Taiwan Sugar Corporation

Taiwan Sugar Corporation
台灣糖業股份有限公司
Formerly	臺灣糖業有限公司
Company type	Joint-stock company,; Government-owned corporation of Ministry of Economic Affairs (Taiwan); formerly: Limited liability company
Traded as	(1237.TW)
Industry	Agriculture
Founded	1946; Shanghai City
Headquarters	No. 68 Shengchan Rd., East, Tainan, Taiwan
Area served	Taiwan
Key people	Chairman: Ming-Jou Yang; President: Li-Jen Chen
Net income	56,367,498,650 NTD
Divisions	Marketing Business Division; Hypermarket Business Division; Animal Industry Business Division; Petroleum Business Division　; Sugar Business Division　; Biotechnology Business Division ; Agriculture Business Division; Leisure Business Division
Website	/www.taisugar.com.tw

Taiwan Sugar Corporation (TSC; Chinese: 台灣糖業股份有限公司; Pe̍h-ōe-jī: Tâi-oân Thn̂g-gia̍p Kó͘-hūn Iú-hān Kong-si; pinyin: Táiwān Tángyè Gōngsī) or Taisugar (Chinese: 台糖; Pe̍h-ōe-jī: Tâi-thn̂g; pinyin: Táitáng) is a state-run enterprise of Taiwan, with headquarters in Tainan City.

History

The corporation was established on 1 May 1946 by the Nationalist government after the handover of Taiwan from Japan to Republican China, by merging all of the sugar companies (Dai-Nihon, Taiwan, Meiji, and Ensuiko Sugar Company) during the Japanese era in Taiwan. In the 1950s and 1960s, sugar was one of the major exports of Taiwan; the corporation remains a major land owner today.^{[citation needed]}

Taiwan's sugar trade, which flourished for almost 400 years, is now a sunset industry. The Taiwan Sugar Corporation has diversified its business into tourism, floriculture, biotechnology, and retailing. It also operates a chain of gas stations and invests in Taiwan High Speed Rail.^{[citation needed]} They also have a number of significant overseas investments. In 2020 Taiwan Sugar Corporation announced plans to close its largest pig farm in Vietnam and instead invest NT$10.7 billion (US$369 million) in remodeling and improving their pig farms in Taiwan.^[1]

TSC sugar plants

Shanhua Sugar Factory in Shanhua District, Tainan City^{[citation needed]}
Huwei Sugar Factory in Huwei Township, Yunlin County^{[citation needed]}
Siaogang Sugar Refinery in Siaogang District, Kaohsiung City^[2]

Developments

Taiwan Sugar Corporation has five types of developments — Open Bid Construction, Joint Construction, Community Development, Sugar Factory Fields Development, and Student's Dormitory Development. It also owns the Taiwan Sugar Research Institute.

Land ownership

Taisugar owns 550 km² (210 sq mi) of land in Taiwan — 370 km² (140 sq mi) are for agricultural purpose and 120 km² (46 sq mi) are for contract production.^[3]