GRECO

What GRECO does

GRECO (Great Eastern Resins Industrial Co. Ltd. / 大東樹脂化學股份有限公司) is a Taiwan-headquartered specialty chemicals manufacturer founded in 1955 as Taiwan's first footwear adhesive producer and now operating 15+ wholly-owned manufacturing and sales subsidiaries across Taiwan, China, Vietnam, the Philippines, Cambodia, and India. The company produces four core product lines: (1) industrial adhesives — water-based polyurethane adhesives (commercialized for over 17 years), spray adhesives, lamination adhesives, construction adhesives, and SH Silent soundproofing products; (2) plastic raw materials — ISOTHANE TPU resins including bio-based and expanded-TPU foam bead variants, ABS, PC/ABS, ASA, SAN, and composite materials; (3) dry film photoresist manufactured in Class 1000 clean rooms under a DuPont joint venture for PCB applications; and (4) specialty chemicals including ISOPAK long-fiber-reinforced thermoplastics (LFRT), PUR reactive hot melt adhesives, liquid photoresists, fiber glass sizing agents, 2-K bio-based casting PU resins, and liquid wax for semiconductor wafer processing.

The business operates an enterprise field-sales model with direct technical sales teams and regional offices, targeting B2B customers in footwear, automotive, electronics, lamination, construction, and sports equipment. Revenue is generated through one-time product sales with quote-based pricing and minimum-order quantities (e.g., 20 kg/bucket for PU adhesives, 25 kg/package for LFRT). Named customers include Nike, Adidas, Puma, Asics, Converse, Skechers, Jordan, and FILA for footwear materials; DuPont distributes GRECO's dry film photoresist in Taiwan, Shenzhen, and Shanghai under a JV established in 1997. The company's competitive positioning rests on proprietary water-based PU and bio-based TPU chemistry, a 70+ year operational track record, and a distributed Asian manufacturing footprint co-located with major footwear and electronics OEM clusters.

Name

GRECO

Legal name

Great Eastern Resins Industrial Co. Ltd.

Website

https://grecoresin.com

Company type

Private

Founded year

1955

Operating status

Operating

Headcount range

1–10 employees

Short description

GRECO (Great Eastern Resins Industrial Co. Ltd.) is a Taiwan-founded specialty chemicals manufacturer (est. 1955) producing industrial adhesives, TPU resins, dry film photoresist, and LFRT composites for footwear, automotive, electronics, and construction OEMs across Asia.

Ownership category

akta.pro rank

Product category

Industrial Adhesives

NAICS

Adhesive Manufacturing (32552), Plastics Material and Resin Manufacturing (325211), Urethane and Other Foam Product (except Polystyrene) Manufacturing (32615), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Adhesives & Sealants (2891), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastics Foam Products (3086)

akta.pro primary industry

Adhesives (Structural & Assembly) (IMAEAGAH)

akta.pro secondary industries

Coating & Adhesive Raw Materials (Resins, Additives, Solvents) (IMAEAGAK), Plastic Resin & Polymer Manufacturing (IMANAOAA), Polyurethane (PU) Rigid Foam Manufacturing (IMANAIAD), Tapes, Labels & Pressure-Sensitive Adhesives (IMAEAGAJ)

Keywords

• Industrial adhesives
• TPU resin manufacturing
• Dry film photoresist
• Engineering plastics
• Specialty chemicals

Headquarters

HQ city

Taichung

HQ country

Taiwan

HQ region

Asia

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Adhesives: Sale of industrial adhesives including water-based PU adhesives, spray adhesives, lamination adhesives, and construction adhesives for footwear, automotive, furniture, and construction industries.
2. Plastic Raw Materials: Sale of TPU resins, ABS, PC/ABS, ETPU, ASA, SAN, and composite materials to manufacturing customers across various industries.
3. Dry Film Photoresist: Electronic chemicals for PCB manufacturing. Products sold through DuPont distribution partnership.
4. Specialty Chemicals: Long-fiber reinforced thermoplastics (LFRT), liquid photoresists, reactive hot melt polyurethane adhesives (PUR), fiber glass sizing agents, 2-K casting PU bio-resins, liquid wax for semiconductor applications.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

