The ETG Companies: Chronology

ETG Chronology

1890-1940s

Prior to 1941, the Chen family develops railways, ocean shipping, telegraph and banking systems for the industrialization of China.

1941: ETG founder Dr. C.Y. Chen emigrates to the United States from China.

1950s

1954: Dr. Chen purchases Marine Transport Lines, Inc. with Robert Anderson (a United States Secretary of the Treasury) and Charles Wilson (a U.S. Secretary of Defense).

1960s

MTL acquires American Steamship Co. to become world's fifth largest shipping company, considers merger with Aristotle Onassis.

1970s

The Chen family sells MTL, forms Energy Transportation Group, Inc. to specialize in global LNG project development and transport.

ETG establishes China Shipbuilding Corporation (the Taiwanese state shipyard) as a service for the Government of Taiwan.

ETG creates and finances a US $1B fleet for long-term shipment of LNG from Indonesia to Japan (18% of all LNG worldwide). Other Asian countries are also served.

1980s

Diversification into industrial controls, electronics, software and biotechnology through acquisitions and formation of new companies and joint ventures.

ETG companies develop essential new intellectual property in biomedical devices, artificial intelligence, signal processing, and other fields.

Expansion into financial services, information services, data communications, commercial real estate, and other sectors.

1990s

1994: Death of Dr. C.Y. Chen.

ETG's globalization accelerates. Examples include

ETG's Energy Pakistan develops national power barge projects;
ETG's Black Sea LPG Romania, an ETG-government JV, develops Romanian LPG/LNG import terminal and distribution network;
ETG's ChinaGas JV with UGI Corp. enters Chinese LPG distribution market;
ETG's Cerra Energy develops energy transport infrastructure for Turkey.

ETG companies develop essential new intellectual property in remote asset control and coordination, wireless communications, data messaging, and market-wide electricity management.

Partial sale of original $1B fleet.

2000s

Development of further partnerships, investments and joint ventures in the high technology, national security, food/beverage and electric utility markets in North America and the EU and the shipping, energy, and commodities sectors in Asia.

Sale of Biolectron unit to EBI for approximately $100MM.

Ownership of the ETG family of companies consolidated by Kimball C. Chen, son of Dr. C. Y. Chen.