackle these challenges, OUCC is actively adjusting its product mix to focus on high-value-added areas like specialty chemicals for AI and high-purity chemicals for semiconductor processes. A new business unit has been established to transform from a raw material supplier into a key player in the electronic chemicals industrial chain. The company has also set a goal to reduce carbon emissions by 50% by 2030.