The privatized TTC stock under the policy of “Land to the tiller” Year:1960
The predecessor of Taiwan Tea Corporation was the Japanese company “Mitsui & Co., Ltd.”, and it was well-known for its product “Nittoh Black Tea”. The company was reorganized to Taiwan Tea Corporation, tea business branch, and setup Taipei refining factory, Wenshan district tea plantation, Yuchih township tea plantation, etc., totally eight tea plantations. Since the government enforced the “land to the tiller” policy in 1954, the company was privatized. was the largest tea factory in south-east Asia. TTC owned thousands of acres tea plantation at mountain slopes, complete machinery for tea making factory and professional tea making technicians. With good foundation and specialty on management of tea plantations, making different types of tea and sales, TTC had great contributions to the early Taiwan’s economy.