Ting Tsung Chao
The Chao Group
Inducted 2011
Born in Suzhou, China in 1921, Ting Tsung Chao was a global visionary and a pioneering leader in the petrochemical and plastics industries in China, Taiwan, Southeast Asia, the United States and Canada. Known throughout the world as a successful entrepreneur and a generous philanthropist, he brought many polymers to Taiwan for the first time and built a conglomerate of diverse chemical businesses.
After graduating from Shanghai University with a degree in Industrial Management, Chao began a career in the railroad industry. After World War II, he moved from China to Taiwan and started working in the construction field. In 1953, Chao built the first polyvinyl chloride (PVC) plant in Taiwan. When the plant officially began production in 1957, it helped propel Taiwan’s economic development.
In 1964, Chao formed The Chao Group, a privately held petrochemical and plastics manufacturing and marketing conglomerate which held many important business alliances with companies such as Gulf Oil Corporation, Mobil Oil Corporation, Sumitomo Corporation and many more. Chao’s joint venture with Mattel in 1966 produced the first Barbie dolls.
Known as “T.T.” by his friends and colleagues, Chao founded several successful plastics and chemical companies, including: Westlake Chemical Corporation (1986), a leading manufacturer and marketer of olefins and vinyl products; Titans Chemical Corporation (1988), the first and largest petrochemical company in Malaysia; and Suzhou Huasu Plastics Co. Ltd (1992), a joint venture with Norsk Hydro that produces PVBC resins and films.
The recipient of many honors and awards, Chao received the Petrochemical Heritage Award from the Chemical Heritage Foundation and Founders Club “in recognition of his pioneering role in the Asian plastics industry, his over 50 years of entrepreneurship and innovation, and his contributions to the worldwide development of the petrochemical industry and the betterment of humanity.”
An outstanding philanthropist, Chao contributed generously to the advancement of medicine, healthcare and education in the United States and Asia. He and Wei Fong Chao, his wife of 64 years, established foundations at universities, hospitals and cultural organizations that will continue his commitment well into the future.
Areas of Expertise:
Plastic materials, Business management