Water Purification Firm Kemflo's Stock Drops Over 8% on IPO Debut

(Taipei, 18th, CNA Reporter Pan Chih-yi) Kemflo, Taiwan's leading exporter of water purification equipment, was listed today at an underwriting price of NT$70 per share. In early trading, the stock fell to a low of NT$64, a decrease of 8.57%. Kemflo stated that commercial water purification has been its most important growth engine in recent years. In the past, it entered the supply chain of a major international coffee chain in the Chinese market, accumulating experience in standardizing water quality for stores and ensuring stable equipment supply. This year, it began penetrating well-known domestic breakfast chains and recently expanded to convenience store chains, indicating that its commercial water purification solutions are entering a phase of multi-channel replication and scaled shipments. Kemflo pointed out that Taiwan's convenience store market has characteristics of high scalability and standardization, making it one of the most promising application scenarios for commercial water purification. According to data from the Department of Statistics, Ministry of Economic Affairs, the number of convenience stores in Taiwan reached 14,236 by August 2025, with store opening momentum continuing in recent years. After Kemflo enters the convenience store supply chain, in addition to the initial equipment installation contributing to revenue, the subsequent demand for filter replacements, maintenance services, and equipment upgrades will gradually accumulate as the number of stores and installed base grows, forming a stable and cumulative long-term source of income. Kemflo explained that Taiwan's commercial water purification market is in the early stages of an explosion. The total beverage shop market in Taiwan has already surpassed NT$100 billion, becoming the second NT$100 billion-level sub-industry after the restaurant industry. The demand for commercial end-use water has become one of the most important growth engines for the overall market, driven by the accelerated expansion of chain brands. Kemflo stated that in addition to metal products, its water resource-related business spans household and commercial water purification equipment, filter consumables, industrial water treatment, and activated carbon regeneration services.