GRECO manufactures and sells industrial adhesives (water-based and solvent-based polyurethane, spray, construction, and lamination adhesives), engineering plastic raw materials (TPU resins, ETPU foam, Bio TPU, ABS, PC/ABS, ASA, SAN), dry film photoresist for PCB manufacturing, and specialty chemicals (LFRT composites, liquid photoresist, PUR hot melt adhesives, fiberglass sizing, bio-based PU casting resins, and liquid wax). Products serve footwear, automotive, electronics, construction, and synthetic leather manufacturers across Asia.

Product overview

GRECO (Great Eastern Resins Industrial Co. Ltd.) is Taiwan's leading industrial adhesive and synthetic resin manufacturer, established in 1955. The company operates a multi-category portfolio organized into four main product lines: (1) Adhesive and Relative Adjuvant - including water-based PU adhesives, spray adhesives, construction adhesives, lamination adhesives, and SH Silent soundproofing products; (2) Plastic Raw Materials - featuring ISOTHANE TPU resins, ISOTHANE Bio TPU (bio-based), ISOTHANE ETPU foam beads, PC/ABS blends, ABS resins, ASA, SAN, and ReinForce composite materials; (3) Dry Film Photoresist - manufactured in Class 1000 clean room facilities in partnership with DuPont for PCB applications; and (4) Specialty Chemicals - including ISOPAK LFRT long-fiber composites, liquid photoresists, PUR hot melt adhesives, fiber glass sizing agents, bio-based 2-K casting PU resins, water-based PU resins for synthetic leather, and liquid wax products. The company is known for pioneering water-based adhesive technology with over 17 years of commercialization history and serves major global brands including NIKE, ADIDAS, ASICS, PUMA, CONVERSE, and SKECHERS.

Differentiator

Problem solved

Functional benefit

Brands

• ISOTHANE: TPU resin brand including Bio TPU, ETPU foam beads, and various TPU product lines
• ISOPAK
• ISOSAN
• Chih Mao Welfare and Charity Foundation

Products and services

• Industrial Adhesives Industrial adhesives including water-based polyurethane, solvent-based, spray, construction, lamination, and synthetic leather adhesives for footwear, furniture, building, and lamination industries.
• ISOTHANE TPU Resin High-performance thermoplastic polyurethane elastomer with bio-compatibility, high toughness, and abrasion resistance; available in aromatic and aliphatic types, including polyester, polyether, and specialty grades for industrial manufacturers.
• ISOTHANE ETPU Foam Beads Ultra-elastic, ultra-light TPU foam material with rebound rate up to 63%, density 100-200 kg/m3, and low-temperature resistance down to -25°C; used in footwear midsoles, sports equipment, and bicycle seats.
• ISOTHANE Bio TPU Bio-based thermoplastic polyurethane with 25-60% plant-based content from corn and castor oil; reduces CO2 emissions by approximately 50% versus petroleum-based TPU and is GRS applicable.
• ABS Resins Acrylonitrile-butadiene-styrene resins with impact resistance and high gloss; available in general purpose, high impact, high flow, flame retardant, plating, extrusion, and transparent grades, compliant with EU REACH.
• PC/ABS Blends Engineering plastic blends combining polycarbonate and ABS with mechanical strength, heat resistance, and transparency; compliant with EU REACH.
• ISOPAK ASA Resins Acrylonitrile styrene acrylate resins with excellent weathering and impact resistance for outdoor applications.
• ISOSAN SAN Resins Styrene-acrylonitrile copolymer resins for general purpose applications with good chemical resistance and processability.
• Dry Film Photoresist Photoresist materials for PCB manufacturing produced in Class 1000 clean room facilities; sold via DuPont distribution partnership for advanced circuit board applications.
• ISOPAK LFRT Long Fiber Reinforced Thermoplastic Thermoplastic composites with fiber lengths exceeding 6mm; provide metal-replacement solutions with high mechanical strength, impact resistance, and dimensional stability for automotive, hand tools, and sports equipment.
• Liquid Photoresist Wet film photoresists for PCB circuit imaging with high sensitivity and resolution; suitable for fine-line PCB production, dip coating, and laser exposure applications.
• PUR Reactive Hot Melt Polyurethane Adhesive Moisture-curing reactive polyurethane hot melt adhesive without solvent VOC for electronics assembly applications including displays, TVs, phones, and tablets; USDA BioPreferred certified.
• Fiber Glass Sizing Agents Water-based PU resins for fiberglass bundling, leather and fabric coating, and surface treatment applications.
• 2-K Casting PU Bio Resins Bio-based polyurethane casting resins from natural polyols for electronic encapsulation, water filtration equipment sealing, air filter frame adhesives, and various casting, filling, and sealing applications.
• Water-Based PU Resin for Synthetic Leather Water-based polyurethane resins for synthetic leather surface and bonding layers; applied in sports shoes, children's toys, automotive leather, and sofa leather with wet and dry lamination options.
• Liquid Wax Synthetic resin-based liquid adhesive wax for temporary bonding in polishing, grinding, chip thinning, and cutting processes; water-soluble with easy cleaning, used in silicon wafer and compound semiconductor applications.
• SH Silent Soundproofing Products Soundproofing and vibration damping products using nano-synthesis technology for low-frequency noise suppression; includes high-gloss paint, insulating paint, emulsion, and membrane products for automotive, construction, and equipment applications.

