Page 28 - 2025 CPC Corporation,Taiwan

26 Other Products Liquefied Petroleum Gas – leveraging quality to fulfill supply commitments CPC’s long-standing monopoly in the LPG market was broken when the government opened it up to competition in 1999. Formosa Petrochemical Corp. as both a producer and importer began competing with CPC. In response to market competition, CPC has maintained its leading market share in the household gas market by making full use of its quality advantages, north-south transport, storage systems, comprehensive marketing, retail network, full grasp of international market price fluctuations and reduction of procurement costs. In selling industrial gas, the company aims to raise the quality of its customer service and promote the value of its products to both retain existing customers and win new ones. CPC, as a state-owned enterprise, has supported the government’s price stabilization policy and coastal cleanup initiative by implementing a freeze on LPG prices since 2021. This ongoing measure aims to lessen the economic impact on both domestic industries and the general public. In addition to price stabilization efforts, CPC also regularly conducts coastal garbage cleanup operations to support sustainable marine development since 2020. It has worked in line with the government’s LPG safety reserve policy by increasing storage tank turnover and revenue. At the same time, CPC continues to strengthen occupational safety and environmental protection protocols to ensure stable domestic LPG supply and deliver operational performance. CPC Lubricants – driving transformation and growth with the BEST strategy Lubricants Business Division was founded on March 16, 1999. CPC is now the leader in Taiwan’s lubricants market with two brands: CPCLUBE (“a mission-driven brand”) and Mirage (“a specialist in automotive lubricants”), and it sells its products to both domestic and overseas consumers. CPC offers the most comprehensive, convenient and diverse sales and service network in Taiwan, supported by over 30 distributors, more than 600 CPC-owned gas stations, and partnerships with major retail chains. To strengthen its market presence in Southeast Asia, CPC formed a joint venture with three domestic companies in the warehousing and petrochemical sectors to establish Maxihub Co., Ltd. in Dong Nai Province, Vietnam. The facility officially began operations in 2022, functioning as both a petrochemical storage terminal and a lubricant blending plant. As electric vehicles become more popular, the automotive lubricant market is shrinking. In response, marine engine oil has become a key strategic focus for the Lubricants Business Division. To date, CPC has obtained over 45 major international certifications for its lubricant products. In 2024, CPC’s Lubricants Business Division received the National Brand Yushan Award and the Platinum Award from Reader’s Digest’s Trusted Brand Awards, the highest recognition in the lubricants category. These accolades underscore the strong recognition and trust that CPC lubricant products enjoy both locally and internationally.