INCA Business Summary

International Carbide Technology Co., Ltd. (INCA) operates as a specialized manufacturer and exporter of passive fire protection (PFP) solutions, generating revenue primarily through the sale of proprietary firestop materials and the execution of fire protection engineering contracts. The company’s high-density product portfolio is categorized into firestop systems (sealants, caulks, and putties), joint systems, fireproof coatings for wood and structural steel, and specialized protection for electrical and cable systems. INCA distinguishes itself as a premier Asian manufacturer by maintaining rigorous UL and FM Global certifications, allowing it to compete in high-specification infrastructure projects globally. Its primary direct competitors include global giants Hilti and 3M, as well as regional players such as Yung Chi Paint & Varnish (Rainbow House) and Nan Pao Resins Chemical. Within this landscape, INCA occupies a specialized niche as a cost-effective, certified alternative to Western incumbents, particularly in the semiconductor and heavy industrial sectors across Taiwan and Southeast Asia. Leadership at INCA is currently spearheaded by Chairman Ho Tung-Kuang, who oversees the company’s strategic expansion and long-term R&D initiatives. In a significant executive transition effective March 16, 2026, the Board of Directors appointed Lin Tung-Ho as the new General Manager (CEO); Lin previously served as an independent director for the company, bringing deep governance and operational oversight experience to the role. The executive team also includes Vice Chairman Cheng Shih-Fang and Director Chen Wen-Feng, the latter representing Li-Yi Investment, one of the company's major institutional shareholders. Since its founding in 1998, the leadership has maintained a focused pedigree in chemical engineering and material science, ensuring the company remains at the forefront of environmentally friendly, halogen-free fire safety technology. Notable board representation includes significant stakes held by investment vehicles such as Li-Yi Investment and Fu-Chia-Yang Investment, reflecting a stable, insider-heavy ownership structure.