Chi Mei Corporation

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This article is about the plastics company. For the rebellion movement, see Chimei.

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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

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External links

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