267|-s - e)aerospace fasteners ingot rod & bar scrap recycle target welding rod & wiring...

榮剛、光洋機密資料禁止複製、轉載、外流 │G M C T & S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E

Outline

1. Industrial Advantages of Gloria and Solar and synergy of collaboration (Rung-Guang Project)

2. Collaboration directions and targets 2.1 Powder high speed steel (PM HSS)2.2 Ti & Ti-alloy purification and refining2.3 High-value wire

3. Project objectives

2017/4/13 1


Master key materials��

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H ig h v alu e p ro d u c t tec h n o lo g y

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D iv ersif ied in d u stry in teg rated serv ic es

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M anu f ac t u r e r

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1. SOLAR Industrial Advantages

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SOLAR Special materials technology and business opportunities

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Reduce 、 Reus e 、 Rep a i r 、 Reco v er y 、 Recy cl e

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0513 Incident: Solar’s Commitment and Actions Taken

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Operation Principle (2016 ~ 2018)

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Interest wise, Solar has paid NT$ 0.22 billion in between May 2016 and March 2017 and is paying the fee on a regular basis.

After the incident in May 2016, Solar has consistently retained a cash balance of NTD 1 billion. During this period. a total of more than NTD 0.9 billion has been repaid, including metal leasing agreement of USD 20 million with Standard Charter and Mitsubishi bank and NTD 0.3 billion loan with Chang Hwa bank for land purchase.


Technical Synergy of Collaboration

2017/4/13

Melting & Casting

Powder Metallurgy

Melting Refining Casting

Powder Pre-forming Sintering

Gloria VIM(large) ESR��VAR High cleaning steel

Solar VIM(small) E-beam Fine continuous casting

Gloria

Solar Gas atomizer

Canning��CP��CIP

HIP、Controlledgas furnace

FormingForging

Rolling

Extrusion

Drawing

To compete with global key manufacturer by combining with both technologies,

equipment and channel

Win-Win alliance

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Industrial Synergy of Collaboration

• Combine Specialty、Combine Niche – Combine Specialty : Connecting technology、equipment and staff to

develop special process technology and enter niche market right away.– Combine Niche : form a national team to compete with global key player,

the target products are powder high speed steel, Ti refining, metal wire for biomedical and Ni-based welding rod / wire.

• Construct closed-loop system to conform to the customer interests and to create Green value.

• Expand the application field、help transition and upgrade

2017/4/13

Technology Expandable fields

Powder manufacturePowder metallurgy

Powder for 3D printing, powder for powder metallurgyProducts of powder metallurgy

Ultra-high purity material extraction Precision Machine, aerospace, biomedical

Fine continuous casting and drawing wearable device, power electronics, IC, 3D printing

0


2. Collaboration directions and targets

2017/4/13

2.1 Powder high speed steel

2.2 Refining of Ti and Ti-alloy

2.3 Fine continuous casting and drawing

Integrate resource to create synergy

10

光洋機密資料禁止複製、轉載、外流 │S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E

Solar RecycleRefining

GloriaConversionMarketingChannel

SpecializedHigh-end

CuttingTool Medical Car Active metalMold 3D Print

Alliance

2.1 PM HSS Steel– Potential Market

� Expanding the application and developing the superior product

2017/4/13 11


Advantage – Powder manufacture

2017/4/13 12

Solar-11Ton/Y

Solar-210Ton/Y

Solar-325Ton/Y

Solar-530T/Y

Solar-610Ton/Y

Solar-Next>100Ton/Y

Atomization R&D Mass productionNozzle Design

Mass production optimization

Precise metal powder

PM HSS continuously production

In-house development atomization techniqueLeader of metal powder atomization in TaiwanAbundant database of material atomizationCapability to produce powder on photonic, electronic, magnetic and mechanical

industry

Key technique of metal powder atomization and mass production2010 2019


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Advantage – HIP Process

2017/4/13 13

Leader of HIP process in Taiwan

Near-net-shape forming

Large scale PM parts manufacture

Development on high strength of PM HSS

Improvement of PM HSS

PM HSS

Typical

Capability for producing high strength PM-HSS parts

HIP Process

HIP Process

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榮剛、光洋機密資料禁止複製、轉載、外流 │G M C T & S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E2017/4/13 14

Recycle

Alloy melting Atomization HIP/CIP

Conversion

Win-Win Recycle Loop

1.Market and channel of HSS

2. Excellent conversion technique

1+1>2

1.Develope atomization technique

2.Forming and sintering technique

PM HSS– Advantage of Process

� To manufacture PM-HSS in Taiwan by the cooperation between Gloria and Solar


2017 2018 2019 2020 2021

Technology

Atomization and HIP Scale up

PM-HSS for cutting tool

Customized PM parts

3D-Print Powder

Private Brand PM-HSS

A-series & M-series

T-Series

3D print powder Ti alloy powder

Large scale PM parts

Powder capacity

• Target : Global special PM HSS market

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2017/4/13 15

光洋機密資料禁止複製、轉載、外流 │S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E

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GMTC

ingotRod, Bar & Wire

Aero-space Oil & gas Chemical

processing SemiconductorCar & bike

Tubing Cleaning parts

Target Welding rod

Shaft seal

Bike fastenersfasteners

Casting

2.2 Collaboration on titanium production

2017/4/13 16

SOLARConversion Supply chain approved

Refining Re-melting

Win WinAlliance

榮剛、光洋機密資料禁止複製、轉載、外流 │G M C T & S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E2017/4/13

E-beam Re-melting (Solar)700kW 2 guns furnace Vacuum Arc Re-melting (GMTC)

