USI Business Summary

USI Corporation (1304.TW) generates revenue through the manufacturing and sale of polyethylene (PE) resins, specifically focusing on Low-Density Polyethylene (LDPE) and Ethylene Vinyl Acetate (EVA) copolymers. Its primary business segments include LDPE/EVA, High-Density Polyethylene (HDPE), and Linear Low-Density Polyethylene (LLDPE), with a strategic emphasis on high-value applications such as photovoltaic-grade EVA for solar panel encapsulation and specialty resins for the footwear and packaging industries. The company operates a transaction-based model, exporting a significant portion of its output to markets across Asia, the Middle East, and South America. USI competes directly with Formosa Plastics Corporation (1301.TW), Lotte Chemical, and Hanwha Solutions. It occupies a specialized niche as a leading regional provider of high-performance EVA, distinguishing itself from larger diversified competitors through technical expertise in solar-grade materials and integration within the broader USI Group ecosystem. The leadership team is headed by Chairman and CEO Quintin Wu (Wu Yi-gui), who brings decades of experience from his tenure across the USI Group’s various petrochemical and electronic subsidiaries. Working alongside him is President Pei-Chi Wu, who oversees the company’s operational strategy and technical service divisions. The company was founded in 1965, originally as a joint venture with the American firm National Distillers and Chemical Corporation, and has since evolved into a cornerstone of Taiwan’s industrial landscape under the long-term stewardship of the Wu family. USI’s board is composed of seasoned industry experts and representatives from major institutional shareholders, including Vanguard and Dimensional Fund Advisors. This leadership structure emphasizes strategic continuity and a focus on R&D-driven innovation to maintain competitiveness in the evolving global chemical market.