 Following Japan's defeat in World War II, the Republic of China authorities established Taiwan Machinery and Shipbuilding Company by merging the existing Taiwan Dockyard Corporation with Taiwan Steel Works and Tōkō Kōgyō Corporation.Two years later, in 1948, the company split into two state-owned companies called Taiwan Machinery Corporation and Taiwan Shipbuilding Corporation (TSBC).China Shipbuilding Corporation (CSBC) was founded in 1973 and reverted to a government-owned company in 1977.