Product Strategy and R&D Innovation
In terms of product and R&D strategy, Everlight produces high-quality and environmentally friendly chemicals. Starting from the selection of raw materials, we implement various process management and establish compliant Safety Data Sheets (SDS) and labeling in accordance with the Globally Harmonized System of Classification and Labelling of Chemicals (GHS) requirements. Additionally, we adhere to the 12 principles of green chemistry, to maximize the resources utility of each raw material through raw material reduction and process optimization (whether it’s waterless dyeing technology or reducing solvent usage and saving water). We design products with the goal of creating user phase efficiency (UPE) and integrate this into our R&D strategy to minimize negative environmental impacts.
Implementation Results in 2023
Material Topic #5
Product Strategy and R&D Innovation
Positive
Possessing the design and innovation capabilities to develop high-quality chemicals and service, a rigorous health and safety management mechanism for products and services, gaining customer trust and demonstrates environmental friendliness.
Negative
During product research and development, may lead to overwork for R&D and department personnel, resulting in increased product prices and economic burden on customers. Additionally, challenges in finding suitable R&D talent may hinder the development of competitive products.
- Providing high-quality chemicals and services is an important principle for Everlight. We uphold a spirit of progress and innovation, tailoring innovative products and technologies to meet the diverse needs of various industries. By doing so, we create more user phase efficiency and enhance the Company’s economic performance.
- Everlight places great importance on the health and safety issues arising throughout the lifecycle of its products or services. We adhere to relevant health and safety regulations and voluntary agreements concerning our products and services.
The Group Research and Development Center, as well as the research and technical units of various business divisions
- “Industry Upgrading and Innovation Platform Guidance Program” (e.g., Development project for ultra-fine diamond powder for silicon carbide wafer grinding and polishing)
- Connecting upstream material suppliers and downstream application end-users, fostering collaboration among industry, academia, and research institutes.
- Implementing product development operations based on the “Seven Sustainable Product Indicators” to create value.
Investing in research and development funds and manpower, collaborating with external research institutions.
Indicators
- Sales revenue of sustainable products (%)
- Contribution of new products (%)
2024 Target
- Sales revenue of sustainable products (%) ≥ 73%
- Contribution of new products (%) ≥ 10%
Product design and review are conducted through the product development process
“Sales revenue of sustainable products” and “contribution of new products” are included as key performance indicators under major material topic management. They are reported to the management team regularly on an annual basis.
