- 2020/07Taiwan: Thanks to CTCI, the World Sees Taiwan: College Students from 19 Countries Explore Taiwan’s Sustainability Performance by Signing Up for CTCI EF Event “2020 Taiwan in My Eyes--Discover Sustainability”The nation-wide sustainability-exploration program “2020 Taiwan in My Eyes-- Discover Sustainability” kicked off on July 6 at the CTCI headquarters, drawing 12 teams from 9 universities and 19 countries. Jointly held by CTCI Education Foundation (CTCI EF) and Center for Corporate Sustainability (CCS), the 5-day program is aligned to United Nations’ Sustainable Development Goals. CTCI Group Chairman John T. Yu and CTCI EF Chairman Eugene Chien showed up on kick-off day, reminding students to take time to explore, discuss, and observe how sustainability can be achieved through daily living activities. Students are encouraged to share their views on social media platforms, so that the world can see Taiwan’s sustainable achievements.
For its sixth year running, this well-funded program takes students to famous benchmark companies. Students also enjoy plenty of free time to visit places as they wish to explore sustainability practices. That way, it will not only trigger in-depth thinking and discussion, but will bring sustainable ideals into reality in Taiwan and spread the influence worldwide as well.
- 2020/06Taiwan: Time to Pass On a Legacy and Elect New Successors to Ensure Our Everlasting Growth: Tea Party Ends in SuccessEstablished over 40 years ago, CTCI has come a long way to become Taiwan’s No. 1 and one of the Top 100 engineering services providers worldwide. To ensure our everlasting growth through leadership transitions, the board of directors have made a decision during CTCI Corporation’s board meeting on May 28 to promote CTCI Corporation President Michael Yang to become CTCI Corporation Chairman, and CTCI Corporation Executive Vice President Todd Chen to become CTCI Corporation President. The former CTCI Corporation Chairman, John T. Yu, as the head of CTCI Group, will continue to serve as Group Chairman and lead the Group’s Executive Committee in setting the Group’s visions, long-term goals, brand image, and corporate culture, while also supervising and assessing the development and performance of our three business groups and the Group Shared Services (GSS) for its sustained growth.
At this critical moment of leadership transition, the company has organized a tea party on June 8, inviting over 100 participants, including senior managers of our Group in Taiwan, young potential talents, and the chairmen/presidents of our overseas subsidiaries (via video conferences) to join this historic event. At the tea party, a video featuring past leaders of CTCI had been played to allow everyone to review CTCI’s history together.
Welcomed by a big round of applause, Group Chairman John T. Yu addressed in his opening speech that leadership transition is always a manager’s responsibility. The two successors are professional managers nurtured by CTCI from the very beginning. They are passionate, talented, aggressive, and are always willing to take on a challenge despite the risks. With these attributes, they have earned trust and respect, and have been chosen as successors to shoulder much heavier responsibilities. Offering congratulations to the newly elected leaders and to CTCI for keeping with the tradition of entrusting professional managers in running our company, Chairman Yu also expects the new management team to “lead by example, have moral integrity, be smart and wise, while staying just, open, and fair in every action taken.” That way, the new management team may continue to deliver CTCI’s engineering expertise to where it is needed most, and let every colleague share the pride as the world gets to know Taiwan’s engineering strengths.
The newly elected Chairman Michael Yang expressed his deep appreciation to the support and recognition from the Group Chairman and the Board. He mentioned that over the past forty years, he has only been able to conquer numerous tough challenges with the guidance of predecessors and the joint efforts of all colleagues. Now that he has taken up the heavy responsibilities, he will hold fast to the spirit of innovation and courage to make breakthroughs, dedicating to opening new perspectives for CTCI together with all staff.
The new CTCI Corporation President Todd Chen stated in his inaugural address that “transition in leadership” shall not be confined to any particular posts; instead, every single colleague has responsibility to pass down his/her experiences to successors. Shouldering new responsibilities, President Chen will spare no effort to strengthen communications across project teams and supporting departments, furthering realization of teamwork, so that the precious expertise and experiences could be passed down, and that the corporate culture of “professionalism, integrity, teamwork, and innovation” would be incorporated into day-to-day works. President Chen expects to pass the legacy on for generations to come, and to contribute himself to achieve sustainable growth for CTCI based on all colleagues’ collective effort.
The inaugural addresses were followed by a 15-minute open discussion session, attended by Group Chairman Yu, CTCI Corporation Chairman Yang, and CTCI Corporation President Chen. During the session, representatives of the young potential talents took the chance to ask about the key to success, the inner journeys these top managers went through up until being chosen as successors, and methods to enhance personal capabilities. The discussions were enthusiastic and the top managers had given their feedbacks unselfishly. The tea party ended in a lively and friendly fashion. Once again, in line with its proud tradition, CTCI has completed leadership transition, something which every CTCI colleague takes pride for. The new management team will continue to lead CTCI towards realizing the vision of being “the most reliable global engineering services provider.”
- 2020/05Taiwan: CTCI Chemicals Integrates Factories & Offices in One Place to Strengthen Capabilities—Blessing Ceremony Concluded with SuccessTo consolidate various leased factories and offices scattered in many places, CTCI Chemicals (CTCI CHC) purchased a piece of land to build a home of its own at Taoyuan Hi-Tech Industrial Park. The factory-office complex, which is a safe work environment in compliance with applicable laws and regulations, is now completed, and the relocation and blessing ceremony ended successfully on May 21. Group Chairman John T. Yu and CTCI CHC President Sam Kuo presided over the event together with other attending senior managers and colleagues, all sending their best wishes to CTCI CHC for a prosperous business.
