Market Trends

New listed company: Chin Hsin Environ Engineering Co., Ltd. (6951)

Kathy Hsieh
Assistant Manager at TWSE

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Chin Hsin Environ Engineering Co., Ltd. (hereinafter referred to as “Chin Hsin”) established in 1999 and is the subsidiary of listed company SUNNY FRIEND ENVIRONMENTAL TECHNOLOGY CO.,LTD (8341). Chin Hsin provides local medical and business waste clearance services, the production and sales of the fully recyclable plastic and wood building materials – “Chin Hsin Wood,” and recycling and treatment services for high-quality plastics of medical waste.

Service, innovation and sustainability as core business philosophy

Chin Hsin has been committed to deeply cultivating the environmental protection industry for many years and continues to play a professional role in the three major fields of environmental protection, channels, and resource regeneration. Chin Hsin takes the lead in integrating mobile devices, and innovating electronic management for cleaning operation and develops its own “sextuple-order-form electronic declaration system”. These changes not only transform the traditional environmental protection industry into a modern industry but also enhance the customer experience of cleaning services and significantly reduce the use of paper for order forms. Currently, the company has accumulated nearly 11,000 customers including medical institutions and enterprises, and has established bases in the north, central, and south of Taiwan. Through the “star shaped transportation network” and “central waste transfer station” operation models, Chin Hsin provides comprehensive cleaning services which are closer to local customers and effectively utilize the company’s high market share advantage in urban areas to achieve economies of scale. The company’s market share of medical waste disposal volume is about 30% and of industrial waste is about 10%. In the future, the company will continuously strive to lead the disposal industry towards intelligence, efficiency and environmental protection, and become a leader in the industry.

Innovating the integration of three major businesses and committed to developing the plastic circular economy

In line with the global trend of achieving net zero carbon emissions in recent years and the government’s active promotion of the net zero transformation strategy, Chin Hsin has pre-installed a building material production line that produces “Chin Hsin Wood,” a fully recyclable and environmentally friendly plastic wood with a similar appearance to logs. These products can be widely used in landscaping, decoration, interior decoration, and other construction fields. In addition, the company utilizes its high market share advantage in medical waste cleaning and transportation to carry out plastic separation and reuse services for medical waste containing high-quality plastics after high-temperature and high-pressure sterilization treatment. The processed plastic can be used as the raw material on the Chin Hsin Wood production line through the heterogeneous plastic combination process technology developed by the company to improve the conversion rate of medical waste resources and reduce treatment and production costs. This practices the operation mode of plastic circular economy.

Figure 1:Business waste clearing vehicles

Figure 2:Medical waste reuse and treatment equipment

Figure 3:Chin Hsin Wood bicycle shelter

Figure 4:Night view of small wooden house meeting room made of Chin Hsin Wood

As a service company in the environmental protection industry, Chin Hsin is now the largest company in Taiwan in terms of medical waste clearing services. As the environmental protection industry is about to undergo transformation, Chin Hsin, as a benchmark enterprise in the industry, is taking the lead in adjusting its operating strategy, developing a special industry waste clearing market, laying out the environmental protection plastic wood market, and combining the newly launched reuse treatment. Looking ahead, the prospects of the company’s overall operations are promising.

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