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Stock Code: 1802Annual Report 2016Annual Report 2012Accessible at Website: glass.comPrepared by TAIWAN GLASS IND. CORP.Printed on May 9, 2017
I. Company Spokesperson:Acting Spokesperson:1. Name: Lin, C M1. Name: Huang, Y H/Huang, C C2. Job Title: GM, Finance Dept.3. Tel. No.: 02-271303332. Job Title: Manager, Accounting Dept./Manager, Planning Dept.3. Tel. No.: 02-271303334. E-mail：tgi@taiwanglass.com4. E-mail：tgi@taiwanglass.comII. Company and factories: (No subsidiaries)EntityHeadOfficeAddress11F, Taiwan Glass Building, No. 261, Sec. 3, Nanking E.RD., Taipei CityTaichung No. 377, Ziqiang Rd., Wuqi Dist., Taichung CityFactoryTaichung No. 222, Ziqli 3rd Street, Wuqi Dist., Taichung CityProcessFactoryTaoyuan No.1, Jingjian 5th Rd., Guanyin Industrial Park, GuanyinFactory Township, Taoyuan CountyLukangFactoryNo.11, Lugong Rd., Changhua Coastal Industrial Park,Lukang Township, Changhua CountyChangpin Changhua Coastal Industrial Park, Lukang Township,Factory Changhua CountyHsinchu No. 470, Sec. 4, Zhonghua Rd., Hsinchu CityFactoryTel. 7333(04)781-0333(04)781-2333(03)530-0333III. Stock Transfer Registration:1. Name: TGI Stock Affairs Div.2. Address: 8F, Taiwan Glass Building, No. 261, Sec. 3, Nanking E. RD., Taipei City3. Tel. No.: 02-27130333, Ext. 13254. Website: www.taiwanglass.comIV. Independent Accountants:1. Name: Wang, C L; Hsiao, Teresa2. CPA Firm: Ernst & Young3. Address: 9F, No. 333, Keelung Road, Sec. 1, Taipei City4. Tel. No.: 02-275788885. Website: www.ey.com/twV. Website: www.taiwanglass.com
Table of ContentsPage No.One.Letter to Shareholders . 1Two.Profile . 5I.Date of Establishment . 5II.Organization and Operations . 5Three. Corporate Governance . 7I.Organization, and Functions and Operations of Departments . 7II.Profiles of directors, Supervisors, President, Executive Vice Presidents, Asst. VP,and Supervisors of the Various Departments and Branches. 8III. Remuneration to Director, Supervisors, Presidents and Vice Presidents . 14IV. Status of Corporate Governance . 17V.Audit Fee Information . 35VI. Information on the Replacement of Independent Auditors for the Most Recent TwoYears and Afterwards . 36VII. Name of Auditing Firm or its Affiliates at which the Company’s Chairman, President,or Managers Responsible for Financial or Accounting Matters was on EmployeeOver the Past Year, his/her Position and Employment Period . 37VIII. Evaluation of External Auditor’s Independence . 37IX. Equity Changes, Transfers, and Pledges of Directors, Supervisors, Managers andMajor Shareholders . 38X.Relationship Among the Top Ten Shareholders . 39XI. Total Shareholding Ratio in each Invested Enterprise Invested by the Company, andthe Company’s Directors, Supervisors, Managers, and Enterprises Controlled by theCompany Directly or Indirectly, and Consolidated Shareholdings Thereof . 40Four.Status of Capital Planning . 41I.Sources of Capital Stock . 41II.Composition of Shareholders . 41III. Diversification of Shareholdings . 42IV. List of Major Shareholders . 42V. Information on Market Price, Net Value, Earnings and Dividends Per Share Duringthe Most Recent Two Years . 43VI. Dividend Policy and Implementation . 44VII. The Effects of Stock Grants Proposed at this Shareholders’ Meeting on BusinessPerformance and EPS . 44VIII. Bonuses to Employees and Remuneration to Directors and Supervisors . 44IX. Buyback of Common Stocks. 45X. Status of Placement of ECB . 46XI. Status of Preferred Shares, Overseas Depository Receipts, Employee Stock OptionCertificates and Merger & Assignment(including Merger, Acquisition and Division) . 47
