TSRC Business Summary

TSRC Corporation (2103.TW) is a premier global manufacturer of synthetic rubber and thermoplastic elastomers (TPE), generating revenue through the large-scale production and sale of specialized chemical polymers to the tire, automotive, footwear, and medical industries. Its business is structured into two primary segments: the Synthetic Rubber Division, which produces Styrene-Butadiene Rubber (SBR), Butadiene Rubber (BR), and Nitrile-Butadiene Rubber (NBR); and the Applied Materials Division, which focuses on high-margin Styrenic Block Copolymers (SBCs) such as SBS, SIS, and SEBS. With a production capacity exceeding 800,000 tons annually and facilities across Taiwan, China, the U.S., and Southeast Asia, TSRC has transitioned from a regional supplier to a global solution provider. It competes directly with industry giants like ARLANXEO, Kumho Petrochemical, Lanxess, and Sinopec, maintaining a competitive edge through its market-leading position in SEBS and its focus on high-performance, sustainable materials for the green tire market. Founded in 1973 by Glyn T.H. Ing, TSRC is currently led by Chairman Nita Ing, who has overseen the company’s international expansion and strategic acquisitions, including the pivotal purchase of Dexco Polymers. The executive team is headed by CEO Joseph (Wei Cheang) Chai, a chemical industry veteran who joined in 2015 following a 24-year career at The Lubrizol Corporation, where he held senior leadership roles in Asia and North America. Technical innovation is directed by CTO Qi Wei Lu, who manages the company’s global R&D centers. TSRC’s ownership structure features significant institutional backing from global firms such as BlackRock and The Vanguard Group, as well as long-term domestic investors like Wei Dar Development and Banker Industrial, ensuring a stable governance framework that supports the company's long-term technological and environmental objectives.