CSBC Corporation, Taiwan
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Taiwan Shipbuilding Corporation (TSBC) (Chinese: 台灣國際造船; pinyin: Táiwān Guójì Zàochuán, literally "Taiwan International Shipbuilding"), formerly known as China Shipbuilding Corporation (CSBC, Chinese: 中國造船; pinyin: Zhōngguó Zàochuán) is a private company that produces ships for civilian and military use. It was a state-owned enterprise of Taiwan (Republic of China) but transitioned to private ownership via an IPO in 2008. It is headquartered in Kaohsiung and shipyards in Kaohsiung and Keelung.
Today's Taiwan Shipbuilding Corporation (TSBC), is a result of the merger of Taiwan Shipbuilding Corporation and China Shipbuilding Corporation. Taiwan Shipbuilding was founded in 1937 when Mitsubishi Heavy Industries Corporation founded the Taiwan Dockyard Corporation. Following Japan's defeat in World War II, the Republic of China authorities established Taiwan Machinery and Shipbuilding Company by merging the existing Taiwan Dockyard Corporation with Taiwan Steel Works and Tōkō Kōgyō Corporation. Two years later, in 1948, the company split into two state-owned companies called Taiwan Machinery Corporation and Taiwan Shipbuilding Corporation (TSBC).
China Shipbuilding Corporation (CSBC) was founded in 1973 and was reverted to a government-owned company in 1977. CSBC and TSBC merged in 1978 to form the China Shipbuilding Corporation, as it was known until 2007.
On 9 February 2007, the board approved the name change to Taiwan Shipbuilding Corporation (TSBC) with immediate effect, with a ceremony to take place on February 12 to commemorate the name change. Critics argued that the name change was another case of President Chen's desinicization act to avoid confusion with communist China, while proponents argued that the name change would help to avoid potential confusion for the international community and would make the firms more competitive, as they would be more easily identifiable with Taiwan.
According to its website, it has built container ships, one-of-a-kind commercial ships and semi-submersible heavy-lift transport ships, including the MV Blue Marlin. Furthermore, it has built ships, submarines and advanced naval weapons for the Republic of China (Taiwan) Navy for some time.
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