Chi Mei Corporation
Chi Mei Corporation is a plastics producer in Taiwan. It is the largest maker of ABS resin in the world, producing about 1 million tons of ABS annually in 1999. It has factories in Tainan and Zhenjiang. It also produces acrylic glass, polystyrene, thermoplastic elastomer and synthetic rubber.
Chi Mei Corporation is part of a privately held holding company called the Chi Mei Group, which has numerous subsidiaries. One of them is Chi Mei Optoelectronics, which was founded in 1997 as a subsidiary of Chi Mei Corporation. Chi Mei Group was the largest shareholder in publicly listed CMO. The new Chimei Innolux Corporation is the world's No. 2 and Taiwan's No. 1 largest maker of TFT-LCD panels and the likely owner of Westinghouse Digital Electronics. Though CEO Douglas Woo has maintained the confidentiality of the ownership of the private Westinghouse licensee, they admit a significant vertically integrated relationship exists between the two.
Chi Mei has a partnership with Mitsubishi Chemical Corporation of Japan.History
The company was founded by Shi Wen-long in 1960 as Chi Mei Industrial Company Ltd., the first acrylic sheet manufacturer in Taiwan; it was renamed Chi Mei Corporation in 1992.
In 2001, the Chi Mei Group along with IBM Japan set up International Display Technology, which it subsequently sold to Sony in 2005. In 2010, Chi Mei Optoelectronics, then a subsidiary of Chi Mei Corporation, pleaded guilty to a price fixing conspiracy with respect to sales of TFT-LCDs between 2001 and 2006.
