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Other Products
Understanding the market for LPG and optimizing distribution
CPC's monopoly in the LPG market was broken when the government opened it up to competition in 1999. Formosa
Petrochemical Corp. entered as a producer and independent traders began importing supplies.
As both a state-owned enterprise and one of the market's main suppliers, CPC is charged with maximizing its operating
performance while at the same time ensuring sufficiency of supply to the domestic market.
With household gas, CPC's LPG Business Division is able to consolidate its market share by making full use of its quality advantage
and also fully utilizing its north-south transport and storage systems and its comprehensive marketing network. In the area of
industrial gas, the Company works at strengthening its customer service so as to retain existing customers and develop new ones.
In response to increasing market competition in Taiwan the LPG Business Division is planning to develop and expand international
trading and create more overseas sales channels. It stays abreast of price movements in the international LPG market so that it can
choose the best timing for import/export and both lower the costs of procurement and expand export volume, thereby maximizing
profit, c complying with the government's safety reserve policy and quickening the rate of turnover in storage tanks.
In its engagement with the LPG market, CPC endeavors to strengthen both occupational safety and environmental protection
while also being a good corporate citizen and fulfilling its CSR commitment.
Solvents & Chemicals
Eco-biotechnology R&D; Sales Innovation & Integration
CPC holds a dominant market share position in Taiwan: 75%-85% in solvents, 25%-35% in toluene, 35%-45% in xylene,
55%-65% in methanol, roughly 60%-65% in asphalt, and around 47% in sulfur.
CPC's Solvents & Chemicals Business Division aims to achieve its operating objectives by taking a vigorous approach
to efficient customer service, systematically expanding exports to promising markets such as Vietnam and China,
enhancing product quality and image, process improvement, cost-cutting and providing innovative products and
services. In addition, the Division is making extensive efforts to market CPC's biotech products; its biotech R&D team is
building on past successes with microbial fermentation technology by adopting modern biotechnology processes and
an innovative integrated methodology, branching out into such areas as biotech raw materials and functional products
for health and green biotech to develop reasonably-priced, high-quality products.
24 CPC 2016