Chimei Corporation's second-generation leadership: Hsu Chia-chang continues to push for green transformation

Chimei Corporation announced on the 5th that Hsu Chia-chang, the only son of founder Hsu Wen-lung, has taken over as Chairman. In his first media interview today, Hsu stated that the petrochemical industry is facing a transformation, and in addition to high-value and high-quality products, the company will continue to promote green transformation to convert it into long-term competitiveness. Chimei Corporation arranged for Hsu to accept a joint media interview at its Rende headquarters in Tainan this afternoon. In addition to explaining the decision-making process for the succession, he mentioned the pressure the petrochemical industry faces from China's capacity expansion and intensified price competition, as well as the challenges and development directions Chimei Corporation will face next. Hsu stated that Chimei Corporation actually began paving the way 10 or 20 years ago, starting internal changes to shift from a 'Chimei of quantity' to a 'Chimei of quality.' The 'quality' aspect can be further subdivided into product quality and value, and there have already been preliminary results, such as cooperating with Japan's Sony Corporation to provide renewable polycarbonate (PC) materials for high-performance products. He said that in response to global net-zero transformation and ESG (Environmental, Social, and Governance) concepts, the use of environmentally friendly recycled materials is a future trend. Promoting low-carbon and green material transformation will make other companies that value ESG see Chimei as a preferred partner, which can be converted into long-term competitiveness and maintain its position in the industry's leading group. Hsu stated that Chimei Corporation has undergone a major transformation in product quality in recent years and has the ability to provide customized support for customers. Currently, the customer base includes many of the most quality-demanding companies in the world. The next step is how to optimize existing production capacity and develop appropriate products for fields such as medical devices, semiconductors, high-spec automotive, and heat-resistant, transparent ABS (acrylonitrile-butadiene-styrene copolymer). He said that working towards net-zero and carbon reduction can gain recognition from like-minded manufacturers. As long as the company is considered a good company in this regard, there will be opportunities to find strategic partners. Chimei has always played the role of a responsible corporate citizen and hopes to do better, so that everyone will still view the Chimei Group with the same eyes in 10, or even 50 years.