CPC's main strategies for overseas markets include long-term cultivation of distribution channels, direct exports and
        
        
          multilateral trade operations and promotion of its lubricating and base oil brands. Marketing channels for the “Kuo-
        
        
          Kuang” brand have been established by taking advantage of the network of Taiwanese enterprises in the Asia-Pacific
        
        
          region, and the products have thus far entered the markets of China, Vietnam, Indonesia, the Philippines and other
        
        
          South-east Asian countries. At the same time, we are working at establishing a foothold for CPC lubricants in the South-
        
        
          east Asian vehicle service and repair market and also at capturing the market comprising Taiwanese and other foreign
        
        
          firms – all with the objective of  eventually gaining a beachhead in the wider Asia-Pacific lubricants market.
        
        
          
            Solvents
          
        
        
          -
        
        
          
            developing biotech products and expanding export channels
          
        
        
          In the field of solvents and chemicals, CPC holds 70%-80% of the market for domestically-
        
        
          produced solvents, 20%-30% of the market for toluene, 35%-45% of the market for
        
        
          xylene, 50%-60% of the market for methanol, roughly 70% of market for asphalt and
        
        
          around 56% of the market for sulfur.  We have actively promoted quality products and
        
        
          services and cultivated sales channels to reach our operating goals; and at the same time
        
        
          are enhancing product quality and image, continuing process improvement and cost
        
        
          reduction and working on the development of new products and new business models.
        
        
          Further, we are expanding exports and developing new markets in Vietnam, China and
        
        
          other key economies. Products developed by CPCBio are seen as having great potential
        
        
          and are being actively marketed.
        
        
          
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          21
        
        
          
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          Downstream Operations