XII. Implementation of Capital Utilization Plan . 48Five.Overview of Operation . 50I.Content . 50II.Overview of Market, Production, and Marketing . 56III. Employee Information for the Most Recent Two Years Up to the Publication of thisAnnual Report . 66IV. Environment Protection Measures . 66V.Labor Relations . 66VI. Major Contracts . 69Six.Financial Status . 70I.Most Recent 5-year Concise Financial Information with CPAs and their AuditOpinions . 70II.Most Recent 5-year Financial Analysis . 74III. Audit Committee’s Review Report . 77IV. Parent Company Only Financial Statements of TGI as of and For the Years EndedDecember 31, 2016 with CPA’s Report . 78V. Consolidated Financial Statements of TGI as of and For the Years Ended December31, 2016 with CPA’s Report . 174VI. If the Company or any of its Affiliated Enterprises has Encountered any FinancialDifficulties from the Most Recent Two Years until the Date the Annual Report wasPrinted, the Impact on the Company's Financial Condition Shall be set Forth. . 286Seven. Financial Highlights . 286I.Financial Analysis . 286II.Financial Performance Analysis . 287III. Cash Flow Analysis . 288IV. Significant Capitalized Expenditure Analysis . 289V.Long-term Reinvestment Policy, main Reasons for Gain or Loss, Improvement Planand the Coming Year Investment Plan. 289VI. Risk Management . 290VII. Other Important Notes . 290Eight.Special Notes . 291I.Affiliates . 291II. Status of Securities in Private Placement in the Past Year and up to the Publicationof this Annual Report . 302III. Status of TGI Common Stocks Acquired, Disposed of, and Held by Subsidiaries inthe Past Year and up to the Publication of this Annual Report . 302IV. Other Special Notes . 302Nine.Significant Issues which might Affect Stockholders’ Equity or Securities’ PricePursuant to Item2, Paragraph2, Article 36 of the Securities and Exchange Act in thePast Year and up to the Publication of this Annual Report . 302
One. Letter to ShareholdersI.2016 Business Operation(I)Production:TypeTerritoryFlat glassTaiwanMainlandChinaFiberglassfabric Tableware &KitchenwareAuto glassTaiwanContents1 production lines for Taichung Flat Glass Plant, and 1production line for Lukang Flat Glass Plant, 1 production linesfor Taichung Electronic Ultra-thin Glass Plant, totaling 3production lines11 production lines for Kunshan, Chengdu, Tianjin, Dongguang,Qingdao, Donghai, Xianyang and Fengyang Flat Glass Plants, 1production line for Fujian Photovoltaic Glass Plant, totaling 12production lines1 production line for Taoyuan and Lukang Fiberglass Fabric Plant,1 production line for Taoyuan Fiberglass Reinforced Plant, totaling2 production lines3 production lines for Kunshan Fiberglass Fabric Plant, 1production lines for Chengdu Fiberglass Fabric Plant, totaling 4production lines.8 production lines for Hsinchu Container, Tableware &Kitchenware PlantTaiwanTaichung Plant auto glass production lineMainlandChinaTYAU auto glass production lineTotalYearly 1%)142( 5.7%)12(-17.1%)11( 17.6%)3,404(-3.4%)-(II) Sales:TypeTerritoryFlat ed &FiberglassfabricContainer,tableware &kitchenwareAuto glassTotalMerge reversalTotal after andChinaSubtotalSales VolumeThousandComparedMTwith 2015320(-6.6%)3,075( 1.2%)3,395( 0.4%)NT Million4,73525,36930,104 US 935mil7178( 3.3%)( 46.5%)4,6965,370149( 22.2%)10,066 US 313mil141( 0.1%)3,430 US 106mil1211(-15.8%)( 14.3%)82850623(-3.7%)1,334 US 41mil3,708( 1.1%)44,934 US 1,395mil--(1,836)43,098 US 1,338mil－ 1－Sales AmountCompared with 2015(-5.2%)( 2.9%)percentage of theGroup’s turnover( 1.5%)67.0%( 1.4%)( 25.1%)percentage of theGroup’s turnoverpercentage of theGroup’s turnover( 12.8%)22.4%( 3.7%)7.6%(-15.3%)( 2.6%)percentage of theGroup’s turnover(-9.3%)3.0%( 3.6%)82 % for domestic marketing;18% for export( 4.4%)
(III) Financial report:1. Under the promotion of raw material price increase of China flat glass in 2016, as well as the effective productivity controland enhanced real estate , the supply and demand to flat glass market were eased. This situation made the sales revenue,amount, and operating income of flat glass increase, compared with 2015. However, due to the devaluation of the exchangefrom RMB to USD in the second half of 2016 and the increased consolidated exchange loss the profits were not asexpected but the loss had improved dramatically, compared with 2015.2.Unit: NT '000TitleOperating revenuesOperating ,161730,1844.4 %(3,017,817)(124.2)%Income before income tax(1,750,424)(4,907,909)(64.3)%Net 87,597)(65.0)%Net income attributable tostockholders of the parent(IV) Budget Execution:Unit: NT '000TitleOperating revenuesIncome before income tax2016 Budget (Note)2016 Amount46,000,000(426,000)Proportion43,097,62593.7 %(1,750,424)-Net income attributable to(209,000)(1,641,685)stockholders of the parentNote: This is an internal budget not disclosed publicly in the financial forecast.