Protrade Shareholders’ Meeting: Confident in Steady Growth Across Tires, Adhesives, and Related Sectors
Protrade (6972), a subsidiary of Weblink (6776), held its shareholders’ meeting on June 5. The company reported strong results for fiscal year 2024, with consolidated revenue reaching NT$6.07 billion—up 24% from the previous year and marking a new record high. Net profit after tax surged 281% year-over-year to NT$58.57 million, translating to earnings per share (EPS) of NT$2.55. Shareholders approved a cash dividend of NT$1.5 per share at the meeting.
Looking ahead, Protrade remains optimistic about stable demand in some key sectors including tires, adhesives, and roofing waterproofing, despite ongoing global economic uncertainty. The company is also actively expanding its presence in infrastructure-related markets—such as road and pipeline replacement projects—to capture additional market share in North America. Protrade is also strategically evolving its agency business, deepening customer relationships and increasing locally sourced products in North America to support long-term business growth.
The company continues strengthening its partnership with Dow Chemical, co-developing elastomers and eco-friendly plastics for the Asian market. These materials are used in a wide range of applications, including footwear, new energy vehicles, wire and cable, AI data centers, and industrial packaging—fueling growth across Southeast Asia.
In 2025, Protrade expanded its agency relationship with an important synthetic rubber manufacturers and secured exclusive distribution rights for the Southeast Asian athletic footwear market. With the sports footwear industry gradually recovering, these developments are expected to further boost company performance.
Backed by the experience and expertise in natural rubber, Protrade has secured orders from some tire manufacturers in the U.S., Taiwan, and mainland China—supporting continued growth. The company is also actively engaged in sustainability efforts, such as the EU Deforestation Regulation (EUDR), partnering with leading tire brands in Asia and Europe and making meaningful progress. Protrade is playing a key role in building a sustainable supply chain and contributing significantly to ESG (Environmental, Social, and Governance) goals.
India has emerged as a key strategic market for Protrade. In response to global tariff changes, the company is helping redirect excess production from mainland China to India, while exporting India-made materials to the U.S. to meet supply needs. With the fast changing and flexible business environment, Protrade is successfully turning market opportunities into real revenue.
Despite ongoing market headwinds, Protrade remains focused on advancing its product technologies and customer service to reinforce its core competitiveness. As market demand begins to recover and the benefits of strategic initiatives unfold, the company is steadily progressing toward its mid- and long-term growth objectives.
(Translated by ChatGPT)