UPC Business Summary

Union Petrochemical Corp (UPC) is a premier global manufacturer of petrochemical intermediates, primarily generating revenue through the large-scale production and distribution of plasticizers, phthalic anhydride (PA), and polyvinyl chloride (PVC). Its business is structured around core chemical segments—including a dominant position in the merchant plasticizer market—and a supporting logistics division that manages terminal operations and bulk chemical transport. UPC’s competitive edge lies in its extensive production network across Taiwan and Mainland China, which allows it to serve diverse industrial applications in the construction, automotive, and electronics sectors. Within the market, UPC competes with major entities such as Nan Ya Plastics, Formosa Plastics Corporation, and BASF, distinguishing itself as one of the world’s largest producers of PA and plasticizers, with an increasing strategic emphasis on non-phthalate and eco-friendly chemical solutions. Founded in 1976 as a core member of the MiTAC-Synnex Group, UPC is currently led by Chairman Matthew Feng-chiang Miau, a veteran industrialist with a pedigree in electrical engineering and business administration who also oversees the broader MiTAC-Synnex conglomerate. The company’s operational leadership is headed by President Ann S. C. Bih, a chemical industry expert who previously served as Vice President and Spokesperson for CPC Corporation, Taiwan. The board of directors is composed of seasoned professionals from the MiTAC-Synnex network and reputable independent scholars, ensuring a blend of technical expertise and corporate governance. Notable institutional backing comes from major global funds such as Vanguard and Dimensional Fund Advisors, reflecting the company's established position as a critical player in the global chemical supply chain.