Page 28 - 2023 CPC Corporation,Taiwan

26 Downstream Operations

Liquefied petroleum gas ─ Supporting government policy in absorbing the impact of surging prices
CPC’s long-standing monopoly in the LPG market was ended when the government opened it up to competition in 1999. Formosa Petrochemical Corp. began competing with CPC as a producer and importer. In response to market competition, CPC has maintained its leading market share in the household gas market by using its quality advantages, north-south transport links, storage systems, comprehensive marketing, retail network, a full grasp of international market price fluctuations, and reductions in procurement costs. In selling industrial gas, the company aims to raise the quality of its customer service and promote its products’ value to both retain existing customers and win new ones.
As a state-owned enterprise, CPC Taiwan undertook its mission to stabilize prices. In 2022, CPC kept LPG prices unchanged to mitigate the impact of surging prices on industries and households in Taiwan. CPC also complied with the government’s safety reserve policy to increase storage tank turnover rate and revenue. Meanwhile, the company endeavors to reinforce occupational safety and environmental protection protocols, fulfilling its mission to stabilize domestic LPG supply and deliver operational performance.
CPC LUBRICANTS ─ The BEST strategy that focuses on transition and development
CPC’s Lubricants Business Division (LBD) was founded on March 16, 1999. CPC is now the leader in Taiwan’s lubricants market with two brands: CPCLUBE (“a brand with mission”) and Mirage (“professional automotive lubricants”), and it sells its products to both domestic and overseas consumers.
CPC currently has more than 30 distributors, more than 600 CPC-owned gas stations, and distribution partnerships with major wholesalers in Taiwan. It offers the most comprehensive, convenient, and diversified distribution and services. Meanwhile, CPC is also actively exploring the Asia-Pacific Myanmar, India, Thailand, Australia, Congo, and Suriname. To break through the ASEAN tariff barrier to non-members, CPC has worked with a domestic warehousing company to set up Maxihub Corporation operating a petrochemical storage terminal and lubricant blending plant. The joint venture enjoys preferential tariffs for ASEAN members and the advantage of local production.
Facing the global trend of going green, CPC Lubricants Business Division adopted a “BEST” strategy focusing on Bio, ECO, Synthetics, and Total solutions in its transition. The division developed completely synthetic base oils, and improves the functionality and durability of lubricant products with innovative technologies. CPC also manufactures packaging and bottles using recycled plastic to reduce