2023 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 grew 22.4% in 2022, reaching nearly NT$22 billion (approximately $716 million). Adhesives accounted for 74% of that revenue, or about NT$16 billion (~ $520 million).