Unishine Chemical, for which Shiny Chemical and Union Chemical both hold 50% shares, signed a joint venture agreement with CPC Corporation and Excel Chemical Corporation on January 28^th, 2015. The agreement stated that the three parties would jointly set up “Alhonga Vietnam Enterprise Co., Ltd.” with a total of NT$1.6B, and build a lubricating oil blending plant, docks, and storage station of solvent chemicals. Commercial operation of these facilities was set to be end of 2016.

Shiny Chemical has years of experience in market development and sales of chemical products, and Unishine Chemical specializes in warehouse management. With Alhonga’s business establishment in Vietnam, we expect to expand to the ASEAN market and secure greater business opportunities.