-(V) Profitability Analysis:TitleReturn on total assets (ROA)Return on stockholders’ equity(ROE)Ratio of operating income topaid-in capitalRatio of income before incometax to paid-in capitalProfit marginEPS (adjusted %2.51%(12.03)%(6.02)%(19.57)%(4.42)%(12.66)%NT (0.62)NT (1.97)Overview of 2017 Operation Plan:Strategy of Business Running:Looking to the future, the international economic situation and both domestic and international investment environmentare objective issues TGI has to concern about. For example, the implement of “one fixed day off and one flexible rest day”of Labor Standards Act led to 2% increase to TGI’s cost, besides, TGI has its employee3% raise. Under the situation,TGI’s cost were total 5 % increased. The commerce and industry expect Government to fix the Labor Standards Act byadjusting limitation of overtime higher per month and relaxing the working-hour specification so that they can reach awin-win situation of employers and employees by arrange production and manpower flexibly to increase capacity and－ 2－
decrease cost. Under the versatile boom, TGI must assure it has well competition conditions. Over the 52 years afterstartup, TGI devotes itself to cultivate great persons, develop high unit price products, boost operation management,strength channel layout and marketing service and carry out corporate social responsibility including economy,environment protection, labor care and products responsibilities, making progress and boom to the corporate as well associety. TGI expects to implement sustainable operation by achieving the goal of financial structure strengthened andbusiness development.Brief of Technology and R&D:In response to the vast opportunities of the touch panel market, TG has built a production line making ultra-thin glass.TGI has applied for and received subsidies for “New product development plan Led by Science and Technology R&DProject of Ministry of Economic Affairs” from the Industrial Development Bureau in 2014. It can be used in touchpanel/cover glass and provided to professional manufactures of automobile products. The high quality glass whichcombined with Sensor Technology and automatic anti-glare rearview mirror products is widely adapted by mainautomobile corporations worldwide.The popularization of smart phones, tablets, cloud computing and Internet of Things (IoT) brings the rapid combination ofelectronic products and film, television, and wireless transmission. The demand for high-speed and high-frequencynetwork is increased steadily, so TGI invested in a production line of low dielectric constant fiberglass fabric forapplications in upstream material of high-speed and high-frequency substrate. In 2015, TGI applied for and receivedsubsidies for the “Development Plan of Low Dielectric Constant Fiberglass Fabric for Material of High-speed andHigh-frequency Substrate” from the Industrial Development Bureau.For the global trend of energy-saving and environment protection, TGI started to implement the R&D of vacuum glassand has built a new production line for the new product. In 2012, TGI applied for and received subsidies for the“Development Plans of Low Energy Consumption Vacuum Glass and Continuous Process Technology” from theIndustrial Development Bureau.In order to increase the value of solar photovoltaic cover glass products, TGI started the R&D of Anti-Reflection coatingand has built production lines. In 2011 TGI passed the high tech preview program subsidy case “Glass manufacturingtechnology development of application on solar cell with high penetration, light self-cleaning, and thermal insulation” ofNSC. Meanwhile TGI has invested in Solar Photovoltaic cover glass, solar mirror glass,Double Low-E glass, andactively develops more high-performance Low-E coated glass products in response to the issues of global environmentalprotection and energy saving & carbon reduction.Prospects of Operating:The global economic situation of the first half of 2016 is weak and lack of motivation. Particularly, the industrycompetition