Oriental Union Chemical Corporation holds its 2025 shareholders' meeting
Oriental Union Chemical Corporation held its shareholders' meeting on May 19th. Despite facing multiple challenges such as geopolitical, energy fluctuations, and China's capacity expansion, the petrochemical industry is facing severe tests in 2024. The company still relies on a stable transformation strategy to actively expand its specialty chemicals and gas related products. Its operating performance is stable, with consolidated revenue of NTD 23.8 billion for the whole year, an annual increase of 14%, net profit after tax of NTD 20 million, and earnings per share (EPS) of NTD 0.02, demonstrating the company's resilience and market competitiveness.
Innovation leads for 50 years, working together with customers to create value
Oriental Union Chemical Corporation started with its ethylene glycol business and has undergone years of transformation and deep cultivation. It now focuses on specialized products, low-carbon processes, and Wuhan Far Eastern New Materials, accumulating multiple leading technologies. Oriental Union Chemical Corporation upholds the spirit of excellent quality and innovation, committed to providing high-quality, customized products to meet the diverse needs of the market, and establishing long-term and close partnerships with downstream customers, becoming a trusted benchmark enterprise in the industry.
Looking to the future: Innovation driven, Sustainability Development
To cope with global economic uncertainty, Oriental Union Chemical Corporation will continue to optimize its product portfolio, expand the market share of high value-added products, and promote the digitization of operational management and the introduction of AI technology to enhance overall operational efficiency. At the same time, driven by research and development innovation, it will accurately grasp technological trends and lay out high potential markets such as electronic chemicals and special application materials.
In addition, Oriental Union Chemical Corporation actively invests in the development of carbon capture and reuse, low-carbon processes, plastic recycling, and biodegradable materials, and implements recycled economy and low-carbon production in the processes. In the future, it will continue to uphold honest management, lean development, meet industry needs, enhance corporate competitiveness, create shared value for shareholders, customers, and employees, and achieve carbon neutrality by 2050 as a long-term goal, moving towards a sustainable future.
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