Quantifiable outcome

• 50% CO2 emission reduction with Bio TPU containing 50% biomass content compared to petroleum-based TPU
• +3 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• DuPontcoreStrategic or Co-development Partner · 1 January 1997Joint venture partnership established in 1997 for dry film photoresist development and manufacturing. DuPont handles sales and distribution of GRECO dry film photoresist products in Taiwan, Shenzhen, and Shanghai markets. The partnership combines GRECO's manufacturing capabilities with DuPont's distribution network in the electronics industry.
• DuPontcoreStrategic or Co-development PartnerDuPont-GRECO joint venture established for dry film photoresist business. Strategic alliance involving technology collaboration and market development in the electronics chemicals sector.
• DuPontcoreStrategic or Co-development PartnerIn 2010, GRECO Taiwan received DuPont Asia Pacific 'Safety Management Excellent Supplier' award (1st place) and Kunshan operations received 2nd place recognition.
• AdidasflagshipStrategic or Co-development PartnerLong-term partnership for footwear materials including FACT Division 1 certification, TLSP (Tier 2 Lab Set Up Program) certification, and ETPU Boost series product certification. GRECO supplies water-based adhesives and ETPU materials for Adidas footwear products.
• NikeflagshipStrategic or Co-development PartnerStrategic supplier for Nike with Nike Water Program Blue Label certification (5/5 score) for Vietnam operations in 2012 and Nike Chemical Team supplier evaluation score of 91.7/100 for Taiwan operations. Supplies water-based PU adhesives for Nike footwear.
• Gan-Lin Social Welfare FoundationminorOthersCharitable partnership for food delivery and welfare services. GRECO has cooperated with Gan-Lin since 2009 for social welfare activities.
• Chih Mao Welfare and Charity FoundationcoreOthersCorporate foundation established by GRECO founder Teng-Mao Liao and his wife Chieh-Chih Liao-Lin in 2008. Focuses on improving living quality of disadvantaged groups through social welfare events, charity business, and medical research donations.
• Feng Tay EnterpriseminorGTM or Marketing PartnerIndustrial waste reduction and industrial safety collaboration. Recognized for outstanding performance in 2000.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks5 records

Customer concentration

• Facebookfacebook.com/GreatEasternResins

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GRECO