Since its establishment in 1998, Chitec has been focusing on the research and development of specialty chemical applications for various industries, including electronics, medicine, automotive, and construction, etc. During this time Chitec has steadily built up its major product lines, such as photoinitiators, UV absorbers, antioxidants, flame retardants and others. To date, Chitec has not only set up two plants and one R&D center in Taiwan, but also has established a sales network that covers five continents. These are the critical building blocks of Chitecs global success in the coating and plastics specialty chemical business. In 2010, Chitec was listed on Taiwan's Emerging Stock Market (stock code No. 3430) and became a public listed company.
Innovation is a core value that Chitec continuously pursues and delivers to its customers. It explains why Chitec was able to file its first patent on a hydrolysis-proof antioxidant right after its establishment 16 years ago. The recently launched novel products, such as Revonox® 6 (a spiro phosphite antioxidant) and Zuran® 9 (an eco-friendly flame retardant), to name a few, have all undergone nearly 10 years of development with millions of R&D expenditure and facility investment. Strong R&D momentum and solid manufacturing capability are the key factors in Chitecs success and its ability to compete with the centuries-old Western chemical industry.
Eco-consciousness is the second pivotal value that drives Chitec in all its endeavors. Green concepts are adhered to in
every step from molecular design, raw material selection, process deployment to customers end application. A good example is Revonox® 420V, the first hydroxylamine primary antioxidant derived from a plant source.
Chitec is also proactively meeting the global chemical regulations. In addition to the 100+ REACH pre-registered and 20+ fully registered substances, Chitec is also working on TSCA, FDA, CLP and GHS compliant projects as well as new chemical notification/registration initiatives in other countries to help global partners fulfill regulatory requirements. Many international enterprises would find it difficult to match the degree of Chitecs commitment and investment in global regulatory compliance.
Last but not least, breaking a stereotype that chemical business is always associated with danger, inferior work conditions, high energy consumption, substantial pollution and so on is the most significant mission of Chitec in the next decade. The best approach, also the third core value that Chitec has been upholding ever since day one, is sustainability. The Chitec plants have implemented measures that include the use of natural gas heating systems, top-notch waste water, air treatment and will eventually become carbon and water neutral. It is also hoped that these efforts will help the general public to realize that chemical industry can also be highly technology driven, safe, clean and eco-friendly.