By integrating CTCI CHC’s factories and offices of Neihu, Dayuan, and Jiuru, the internal communication and work efficiency will be greatly enhanced, and staff trainings could be further strengthened, thereby boosting the Company’s core competiveness. Looking towards the future, CTCI CHC will continue to develop its brand, set up a comprehensive supply chain in chemical products as well as an all-purpose laboratory, all of which will be dedicated to the single goal of being a well-rounded global specialty chemicals application services provider.
New address of CTCI CHC: No.808, Baiyu South Road, Guanyin District, Taoyuan City 328, Taiwan (R.O.C.)
Awards & Certifications
- 2020/06Taiwan: Three TWSE/TPEx Listed CTCI Companies Celebrate Back-to-Back Victories as Top 5% Performers in the 6th Corporate Governance EvaluationIn the 6th Corporate Governance Evaluation by Taiwan Stock Exchange (TWSE) and Taipei Exchange (TPEx), three listed companies of CTCI Group (CTCI Corp., CTCI Advanced Systems, ECOVE) finished among the top 5% of the TWSE and TPEx listed categories. In addition, CTCI Corp. and ECOVE finished among the top 10% of listed companies in the non-finance and non-electronics industry category with a market capitalization of TWD 10 billion or more. The two evaluations are divided into 7 and 5 notches respectively, with CTCI companies rated at the highest notches in both categories.
This year's evaluations were carried out using 85 indicators in 4 major dimensions: equal treatment for shareholders and protecting their rights and interests, enhancing board structure and operation, increasing information transparency, and putting corporate social responsibility into practice. A total of 1,600 companies, including 901 TWSE listed companies and 699 TPEx listed companies, were evaluated. Once again, the awards are recognition of CTCI's efforts in operational performance, corporate governance, and corporate social responsibility.
As a leader in Taiwan's engineering industry, CTCI continues to hold fast to its "Most Reliable" brand spirit to improve its corporate governance, and strives for sustainable business performance. Through the promotion of "Total Participation CSR Excellence Practice," CTCI has incorporated corporate social responsibility fulfillment into its business strategies and provided clients with optimized engineering series by utilizing its core competencies. This has been done by balancing the economic, social, and environmental developments as part of the contribution towards global sustainability. Its outstanding performances have been recognized in several domestic and foreign evaluations, including: being chosen as one of the constituent stocks in Dow Jones Sustainability™ Emerging Markets Diversified Index for five consecutive years; being awarded with Excellence in Corporate Social Responsibility Award by CommonWealth Magazine; and being awarded with the Ten Most Sustainable Company Awards by Taiwan Corporate Sustainability Awards (TCSA).
- 2020/06Taiwan: CTCI Corporation Remains Top Contractor in CommonWealth Magazine’s Top 2,000 Enterprises Survey while Many Group Companies Join the ListSeven CTCI Group Companies, including CTCI Corporation, ECOVE Environment Corporation, ECOVE Environment Services Corporation, CTCI Machinery Corporation, CTCI Resources Engineering Inc., CTCI Smart Engineering Corporation, and ECOVE Waste Management Corporation, are chosen as Top 650 Enterprises in Service Sector, as CommonWealth Magazine’s Top 2,000 Enterprises Survey results show this May. CTCI Corporation garners top 5% and remains No.1 in the contractor category. Many other Group companies also remain on other rankings lists.
Rankings are primarily based on revenue scale in 2019. In total, 2,100 companies with excellent performances are selected, and are further broken down into three categories, namely “Top 1,350 Enterprises in Manufacturing Sector,” “Top 650 Enterprises in Service Sector,” and “Top 100 Enterprises in Financial Services Sector.” The following is each Group company’s specific ranking among the top 650 enterprises in service sector:
- 2020/02Oman: CTCI Breaks Safety Record in LPIC EPC1 Steam Cracker with Off-Site Work & Utilities Project, Achieving 70 Million Man-hours without Lost Time InjuriesCTCI and McDermott joint venture contracted LPIC EPC1 Steam Cracker with Off-Site Work & Utilities Project by Oman Oil Refineries and Petroleum Industries Company (ORPIC) in Liwa Plastics Industries Complex (LPIC). The team successfully broke a new safety record of 70 Million Man-hours without Lost Time Injuries in February this year following the over 60 Million Man-hours without Lost Time Injuries record reached in September 2019 for onsite HSE management performance.
The safety record has been accumulated from Apr. 2016 till Feb. 2020. CTCI and its JV partner McDermott demonstrate excellent project integration and execution capabilities. Even at the onset of the commissioning stage, when major milestones including Cryogenic Flare Light Up, Boiler A Light Up, and Ethylene Import were performed, the project team managed to deliver high HSE performance in compliance with related onsite regulations, further attaining a record of 70 Million Man-hours without Lost Time Injuries. CTCI is committed to attaining the goal of no hurt by joining hands with its business partners and subcontractors.
CTCI Spokesperson Name: Ming-Cheng, Hsiao Job Title: Executive Vice President Ext: 02-2833-9999 # 10099 e-mail: email@example.com CTCI Deputy Spokesperson Name: Patrick Lin Job Title: Chief Financial Officer Ext: 02-2833-9999 # 16011 e-mail: firstname.lastname@example.org