Chi Mei Corporation

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This article is about the plastics company. For the rebellion movement, see Chimei.
Chimei Corporation
奇美實業
Type Corporation
Industry Chemistry, Medical, Biotechnology
Founded January 11, 1960 (1960-01-11)
Founders 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.[citation needed] It also produces acrylic glass, polystyrene, thermoplastic elastomer and synthetic rubber.[2]

Overview[edit]

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[edit]

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[edit]

References[edit]

  1. ^ Motohiko Kitahara. Innovative Strategies Help Wen-long Shi Foster Global Giant. 1999.
  2. ^ Chi Mei Corporation: Products
  3. ^ Plastics News - More News
  4. ^ Consumer Electronics: The Clone Wars, Electronics Manufacturing Asia
  5. ^ Mitsubishi Chemical Corporation 2005 Annual Report
  6. ^ Chi Mei Corporation. Chi Mei profile
  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

External links[edit]