Company information
- Ticker
- 1587
- Country
- Taiwan
- Sector
- Consumer Discretionary
- Industry
- Automotive
CM Business Summary
Cryomax Cooling System Corp. (CM) is a specialized manufacturer of automotive thermal management components, generating the majority of its revenue through the high-volume production and international distribution of aluminum and copper radiators, condensers, intercoolers, and oil coolers. The company’s business model is strategically anchored in the global automotive aftermarket (AM), which comprises over 70% of its sales volume, supplemented by original equipment manufacturer (OEM) and supplier (OES) contracts for commercial and military vehicles. CM leverages a robust, vertically integrated manufacturing footprint with facilities in Taiwan, China, and a strategic production hub in Mexico designed to optimize logistics and serve the North American market. With a catalog of over 1,200 product models and an annual capacity exceeding 900,000 units, CM competes directly with global industry leaders such as Modine Manufacturing Company, Nissens, and TitanX, as well as its primary regional peer, Enterex International Limited. Within this landscape, CM distinguishes itself through its proprietary high-density fin technology and a sophisticated logistics network that includes major distribution centers in California and Virginia. The company was founded in 1984 by Yen-Ti Liu, who currently serves as both Chairman and General Manager, providing a unified strategic vision centered on metallurgical R&D and precision engineering. Under Liu’s leadership, CM evolved from a regional copper radiator specialist into a publicly traded leader on the Taiwan Stock Exchange, maintaining rigorous IATF 16949 and ISO 14001 certifications. The executive team, including Assistant Vice President and Spokesman Yi-Yen Lee, focuses on scaling the company’s technological capabilities in lightweight materials and green energy cooling applications. CM’s board of directors is composed of industry veterans with deep ties to the global automotive supply chain, evidenced by long-standing technical support and collaboration agreements with Japanese giant Denso Corporation. The firm’s investor base is primarily composed of institutional industrial funds and private equity stakeholders who support CM’s capital-intensive expansion into electric vehicle (EV) thermal management and high-performance industrial heat exchangers.