Chi Mei Corporation

This article is about the plastics company. For the rebellion movement, see Chimei.
Chimei Corporation
奇美實業
Corporation
Industry Chemistry, Medical, Biotechnology
Founded January 11, 1960 (1960-01-11)
Founder Wen-long Shi
Headquarters Rende District, Tainan, Taiwan
Key people
Wen-long Shi (Founder)
Liao Jinxiang (Chairman)
Zhao Lingyu (General Manager)
Products Plastic, Photoelectronic, Food
Website www.chimeicorp.com
Footnotes / 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 in 1999.[1] It has factories in Tainan and Zhenjiang. It also produces acrylic glass, polystyrene, thermoplastic elastomer and synthetic rubber.[2]

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 Wen-long Shi 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

Wikimedia Commons has media related to Chi Mei Corporation.

References

  1. Motohiko Kitahara. Innovative Strategies Help Wen-long Shi Foster Global Giant Archived February 6, 2006, at the Wayback Machine.. 1999.
  2. Chi Mei Corporation: Products Archived October 19, 2007, at the Wayback Machine.
  3. Plastics News - More News
  4. Consumer Electronics: The Clone Wars Archived October 18, 2007, at the Wayback Machine., Electronics Manufacturing Asia
  5. Mitsubishi Chemical Corporation 2005 Annual Report
  6. Chi Mei Corporation. Chi Mei profile Archived March 12, 2008, at the Wayback Machine.
  7. Wang, Lisa (2005-01-08). "Chi Mei to sell Japanese unit to Sony". Taipei Times. Retrieved 2009-03-20.
  8. "Sony to Acquire IDTech's Yasu LCD Manufacturing Facility" (Press release). Sony. 2005-01-07. Retrieved 2009-03-20.
  9. http://www.justice.gov/atr/public/press_releases/2009/252936.htm
This article is issued from Wikipedia - version of the 11/21/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.