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2024 ASI Top 20: Nan Pao Resins Chemical Co., Ltd.

Founded in 1963, Nan Pao is a leading manufacturer of specialty adhesives, footwear adhesives, liquid and powder coatings, hot-melt adhesives, and construction materials in Taiwan. The company employs over 2,800 employees throughout the world, with factories in China, Vietnam, Indonesia, Malaysia, Thailand, India, the Philippines, Singapore, and Australia.


Consolidated revenue for Nan Pao decreased 6.47% in 2023, reaching nearly NT$20.5 billion (approximately $716 million). ASI estimates that adhesives accounted for approximately 74% of that revenue, or about NT$16 billion (~ $520 million). Nan Pao invests 2-3% of its revenue to researching new technologies.


NOTES: In 2022, the company celebrated the opening of its new headquarters and R&D Center. According to the company, “The dedication of the HQ and R&D Center represents our remarkable achievement on our 60th anniversary. We introduced modernized and efficient equipment for better innovation performances at the Adhesives R&D Center such as water-based PU, hot-melt adhesives, adhesives for flexible packaging, footwear adhesives, nonwoven adhesives and optical adhesives.”


NanPao announced recently that the company is prioritizing ESG and the development of green products and sees sustainability to be a core competitive edge. The company also declared that it will move towards net zero by 2050. NanPao aims to focus on long-term sustainable growth, integrating ESG into its corporate culture, not only to respond to trends and customer requirements but also to pursue more solid competitive advantages and help society.

Opening image courtesy of Nan Pao Resins Chemical Co., Ltd.

No. 16 | Nan Pao Resins Chemical Co., Ltd.

Tainan City, Taiwan
www.nanpao.com
CEO: Ming-Hsien Hsu
Sources: company website, press releases


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