TA CHEN STAINLESS PIPE Business Summary

Ta Chen Stainless Pipe Ltd (2027.TW) operates a vertically integrated global manufacturing and distribution model, primarily generating revenue through the high-volume sale of stainless steel, aluminum, and industrial fasteners. The company’s business is divided into four primary segments: Stainless Steel and Aluminum (pipes, fittings, and plates), Aluminum Manufacturing (rolling and coils), Screws and Nuts (fasteners), and a diversified "Other" segment encompassing interior decorations and window coverings. Leveraging a robust logistics network, particularly through its U.S. subsidiary Ta Chen International, the firm maintains a dominant market share in the North American master distribution space. It competes directly with global and regional peers such as China Steel Corp., Tung Ho Steel Enterprise Corp., and Jacquet Metals, distinguishing itself through its extensive inventory-led distribution strategy and significant export footprint across the Americas, Europe, and Asia. The leadership team is anchored by Founder and CEO Robert Shieh (Rung-Kun Shieh), who has led the company for over three decades and holds a significant equity stake, ensuring deep institutional stability. The board is chaired by Li-Yun Hsieh, representing the major institutional shareholder Ta Ying Cheng Investment Co., Ltd. Key executive functions are managed by Senior Vice CEO Chang Di-Jin, Chief Financial Officer Chien-Chung Weng, and Chief Technology Officer Song-Mao Chen, who oversees the firm's R&D and manufacturing process optimizations. The board also features notable representation from the Linfangjin Charitable Foundation and a seasoned group of independent directors, including Audit Committee Chair Ming-Chang Shen, reflecting a governance structure that balances family-led entrepreneurship with institutional oversight.