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Evergreen Group

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Not to be confused with Evergrande Group.
Evergreen Group
長榮集團
Company typePrivately held company
IndustryTransport
Hotel
Founded1975; 49 years ago (1975)
FounderChang Yung-fa
HeadquartersTaipei, Taiwan
Key people
Cheng Shen-chi (chairman)
ProductsShipping
Cargo
Freight distribution
Air transportation
Hotel
SubsidiariesEvergreen Marine Corporation
EVA Air
UNI Air
Evergreen International
Evergreen Aviation Technologies
Evergreen Air Services
Evergreen Air Cargo Services
Websitewww.evergreen-group.com (in English)

The Evergreen Group (Chinese: 長榮集團; pinyin: Chang Rong Ji Tuan) is the organizational designation used by a Taiwan-based conglomerate of shipping, transportation, and associated service companies. The Evergreen Group arose in 1975 from the diversification of the original Evergreen Marine Corporation, which was established in 1968 and currently operates as the world's third largest containerized-freight shipping company. Today, the Evergreen Group encompasses the Evergreen Marine Corporation, Evergreen International Corporation, EVA Air, Evergreen Aviation Technologies Corporation, Evergreen Air Services Corporation, Evergreen Air Cargo Services Corporation, and Evergreen International Storage and Services Corporation.[1] Additional divisions and subsidiaries exist within several Evergreen Group companies, such as Uniglory Shipping Corporation and Uni Air.

Evergreen Marine Corporation

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Further information: Evergreen Marine

Evergreen Marine is the third-largest containerized shipping company in the world, with a fleet of over 165 ships calling on 240 ports worldwide in about 80 countries. Evergreen Marine Corporation includes subsidiaries/divisions Uniglory Shipping Corporation, Hatsu Marine Ltd., and Italia Marittima S.p.A.

In 2021, the Ever Given container ship was stranded for nearly a week in the Suez Canal and caused a major obstruction that interrupted international maritime trade.[2]

Evergreen Steel Corporation

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Evergreen Steel Corporation's main business activities include manufacturing and assembly of steel structures and maintenance and repair of shipping containers.[3] In the past, it was also involved in shipbuilding, and built a number of ships.[4]

History

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The predecessor of Evergreen Steel Corporation, named Kaolun Industrial Corporation at the time, was founded in 1973, and renamed to Ever Master Industrial Corporation in 1982. Another predecessor, Ever Valor Industrial Corporation, started operations in 1984. The two companies merged (under the older company's name) year after, in 1985, and the merged entity was renamed Evergreen Heavy Industrial Corporation in 1987.

The company underwent further mergers (with Evergreen Superalloy Corporation in 1990, Ever Pioneer Steel Corporation in 1998, Green Steel Structure Corporation in 2009), acquired equities of its subsidiaries (of Super Max Engineering Corporation in 1997, of Hsin Yung Enterprise Corporation in 1998, of Mingyu Investment Corporation and Green Steel Structure Corporation in 2000, of Ever Ecove Corporation in 2018), and was further renamed numerous times (to Evergreen Development & Network Technology Corporation in 2000, to Evergreen Development Corporation in 2001, to Evergreen Steel Corporation in 2011).

It went public in 2019, and was listed on Emerging Stock Board of Taipei Exchange in 2020 and on TWSE in 2021.[5]

Evergreen International Corporation

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Evergreen International Corporation includes Evergreen International Hotels, which operates the chain of Evergreen hotels and resorts worldwide, a Cultural Development Division, and the Evergreen Symphonic Orchestra.

Evergreen International Hotels

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The largest division of the Evergreen International Corporation is Evergreen International Hotels, which operate nine hotels in Taiwan, China, Thailand, Malaysia, and France.[citation needed]

The Evergreen International Hotels brand was involved in a political dispute during the Paris 2024 Olympics after an influencer posted a video showing one of the group's Paris hotels that displayed the flag of the Republic of China but not the flag of the People's Republic of China.[6] Following the dispute the business issued an apology and said it does not support Taiwan independence and that it adheres to the 1992 Consensus.[7]

EVA Air

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Further information: EVA Air

EVA Air is the international airline of Evergreen Group, operating regular flights to over 40 destinations worldwide. EVA Air features full passenger and dedicated cargo operations to North America, Asia, Europe, and Oceania. The parent company of EVA Air, EVA Airways Corporation, has links with the Evergreen Aviation Technologies Corporation, Evergreen Air Services Corporation, and Evergreen Air Cargo Services Corporation.

UNI Air

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EVA Air's domestic and regional subsidiary is Uni Air, operating a network of intra-Taiwan routes and flights to several international destinations in the Southeast Asian region.

Evergreen Aviation Technologies Corporation

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In 1998, Evergreen Group's EVA Air partnered with General Electric to form the Evergreen Aviation Technologies Corporation (EGAT), a heavy maintenance and aircraft overhaul service.[8] EGAT provides safety, repair, and refit services for EVA Air and other airlines' aircraft. In 2006, Boeing awarded EGAT an exclusive contract to convert four Boeing 747-400 aircraft into ultra-large Boeing 747 Large Cargo Freighter Dreamlifters for the new Boeing 787 Dreamliner program.

