- Chi Mei Corporation
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Chimei Corporation Type Corporation Industry Chemistry, Medical, Biotechnology Founded January 11, 1960 Founder(s) Xu Wenlong Headquarters Rende District, Tainan, Taiwan Key people Xu Wenlong (Founder)
Liao Jinxiang (Chairman)
Zhao Lingyu (General Manager)Products Plastic, Photoelectronic, Food Website chimeicorp.com References: NT$17,924,000,000 Chi Mei Corporation (traditional Chinese: 奇美實業; simplified Chinese: 奇美实业; pinyin: Qíměi Shíyè) is a plastics producer in Taiwan. It is the largest maker of ABS resin in the world, producing about 1 million tons of ABS annually as of 1999.[1] It has factories in Tainan and Zhenjiang.[citation needed] It also produces acrylic glass, polystyrene, thermoplastic elastomer and synthetic rubber.[2]
Contents
Overview
Chi Mei Corporation is part of a privately-held holding company called the Chi Mei Group, which has numerous subsidiaries. One of them is Chi Mei Optoelectronics (CMO), which was founded in 1997 as a subsidiary of Chi Mei Corporation. Chi Mei Group was the largest shareholder in publicly listed CMO. The new Chimei Innolux Corporation (Chinese: 奇美電子,CMI) is the world’s No. 2 and Taiwan’s No. 1 largest maker of TFT-LCD panels[3] and the likely owner of Westinghouse Digital Electronics. Though CEO Douglas Woo has maintained the confidentiality of the ownership of the private Westinghouse licensee, they admit a significant vertically-integrated relationship exists between the two.[4]
Chi Mei has a partnership with Mitsubishi Chemical Corporation of Japan (Mitsubishi holds 27.08% of shares).[5]
History
The company was founded by Xu Wenlong in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed Chi Mei Corporation in 1992.[6]
In 2001, the Chi Mei Group along with IBM Japan set up International Display Technology, which it subsequently sold to Sony in 2005.[7][8] In 2010, Chi Mei Optoelectronics, then a subsidiary of Chi Mei Corporation, pleaded guilty to a price fixing conspiracy with respect to sales of TFT-LCDs between 2001 and 2006.[9]
See also
- Chimei Innolux Corporation
- Chi Mei Museum
- Nexgen Mediatech Incorporation
References
- ^ Motohiko Kitahara. Innovative Strategies Help Xu Wenlong Foster Global Giant. 1999.
- ^ Chi Mei Corporation: Products
- ^ Plastics News - More News
- ^ Consumer Electronics: The Clone Wars, Electronics Manufacturing Asia
- ^ Mitsubishi Chemical Corporation 2005 Annual Report
- ^ Chi Mei Corporation. Chi Mei profile
- ^ Wang, Lisa (2005-01-08). "Chi Mei to sell Japanese unit to Sony". Taipei Times. http://www.taipeitimes.com/News/biz/archives/2005/01/08/2003218552. Retrieved 2009-03-20.
- ^ "Sony to Acquire IDTech's Yasu LCD Manufacturing Facility" (Press release). Sony. 2005-01-07. http://www.sony.net/SonyInfo/News/Press/200501/05-0107E/index.html. Retrieved 2009-03-20.
- ^ http://www.justice.gov/atr/public/press_releases/2009/252936.htm
External links
Categories:- Companies established in 1960
- Companies of Taiwan
- Electronics companies of Taiwan
- Manufacturing company stubs
- Taiwanese company stubs
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