Latest news & blog
C.T.I. board approves Thailand energy-storage project, contributing revenue from Q4
C.T.I. (2230) board approved a procurement case for storage-linked photovoltaic equipment in Thailand, with revenue expected from the fourth quarter as equipment ships, is accepted and is paid for in batches. The new-energy group already holds four key patents.
Piston-ring leader turns to Chinese baijiu and triples profit — C.T.I. shares jump from NT$32 to NT$155. How did the Lu brothers do it?
Business Today feature: after moving into China’s liquor market, C.T.I. posted NT$1.04 billion in nine-month revenue and EPS of NT$5.12, three times the year-earlier figure. The article traces the Lu brothers’ path from trading into manufacturing and then into new businesses.
C.T.I. goes green: from piston-ring powerhouse into the energy-storage business.
USTV report: Taiwan’s largest piston-ring maker is moving into green energy, holding three patents on its 1KW–50KW storage products with US and EU applications filed, while running catering and beverage businesses in China and setting up storage operations in Mexico. C.T.I. joined the FTSE TWSE OTC 200 index in 2024.
Beverages and energy storage drive C.T.I.’s diversification; chairman forecasts explosive growth next year.
LTN report: C.T.I. (2230) is seeing its core piston-ring business benefit from the aftermarket while its liquor and new-energy ventures both take off. The shares rose 463% from NT$31.7 at the start of the year to NT$178.5, and the storage business is expected to start contributing revenue as early as the second quarter of 2024.
C.T.I. fires on four fronts, targeting a NT$10 billion market cap within five years.
Economic Daily News interview: C.T.I. (2230) builds on piston rings, which account for 71% of revenue, alongside liquor, catering and energy storage. The CTI brand sells into 110 countries at over ten million rings a year; its Black Diamond ring cuts fuel use by 8–10%; and its smart storage systems are under patent application in Taiwan, the US and the EU. The company targets a NT$10 billion market cap within five years.
Traditional industry in transition: auto-parts maker C.T.I. moves into energy-storage equipment.
Starting from piston rings for autos and motorcycles, C.T.I. has set up a new-energy division to develop energy-storage and power-battery products for vehicles, buildings and industry.
