14 Apr 2023
NOVAX® AdBlue® breaks record by single month sales the biggest gain in 17 years for Taiwan market
Although the global economy is slump, the expansion of global economy and trade has weakened, and the momentum of external demand is weak, domestic demand and consumption have continued to increase. In addition, after the unblocking of the epidemic in the construction, transportation, and tourism industries, market supply and demand have reversed sharply. The scale and speed of Taiwan's electronic technology factory construction continues, strengthening Taiwan's technology settlements and industrial strength, and also boosting regional construction and utilization. The working days in March is longer than other months, causing Taiwan's market to be cold outside and hot inside. After the epidemic, many industries such as tourist buses, dump trucks, combined vehicles, and heavy machinery have been greatly active, the sales of NOVAX® AdBlue® in Taiwan rose to 2,078 kiloliters, a new monthly high in the past year, an increase of 23% over the previous month, an increase of 18% over the same period last year, and a growth rate of 100 times compared with the initial establishment in March 2008.
Furthermore, in the first quarter of 2023, the deployment of NOVAX's automotive urea solution refilling equipment (i-DEPOT) in Taiwan has rapidly grown to nearly 400 stations. It has defeated the competitors in the same industry with its convenience and high-density service network, and continues to promote a number of new businesses called blue sky & green land which creates a sustainable new situation in the near future.