In 2020, EGAT announced that they would be segmenting into two distinct units with EGAT MRO to handle EGAT's maintenance, repair and operations business and EGAT FAB to handle EGAT's components fabrication business.[8]

Evergreen Air Services Corporation

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Evergreen Air Services Corporation provides logistical and material support in the airline industry.

Evergreen Air Cargo Services Corporation

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Evergreen Air Cargo Services Corporation provides logistical and material support in the air cargo industry.

History

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Dr. Chang Yung-fa, Chairman of the Evergreen Group, was born in Taiwan in 1927. After graduating from Taipei Commercial High School at the age of 18, he went to work in the Taipei office of a Japanese shipping line.

After World War II, he joined the seagoing staff of a local shipping company as 3rd officer. His subsequent career was spent with various local companies and he progressed smoothly through the ranks to 2nd officer, chief officer and eventually to captain.

Foundation of Evergreen Marine Corporation

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In 1961, Chang and others established a shipping company; he branched out on his own by establishing Evergreen Marine Corporation on September 1, 1968, with just one secondhand 15,000 dwt vessel, Central Trust.

Over the next four years, Chang built his fleet up to 12 vessels. Within a year, he had expanded to the Middle East. Within three, Chang was dispatching Evergreen ships to the Caribbean.

Back in 1975, Chang realized that containerisation was the way forward. He built four advanced S-type container ships and launched his US East Coast service, adding the US West Coast fifteen months later. Europe followed in 1979.

By 1984, he started his most ambitious service yet – two 80-day round-the-world services, one circling the globe in an easterly direction, the other westward. Departing every 10 days, the 20 G-type container ships he employed had a capacity of 2,728 containers each and could travel at a speed of 20.5 knots.

Expansion and formation of Evergreen Group

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Evergreen cargo ship Ever Logic at Los Angeles.

The Evergreen Group has expanded beyond the shipping industry to encompass operations in energy development, air transport, hotels and resort services.

The country's first private international airline, EVA Airways Corporation, was established on March 8, 1989, and on July 1, 1991, formally inaugurated its first flight and began a new era of national commercial aviation.

In line with the development of its airline industry, Evergreen has become the first Taiwanese enterprise to gain a worldwide foothold in the hotel industry.

In 1998, Evergreen purchased the Italian shipping line Lloyd Triestino renaming as Italia Marittima S.p.A. on 1 March 2006, thus providing it with a firm foothold in the European Union. It consolidated this position in 2002 with the establishment of Hatsu Marine in London, a UK-flag shipping company that today operates some of the largest and most sophisticated vessels in the Evergreen Group fleet.

The Evergreen Group, with over 18,000 employees and more than 240 offices/agents worldwide, now comprises over 50 major corporations worldwide, three of which are listed on the Taipei Stock Exchange.

In 2006, the Kuomintang sold its former headquarters to Evergreen Group for $2.3 billion New Taiwan dollars (96 million United States dollars).[9] In 2010, Evergreen Group announced that it would buy 10 ships each from Samsung Heavy Industries and CSBC Corporation as part of an ambitious plan to double its current fleet of 81 ships.[10][11]

See also

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References

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  1. ^ "www.evergreen.com.tw/". Archived from the original on 2007-03-08. Retrieved 2007-03-09.
  2. ^ Wittels, Jack; El Wardany, Salma; Magdy, Mirette (March 28, 2021). "Giant Vessel Is Now Afloat, Inchcape Says: Suez Update". Bloomberg News. Retrieved March 28, 2021.
  3. ^ "Company Profile – Evergreen Steel Corp". Archived from the original on 2024-04-03. Retrieved 2024-04-03.
  4. ^ "Evergreen Heavy Industries". FleetPhoto.ru. Archived from the original on 2024-03-18. Retrieved 2024-04-03.
  5. ^ "Corporate History – Evergreen Steel Corp". Archived from the original on 2024-04-03. Retrieved 2024-04-03.
    "沿革發展 – 長榮鋼鐵股份有限公司" (in Chinese). Archived from the original on 2024-04-03. Retrieved 2024-04-03.
  6. ^ "Mainland Chinese urged to boycott Taiwanese hotel chain that refused to fly flag". South China Morning Post. 2024-08-16. Retrieved 2024-08-24.
  7. ^ "Evergreen apologizes over Chinese flag furor at Paris hotel - Focus Taiwan". Focus Taiwan - CNA English News. 2024-08-15. Retrieved 2024-08-24.
  8. ^ a b "Taiwan's EGAT announces management reshuffle". www.flightglobal.com. Flight Global. Retrieved 7 January 2020.
  9. ^ Mo, Yan-chih. "KMT headquarters sold for NT$2.3bn." Taipei Times. Thursday March 23, 2006. Page 1. Retrieved on September 29, 2009.
  10. ^ "Taiwan shipping giant buys 10 ships from Samsung". AFP. 2010-07-02. Archived from the original on January 25, 2013. Retrieved 2010-07-03.
  11. ^ "Taiwan's Evergreen buys 10 vessels from CSBC". AFP. 2010-07-12. Archived from the original on July 15, 2010. Retrieved 2010-07-12.
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