TAIWAN FERTILIZER Business Summary

Taiwan Fertilizer Co., Ltd. (1722.TW) operates a diversified business model centered on agricultural nutrients, electronic-grade chemicals, and high-value real estate development. Revenue is generated through three primary segments: Fertilizer and Chemicals, which produces urea and compound fertilizers for domestic and export markets; Electronic Chemicals, providing high-purity solutions for the semiconductor industry; and Real Estate, which leverages a massive land bank in Taipei’s Nangang District for commercial leasing and development. The company is currently pivoting toward a "clean energy" strategy, positioning ammonia as a critical hydrogen carrier for Taiwan’s energy transition. In the competitive landscape, Taiwan Fertilizer maintains a dominant domestic market share, competing with Formosa Plastics in the chemical sector, Sesoda Corp in specialty fertilizers, and Fwusow Industry in organic products. The leadership team is headed by Chairman Chang Tsang-lang (張滄郎), who was appointed in November 2025 after serving as General Manager, bringing decades of operational experience to the firm’s sustainability initiatives. He is supported by President Yu-Hsin Chen (陳玉信), who assumed his role in January 2026 following a career as a Senior Specialist at the Ministry of Agriculture. Founded in 1946 as a state-owned enterprise and privatized in 1999, the company’s strategic direction remains heavily influenced by the Ministry of Agriculture, which is its largest shareholder. The board of directors includes a mix of government representatives and academic experts, ensuring alignment between the company’s commercial real estate ventures and its foundational role in national food security and industrial supply chains.