Page 38 - CPC 2018 Annual Report
P. 38
36 CPC Corporation, Taiwan 2018
CPC'S AFFILIATES
AND SUBSIDIARIES
SEIZING NICHE OPPORTUNITIES – DRAWING A BLUEPRINT FOR THE FUTURE
CPC’s strategy for joint-venture projects can be summarized as actively expanding into the upstream and downstream petrochemical sectors – particularly the high-value petrochemical industry – while exploring opportunities in renewable energy sources and overseas joint venture projects on the basis of its core competencies. In this the company seeks to combine external patented technologies with its own skills and feedstock sources to develop high value-added products that will achieve optimal returns on investment. As of end-2017, CPC had invested a total of NT$21.5 billion in its 18 affiliates and subsidiaries, which in turn created consolidated investment income of NT$1.478 billion that year.
CPC’s 18 affiliates and subsidiaries can be divided into four main categories—petroleum products, petrochemicals, natural gas and transportation. Of the 18, 11 are based in Taiwan and 7 are foreign. The principal enterprises are introduced below:
