Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, remained the most prestigious company in Taiwan this year, followed by Hon Hai Precision Industry Co (鴻海精密), the nation’s largest electronics manufacturer by revenue, according to a survey released by the Chinese-language Commonwealth Monthly yesterday.
HTC Corp (宏達電), the leading maker of smartphones running on the Windows Mobile and Google’s Android operating systems, MediaTek Inc (聯發科), the nation’s biggest handset chip designer, and Delta Electronics Inc (台達電), the world’s top switching-power supplies maker, rounded out the five most prestigious companies, the magazine said in the survey posted on its Web site.
Acer Inc (宏碁), Uni-President Enterprises Corp (統一企業), President Chain Store Corp (統一超商), Formosa Plastics Corp (台塑) and China Steel Corp (中鋼) placed sixth to tenth respectively.
The poll, which is in its 16th year, surveyed 3,700 companies and professionals from various fields between Aug. 25 and Sept. 17. It used 10 criteria, including finance, long-term investment, business vision and ability to innovate, to evaluate 228 Taiwanese enterprises.
The survey results suggested that companies that could turn the worst time during the global economic slowdown into the best opportunity in investment and business expansion would stand out from peers in their respective fields.
A total of 22 industry categories were included in this year’s survey, with three of them seeing changes in the respective leads.
U-Ming Marine Transport Corp (裕民航運), for instance, replaced Evergreen Marine Corp (長榮海運), Asia’s largest container shipping company, to take the crown in the shipping industry category.
The survey said U-Ming, a bulk carrier, won praise from respondents because of its ability to secure orders and negotiate with customers flexibly during the post-global financial crisis period, making it the most profitable shipper among its local peers last year.
Dupont Taiwan Ltd (台灣杜邦), meanwhile, outranked Formosa Plastics this year to lead in the petrochemical industry category.
The survey results showed Dupont secured the highest scores in seven criteria in the petrochemical category, while its strong showing in the corporate citizenship score was particularly noteworthy, after Formosa Plastics Group (台塑集團) was hampered by a series of industrial safety and pollution incidents this year.
China Steel Corp (中鋼), the nation’s biggest steelmaker, was dropped from the top-10 list last year, but managed to return this year because of its ability to execute solid long-term investments, the survey said, citing its investment projects in Vietnam and China in recent years.
In Vietnam, China Steel and Japan’s Sumitomo Metal Industries Ltd established a cold-rolled steel mill last year and the company invested in a 5 percent stake in Formosa Plastics’ steel mill there this year. In addition, the company bought a 70 percent stake in Changzhou Xinzhong Precision Alloy Forging Products Co (常州新眾精密合金鍛材) in China in August.
In the financial industry category, the survey suggested strong capability in integrating corporate and consumer banking strategies were key to local financial firms aiming to branch into the Chinese market.
Fubon Financial Holding Co (富邦金控), which remained in the lead in this category for its cross-border operations, innovation ability and business vision, was likely to find success in China based on its experience in Taiwan, according to the magazine.
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