We established in 1992 in Kaohsiung, Taiwan and started with our steel trading activities on those early days. We come from Taiwan a rich cultural and heritage land, when we do, we continue to build on our success today and for tomorrow. Across our global operations, we are committed to working in ways that are true to Our Welhunt Charter values of Sustainability, Integrity, Respect, Honesty, and Accountability.
Today, the global commodity trading is central core of our company and we are working with our modern and advance ability to lay off or take on risk. Against an environment of volatile market for many core commodities across the board from food to industrial materials, the industry is on the verge of substantial change over the coming years. The market is witnessing through eroding margins as competitive intensity, information transparency, and the capital requirements of the business all on the rise.
Welhunt has well acknowledged the market background and trend to confront any situation proactively, addressing our imperatives. We have put cost control and efficiency of our businesses on the top agenda through developments of mid to long term company strategy that include substantial investment in differentiating upstream and downstream assets in core and new geographies that allows us to control and utilize our cost efficiency management of commodities that we trade. Today we own and operate production and processing assets from agricultural to metal industries and this provides our foundation and access to trade better all related commodities in a modern and advance way.