Taiwan Sugar Corporation (TSC), reorganized from the four major Japanese-managed sugar companies after the restoration of Taiwan to the Republic of China, was inaugurated on May 1st 1946 and thus became a state-owned enterprise as yet.
Cane sugar is an important native product of Taiwan. Although the island's sugar exports dated back to the 17th century, it was not until 1900 that modern sugar factories were constructed. For more than a decade from 1952 through 1964, sugar was Taiwan's leading export commodity and accounted for 74 percent of the nation's total foreign exchange earnings at its peak. Annually TSC manufactured sugar and by-products worth hundreds of millions of U.S. dollars, and paid a considerable amount of taxes and, in turn, promoted the modernization of Taiwan's agriculture. TSC reached a total cane acreage of 100,000 hectares at its height during the past years, and had 130,000 to 150,000 cane growers. TSC has contributed a lot to Taiwan's agricultural economy by effectively utilizing land resources and providing many job opportunities to the farmers.
TSC’s sugar industry has contributed considerably to the prosperity of the rural economy and, at the same time, stimulated the development of all the other industries on the island. Since 1964, however, the influence of the sugar industry has waned as a result of Taiwan's changing economic structure although sugar still plays an important role among people’s lives.
TSC right now owns two sugar factories ( located in Shanhua,Huwei respectively) with a total milling capacity of 13,000 tons per day, and a sugar refinery (Siaogang) with a melting capacity of 1,200 tons per day.
At present, to seek sustainable management, TSC has been actively diversifying its businesses, ranging from hypermarket, biotechnology, agriculture, animal industry, marketing, petroleum, leisure businesses to property management, farm management and land development, with an aim to raise management efficiency and bring in more profits and revenues.