intensified, and the exclusion effect of overcapacity and supply chain autonomy in China impacted the mainnational trade. Taiwan’s export situation has decreased for 17 months. The exchange fluctuation between RMB and NTDcaused exchange loss to enterprises. Each factor influenced enterprises’ profits but the circulated economic reboundshowed up in the second half of 2016. The expectation of economic performance in 2017 is positive although there arestill lots of potential and uncertain risks which might limit the strength of recovery and affect the economic trend.In regard to TGI’s performance in 2016, it has improved significantly to compare with the recent two years. We make abrief report by product lines as follows.－ 3－
In flat glass, both production and marketing in Taiwan is stable, and the percentage of market share is around 80%. Theflat glass TGI’s Taichung Factory and Lukang Factory produced has been reached the world class and laid a foundationfor high class building material. Due to the problem of energy shortage in Taiwan, TGI continued to popularize Low-Eenergy-saving glass and enlarge the sales volume of energy-saving glass products to implement environmental awareness,and integrated its industrial chain, strived for the visibility of international brand and order from high-priced customers byits experienced production and marketing teams.In new material ultra-thin glass, the products are mainly sold to China; meanwhile TGI has started to supply the productof high-level car mirror regularly since it obtained formal orders in March of 2017 after sampling to get certificate for oneyear. China flat glass market is still in the stage of structure innovation now. Moreover, China Authority implementsenvironment protection strictly so that the supply aspect is decreased slightly. Due to the rebound of whole real estatemarket, the sales price has been rising gradually since the second half of 2016. TGI’s China flat glass factories areextended to 12 cities and 14 factories with the advantages of flexible management, specialization and automation,enhancing the high value added products effectively to supply products to China market adequately.In fiber glass, TGI’s products are stable to supply, and has firm foundation of reputation. Under the population ofLow-Carbon Economy, the electronic products are developed toward the goal of light type. This trend enlarges the usingamount of complex fiber glass material. Meantime the mature application of IoT (Internet of Things) and the needs ofnetwork communication, mobile device, emerging self-driving car, and etc. are expected to motivate the growth on theneeds of industrial class and electronic class fiber glass. TGI’s thin, high precision and high strength fiberglass fabric hasmarket competitiveness. For the fast economic circle of electronics industry, TGI has to fully satisfy customers’requirement on specification, package and delivery date, and provide flexible service to cope with the market changes inthe future.In container glass, the exported products have been well received by European clients. TGI has promoted its publicity,created various channels, optimized online check and QC equipment, and maintained stable quality and excellentpersonnel service. The quality and production efficiency of TGI’s tableware has been promoted by updating its furnaceand equipment. Furthermore, TGI provides clients various choices with customized multi-printing and packagingprocessing abilities, and combines with other industrial products to apply on marketing.Shihlien Chemical Industrial Jiangsu Co., Ltd. (SCJ) manufactures soda ash and ammonium chloride, has reached acapacity of 980,000 tons per annum each. To raise added value of products and cooperate with the China policy ofencouraging industrial restructure and upgrade, SCJ has planned to involve in R&D and production of life and healthindustry to manufacture sodium chloride raw material, salt and salt for animals with a capacity of 300,000 tons andAlkaline water with a capacity of 450,000 tons.Important production-marketing policies:1. Innovative Technology2. Excellent Quality3. Cost Efficiency5. Product Development6. Comprehensive Services－ 4－4. Reasonable Price
