The 34-year-old Chen Zhen-che (陳振哲) is the brains behind the hot-selling "Magic Bean" canned plants that Japanese toymaker Takara Co marketed last month to capitalize on the selling frenzy of Valentine's Day in Japan.
Unlike other canned plants, Chen's cans are filled with a bacteria-free, chemical substitute for soil.
The plants sprout in five to seven days and have sweet messages on the bean's surface.
PHOTO: GEORGE TSORNG, TAIPEI TIMES
"People were curious about the beans, and a product like this usually meets with a high demand in the market," Chen said in a recent interview at his small factory in the Hsiko Township of Chiayi County in southern Taiwan.
The well-wishing messages are "Happiness," "Good luck," "I love you," or "I miss you," featured on one side of the bean such as a graphic of an arrow piercing two hearts on the other.
"Few people believe the product is actually made here in Taiwan; they think it is imported from Japan or Korea," Chen said with pride.
PHOTO: GEORGE TSORNG, TAIPEI TIMES
The son of a farmer, Chen grew up in Chiayi and was a farmer, hair stylist and even ran a small wholesale stationery company.
But Chen says he always had a passion for flora and plants.
Chen said he first embarked on the idea of developing canned plants about five years ago.
He selected different plant species, put them inside a can and sealed them in a vacuum.
Then he distributed them at night markets and on the Internet.
The market response was very positive as little effort is required to take care of the plants, Chen said.
His plants have a high budding rate, and inside the can the fertilizer has been allocated according to the nutrition the plant will need to grow.
"What the customers need to do is read the directions on temperature, sunlight and water. Then they can observe the plant's budding, growth and blossoming in stages," he said.
His company Yu Chyu Co (羽鉅) has developed a lineup of 43 different plant products, ranging from carnations and sunflowers to lavender and tulips.
His overseas markets include Europe, South Korea, Japan, the US and China. Japan and Europe remain the biggest markets for Chen's products, while demand from China and South Korea has been increasing substantially.
But Chen has faced competition from rivals. In 2002, Chen got the idea of presenting plants with blessings on them.
"I thought of sculpting the messages on the bean. I thought of writing and even tried to iron the messages on it ... I tried every possible way you could think of to make it happen but I failed," Chen recalled.
After a year of trying, he at last selected the swordbean (Canavalia gladiata) as the most suitable bean, and found ways to inscribe the messages using a laser beam.
Chen named it the `Jack bean' after the fairy tale story `Jack and the beanstalk,' in hopes that whomever owns the bean will be as lucky as Jack is in the tale.
But in reality, Chen wasn't as lucky as he thought. His company faced great losses as a result of an increased bout of counterfeiting in China and South Korea.
"There are many fake `magic bean' products in those two countries," Chen said.
"For instance, we applied for a patent on our canned plants with the Chinese authorities in 1999, but we saw some Chinese companies had registered patents for the fake products there in 2002," he said.
Worst of all, several of his previous distributors in China later turned out to be his competitors after they learned how to use a laser beam in order to inscribe the messages.
"It took me a year or two to solve the problem. But Chinese copycats just stole the idea without having made any of the effort," he said.
While taking legal action against counterfeiters, Chen decided last year to create a new product, a "Magic egg," to stay ahead of his rivals.
"For a small company like us, we just don't have enough capital to file lawsuits against so many counterfeiters. But I know what I can do -- keep developing new products and always move our technology forward," he said.
The new products also have a bean inside, sprout and crack open through an egg, and show similarly sweet messages.
To make it possible, Chen said he first took an egg yolk and put the bean inside as well as the fertilizer, but he soon found the process was too time-consuming and that the budding rate was too low.
He then substituted a calcium-made fake egg and turned to academics for help in increasing the budding rate.
By collaborating with a horticulture professor at National Chiayi University, Shen Rong-shou (沈榮壽), who specializes in seed breeding, Chen solved the low budding rate problem.
This time the new product attracted interest from another Japanese toymaker -- Tomy Co's. Tomy also placed orders with Yu Chyu for Valentine's Day.
"Besides Tomy, we also saw a strong demand in other markets, including Taiwan," said Chen, adding that the company will see revenues double to about NT$80 million this year.
In 2003, Yu Chyu had an output of 100,000 canned plants per month. At the time, the company hired about 20 people.
But the company has now doubled its monthly output to 200,000 cans, and has also increased its manpower to around 100 people.
Since the collaboration with academics proved successful, Chen said he is now working on another new product.
"It is a plant that grows inside the can but needs no watering. The vacuum-sealed can will work like a self-developed life cycle," Chen said.
He declined to talk more about the new products, but they will debut in the spring of next year.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS