Chi Mei Corporation
| Company type | Corporation |
|---|---|
| Industry | Chemistry, Medical, Biotechnology |
| Founded | January 11, 1960 |
| Founder | Wen-long Shi |
| Headquarters | , |
Key people | Wen-long Shi (Founder) Liao Jinxiang (Chairman) Zhao Lingyu (General Manager) |
| Products | Plastic, Photoelectronic, Food |
| Website | www |
| 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
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
References
- ^ Motohiko Kitahara. Innovative Strategies Help Wen-long Shi Foster Global Giant Archived 2006-02-06 at the Wayback Machine. 1999.
- ^ Chi Mei Corporation: Products Archived 2007-10-19 at the Wayback Machine
- ^ Plastics News - More News
- ^ Consumer Electronics: The Clone Wars Archived 2007-10-18 at the Wayback Machine, Electronics Manufacturing Asia
- ^ Mitsubishi Chemical Corporation 2005 Annual Report
- ^ Chi Mei Corporation. Chi Mei profile Archived 2008-03-12 at the Wayback Machine
- ^ Wang, Lisa (2005-01-08). "Chi Mei to sell Japanese unit to Sony". Taipei Times. Retrieved 2009-03-20.
- ^ "Sony to Acquire IDTech's Yasu LCD Manufacturing Facility" (Press release). Sony. 2005-01-07. Retrieved 2009-03-20.
- ^ http://www.justice.gov/atr/public/press_releases/2009/252936.htm