1. GMTC scrap collection2. E-beam refining3. Producing Ti ingot with ф220mm in

diameter and 800mm in length (around 150 Kg)

1. Welding 3 EB ingots2. 2 steps to get VAR ingots with Φ380 mm

and Φ520 mm in diameter3. Machining and converting

High end application

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Classification & cleaning

Classification & cleaning EB-melting VAR Rod

forming

Scrap collectionScrap collection

Resources and technologies integration


Ti Scraps

Material IQC

Sorting

Preparing

EB melting

cutting

VAR re-melting 1

VAR re-melting 2

Forging

machining

Products OQC

E-Beam meltingVAR

CP Ti/Ti64 series

Integration of titanium circular economy in Taiwan

2017/4/13 18

1

2

3

4

5

67

8

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10

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2017 2018 2019 2020 2021

RefiningTitanium alloy EB

re-melting

conversion1. Composition

control��

�Aerospace fasteners

�Ingot�Rod & bar

�Scrap recycle�Target

�Welding rod & wiring

��Technologies ��Products

Roadmap oftechnology and products

2017/4/13 19

Precision wiring Titanium alloy wire

rod

Aerospace certification

Screws process

Focus on rod market in Europe and targets market in Taiwan��Focus on rod market in Europe and targets market in Taiwan��


2.3 High-value Wire - Industry Trends

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Asia Pacific nickel alloy welding consumables market rise to about 1.2 billion USD by 2016 and exhibit a healthy 6.6% CAGR. Taiwan dependent on imports.

nickel alloystainless steel wire

Titanium alloyStainless steel wireBearing steel wire

Stainless steel wire

Bearing steel wire

Nickel alloyStainless steel wire

Titanium alloy

Nickel alloyStainless steel wire

Titanium alloy

Nickel alloyCopper alloy

Titanium alloy

Stainless steel wireBearing steel wire

The major application of high value wire is nickel alloy and stainless steel wire

* welding rod * bearing * stranded steel wire* fastener * Conveyor belt * Safety spring * tire cord

* conducting wire* bearing* fastener* suspension / spring* windshield wiper* antenna* exhaust pipe filter

* filter net* skimmer* steel wire ball

* bearing* fastener

*fastener* welding rod* line

* arch wire* intravascular stent* bone nails * root canal needle* intramedullary pinning

* conducting wire * bonding wire *spring* antenna * fastener

* steel cable* ball-bearing* fastener* electrode cut wire

1.Medical wire is the trend of high value wire and it is high-tech threshold.

2. The domestic markets require about 5 billion NTD / year

2017/4/13

Biomedical

Aerospace

Energy

High value wire

applications

MachineTool Robot

Automotive

Kitchen& Bath

HandheldDevice

榮剛、光洋機密資料禁止複製、轉載、外流 │G M C T & S O L A R T E C H C O N F I D E N T I A L D O C U M E N T . D O N O T C O P Y O R D I S T R I B U T E 21

extra fine wire��< 50 µm

extra fine wire of medicalextra fine wire of 3D print Nickel-based welding rod ��8~10mm

High value wire - technology and products

Integration of resources�refining technology & thermo mechanical treatment of Gloria and continuous casting technology of Solar

Small size bar ��4~10mm

Finish rolling Fine drawingVacuum induction melting

Vacuum continuous casting

2017/4/13

Leader of vacuum refining

technology

Leader of precious metals

continuous casting

technology

Leader of thermo-

mechanicaltreatment


Value-added Platform

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Standardize

Modularization

Tabulation

Electronic

Industrial 4.0 for configuration to order quickly

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Big data analysis

…X1

X2

Xn

H1

H2

Hn

… Y2

YnW2n

W11

W1n

W21

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Hide opportunities

Hard PowerHard Power

Soft PowerSoft

Power

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Smart powerFast:

•Put forward the solution•Proceed with diagnosis•Solve the question

Reinvestm

ent planning of hardware resources

Redevelopm

ent planning of software technology

Super Alliance

2017/4/13

Value-added Platform

Simulation

Gloria & Solar


•Key technology of precision continuous casting•The leader of precious metals continuous casting technology in Taiwan•Continuous casting products in semiconductor, LED, machinery and jewelry industry

Advantages of Solar - Continuous Casting

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Precious metal seamless tube

Pipe, wire, plate100% homemade

Domestic vacuum continuous casting

Brittle material development

Nickel - based superalloy

continuous casting

Seamless pipe, sheet metal, extra fine wire of the key technology for continuous casting and production capacity

1996 2010 2012 20131993 2017

2017/4/13

Horizontal continuous casting machine

Capacity: 12T / year

Vertical continuous casting machine

Capacity: 10T / year

Vacuum vertical continuous casting

machine Capacity: 4T / year

Brittle material continuous casting

machine Capacity: 0.25T / year

Vacuum vertical continuous casting


Vacuum horizontal continuous casting



High Value Wire - Five Years Development roadmap

Focus on nickel-based welding rod in Asia-pacific and medical wire in Taiwan.24

2017 2018 2019 2020 2021

Product development RoadmapTechnical ability

Hard alloy continuous casting

Hard alloy drawing

Medical wire surface treatment

Medical wire certification

3D print wire certification

extra fine wire of 3D print

small size bar

nickel-based welding rod

screws, fasteners

medical wire

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intramedullarypinningartificial tooth root

2017/4/13


3. Project objectives : Synergy, Platform, Advantage

2017/4/13 25

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TOOL

AUTO

BIOAERO

3D printing

SEMI

Energy

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Confidential & Proprietary

Thank You for your attentions !

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267|-s - e)aerospace fasteners ingot rod & bar scrap recycle target welding rod & wiring...

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