Two. ProfileI. Company Profile(I) Date of Establishment: August 25, 1964(II) Organization and 19831987MilestonesCompany was established with a capital of NT 150 millionCooperated with Asahi, Japan for sheet glass TAAHsinchu TS Factory sheet glass plant launched into productionCooperation with U.S. WHEATON GLASS for glass containers TAATGI Building inauguratedTGI stock listed on Taiwan Stock ExchangeCooperated with Pilkington PLC. UK for tinted glass TAACooperated with Veba Glass Ag. Germany for tableware glass TAACooperated with Pilkington PLC. UK for float glass TAATaichung TF Factory float glass plant productionCooperated with OWENS CORNING FIBERGLAS CORP. for fiberglass reinforced TAACooperated with Sibata Hario, Ltd. Japan for heat-resistant glass TAA1988Work with Kanebo, Ltd. Japan for fiberglass fabric glass TAA198925th Anniversary of Taiwan Glass Group1990Taoyuan TT Factory fiberglass fabric & fiberglass reinforced plant production1992Founder took the business trip to Mainland China.1993Taiwan Glass China Holding Ltd. established1994Cooperated with HERMANN HEYE for container glass TAA30th Anniversary of Taiwan Glass GroupEstablishment of TG Qingdao Factory1995Cooperated with Ishizuka Glass Co., Ltd. Japan for tableware TAATaichung, Taoyuan and Hsinchu Factories ISO-9002 CertificationTG Qingdao Glass Co., Ltd. plant productionFounder paid the visit to Beijing1997TG Changjiang Glass Co., Ltd. plant production1998Lukang Factory TL factory fiberglass fabric plant production2001Taichia Glass Fiber Co., Ltd. established and groundbreakingTaoyuan, Hsinchu, Taichung and Lukang Factories ISO-14001 Certification2002Chairman Lin awarded with the Phoenix Award (USA) of 32nd termTG Changjiang Glass Co., Ltd. CFG-2 plant production2004Taichia Glass Fiber Co. Ltd. plant productionTG Donghai Glass Co. Ltd. plant productionTG Chengdu Glass Co. Ltd. plant production40th Anniversary of Taiwan Glass Group2005TG Huanan Glass Co., Ltd. plant productionTaichia Glass Fiber Co. Ltd. TFG-2 plant production2006TG Kunshan Glass Co., Ltd. CFG-3 plant productionTG Tianjin Glass Co., Ltd. plant productionLukang Factory TF-4 float glass plant production2007Taichia Glass Fiber Co. Ltd. TFG-3 plant production－ 5－
Year2008MilestonesTG Chengdu Glass Co. Ltd. CDG-2 plant productionTG Huanan Glass Co., Ltd. HNG-2 plant productionTaichia Glass Fiber Co. Ltd. TFG-4 plant productionHsinchu Factory TS-7 rolled glass furnace rebuilding to container glass furnace2009Taoyuan Factory TT-1 expansion FRPLukang Factory TF-4 introduced Low-E glass coating technology.TG Fujian Photovoltaic Glass Co., Ltd. groundbreaking2010TG Yueda Autoglass Co., Ltd. establishedTG Taicang Architectural Glass Co., Ltd. established and groundbreakingTG Xianyang Glass Co., Ltd. establishedTG Anhui Glass Co., Ltd. establishedTG Wuhan Architectural Glass Co., Ltd. establishedTG Fujian Photovoltaic Glass Co., Ltd. plant production2011Changpin Factory plant productionHsinchu Factory ISO-22000 certificationTG Yueda Solar Mirror Co., Ltd. establishedTaichia Chengdu Glass Fiber Co., Ltd. groundbreakingTG Anhui Glass Co., Ltd. groundbreakingTG Wuhan Architectural Glass Co., Ltd. groundbreakingTG TECO Vacuum Insulated Glass Corp.(TVIG) establishedTG Yueda Autoglass Co., Ltd. plant production2012TG Huanan Glass Co., Ltd. Low-E glass plant productionTG Taicang Architectural Glass Co., Ltd. Low-E glass plant productionTG Wuhan Architectural Glass Co., Ltd. Low-E glass plant production2013TG Xianyang Glass Co., Ltd. plant productionTG Anhui Glass Co., Ltd. plant productionHsinchu Plant TS-10 heat-resistant container furnace plant productionHsinchu Plant TS-11 heat-resistant tableware furnace plant productionTG Donghai Glass Co., Ltd. DHG-2 plant productionShihlien Chemical Industrial Jiangsu Co., Ltd. plant production2014Hsinchu Plant TS-4 container furnace plant productionTG Donghai Glass Co., Ltd. DHG-3 plant production50th Anniversary of Taiwan Glass GroupTG TECO Vacuum Insulated Glass Corp.(TVIG) plant productionTaichung Plant TF-5 electronic-grade ultra-thin glass production2015Taichia Chengdu Glass Fiber Co., Ltd. plant productionTG Yueda Solar Mirror Co., Ltd. Plant productionThe Company issued 130,000,000 new common shares, the aggregated amount was NT 1,300,000,0002016The Company issued 400,000,000 new common shares, the aggregated amount was NT 4,000,000,000－ 6－
