Page 29 - 2021 CPC Corporation,Taiwan

Corporation in Vietnam’s Tong-Nai province with joint- venture. This company will operate facilities for receiving and warehousing of petrochemicals and lubricant blending. Production is projected to begin in the end of 2021. In the future, CPC will use the Maxihub Co. as its second production base and move toward the operational model of diversified international trade of oil- derived products as a means of expanding its presence in overseas markets.
With the gradual rise of electric vehicles and shrinking of automotive lubricants market, marine engine oil becomes an important direction of future development for LBD. In the past few years, the certification team has overcome difficulties and completed complex testing processes to obtain multiple important international certifications, including MAN ES, WinGD, YANMAR, Daihatsu, Mitsubishi, KEMEL and Wartsila stern shaft seal compatibility, with unwavering efforts and great teamwork. Aforesaid breakthroughs have been the model and innovation indicators for CPC. The aforementioned achievement is a key milestone of innovation in the history of CPC.
In addition, LBD has also been committed to the establishment of a brand image in recent years. In both 2019 and 2020, CPC’s lubricant products were not only awarded the National Brand YuShan Award for Best Product, but also won the “Reputable Brand” gold award of lubricant category by Reader’s Digest. It shows that LBD’s trustworthy brand image is now affirmed by the general public after the Company’s hard work on quality control over the years.
LBD will continue to leverage its core competencies in production, channel distribution, logistics and warehousing, quality control and testing as well as technical support and endeavor to develop high-quality products, provide sophisticated, services and comprehensive technical support to better meet market and customer needs. Looking to the future, the LBD’s vision encompasses maintaining its lead over the competition in the domestic market and make the lubricant brands-CPCLUBE and Mirage, become well- known worldwide.
SOLVENTS & CHEMICALS – dominant home market position is the basis for Asia-Pacific export ambition
CPC holds a dominant market share position in Taiwan’s solvents and chemicals sector: around 74% in solvents, 43% in toluene, 46% in xylene, 49% in asphalt and 50% in sulfur.
CPC’s Solvents & Chemicals Business Division aims to achieve its expansion-oriented operational objectives in a number of ways. This initially involves taking a vigorous and rigorous approach to providing efficient customer service, as well as expanding exports to promising markets such as Mainland China, Vietnam, and other promising ASEAN/Asia Pacific markets - which is very much in line with the central government New Southbound Policy. There is also much effort going into a number of initiatives, such as enhancing product quality and image, continuous improvement of the refining process and lowering production costs. Most important of all, at Solvents & Chemicals they are developing new and innovative products and new areas of business.
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Downstream Operations