Three. Corporate GovernanceI. Organization, and Functions and Operations of DepartmentsShareholders'MeetingAudit CommitteeBoard ofDirectorsAudit Dept.Audit/internal control managementCompensationCommitteeLabor Safety Dept.CSR CommitteeSecretariatSecretaryHR Dept.PersonnelPlanning Dept.PlanningFinance Dept.FundingOccupational Safety and Health mattersTreasuryAccounting Dept.AdministrationGeneral affairs legal and foundationStock Affairs Dept.Stock affairsIT Dept.Overseas Sourcing Dept.OutsourcingAccountingManagement Dept.Domestic Sourcing Dept.Export Dept.Flat Glass Dept.Design and maintenance of system andnetworkOverseas sourcingDomestic sourcingNegotiation and shipping affairsDomestic marketing of flat glassNorth AdministrationOverseas Flat Glass Dept.Flat glass plantFlat Glass BusinessUnitTaichung FactoryProduction and processing of flat glassProcessing PlantLukang Factory TF-4Production of flat glassChangpin FactoryChairmanExport trade of flat glassPresidentNorth AdministrationProcessing of flat glassGlass Fabric Dept.Sale of fabric glassGlass Fiber Dept.Sale of fiber glassSupport for ChinaProvide support to fiber related businessesin ChinaGlass Fabric Dept.Fiber Business UnitTaoyuan FactoryGlass Fiber Dept.Production of fabric glass and fiber glassProcessing PlantGlass Fabric Dept.Lukang FactoryProduction of fabric glassGlass Fiber Dept.Containers Dept.Sale of containersTableware Dept.Sale of tableware and kitchenwareNorth AdministrationGlassware & ContainerBusiness UnitContainers Dept.Hsinchu FactoryTableware Dept.Production of containers, tableware andkitchenwareKitchenware PlantTaichung FactoryNew Glass Materials Dept.Production and sale of ultra-thin glassFlat glass technology and qualityimprovementFlat Glass R&D Dept.China ProductionFlat Glass businesses related operationsQRGTGUSCFGTKGTRAEKunshan Energy StarGlass Co., Ltd.CDGTXYXianyang Jienengdun GlassCo., Ltd.TAHTTARTWARReinvestmentChinaTGCHWuhan Jienengzhixing GlassCo., GHTAGCAuto glassTVIGHTG－7－Auto glass FactoryZZSSOverseas and domestic subsidiaries
Table 1: Key Shareholders of Major Institutional ShareholdersDecember 31, 2016Institutional shareholderMajor Shareholders of InstitutionalNameShareholders(Note 1)(Note 2)Tai Hong InvestmentCo., Ltd.%Ho Ho Investment Co., Ltd.29.4%Tai Cheng Investment Co., Ltd.11.4%Lin, P F14.0%Lin, P S14.0%Lin, P C14.0%Tai Hong Investment Co., Ltd.32.2%Tai Yu Investment Co., Ltd.19.8%Tai Chia Investment Co., Ltd.19.8%Tai Chien InvestmentHo Ho Investment Co., Ltd.19.7%Co., Ltd.Tai Chia Investment Co., Ltd.12.2%Tai Yu Investment Co., Ltd.12.1%Lin, P F15.2%Lin, P S15.2%Lin, P C15.2%Tai Chia Investment Co., Ltd.16.7%Tai Yu Investment Co., Ltd.19.8%Lin, P F15.3%Lin, P S15.3%Lin, P C15.3%Ho Ho Investment Co.,Ltd.Lim Ken Seng Kah KihCo., Ltd.Note 1: The director/supervisor who represents a corporate shareholder, if any, shall identify the corporateshareholder’s name.Note 2: Please specify the major shareholders’ name (those with shareholdings in the first top 10) and theirshareholdings. If the major shareholder is a corporation, please also complete the following Table 2.–9–
Table 2: Key Shareholders of Major Institutional Shareholders inTable 1December 31, 2016Institutional shareholderMajor Shareholders of InstitutionalNameShareholders(Note 1)(Note 2)Tai Cheng InvestmentCo., Ltd.%Tai Yu Investment Co., Ltd.14.8%Lin, P F21.9%Lin, P S21.9%Lin, P C21.9%Tai Chia Investment Co., Ltd.40.9%Ho Ho Investment Co., Ltd.16.5%Tai Chien Investment Co., Ltd.16.2%Tai Chia Investment Co., Tai Yu Investment Co., Ltd.Ltd.Tai Chien Investment
Auto glass Taiwan Taichung Plant auto glass production line 12 (-17.1%) Mainland China TYAU auto glass production line 11 ( 17.6%) Total - 3,404 (-3.4%) (II) Sales: . Under the promotion of raw material price increase of China flat glass in 2016, as well as the effective productivity control and enhanced real estate , the supply and demand to .
