Formosa Plastics Corp.


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Mar 24, 2017
Prev close: 92.9
Mar 24, 2017
Market cap:
Market cap(USD):
Shares: 6,365.74M

Currency in TWD

Company profile

Market(Ticker): TAI(1301)
Process Industries
Chemicals: Specialty
Full time employees: --

Business summary

Formosa Plastics Corp. engages in the manufacture of plastic materials, chemical fibers, and petrochemical industrial related products. Its products include PVC resins, liquid caustic soda, flake caustic soda, liquid chlorine, hydrolic acid, vinyl chloride monomer, plastics modifiers, hydro-chlorofluorocarbons, high density polyethylene, ethylene vinyl acetate copolymer, linear low density polyethylene, carbon fibers, acrylic acids and esters, super absorbent polymer, precipitated calcium carbonate, colloidal calcium carbonate, and nano calcium carbonate. The company was founded on November 5, 1954 and is headquartered in Taipei, Taiwan.

Company background

Founded in 1954 by the late tycoon Wang Yung-ching with financial aid from the U.S. government, Formosa Plastics is the flagship company of Formosa Plastics Group, one of Taiwan's largest family-controlled conglomerates, with business interests in a wide range of sectors, including plastics, chemicals, electronics components, healthcare and education.

Formosa Plastics is Taiwan's biggest petrochemical company by market cap and a global leader in the polyvinyl chloride, or PVC, sector. The company makes and sells PVC resin, chemical and fiber products.

Since Wang passed away, his family has gradually reduced their involvement in the group's day-to-day decisions by bringing in external managers or allowing non-family executives to oversee the conglomerate's operations. The Wangs still maintain a controlling stake in the group.

The current chairman is Jason Lin, a longtime company employee who rose through the ranks. Lin joined Formosa Plastics in 1967, but left the company in 1987 and rejoined in 1999. He has a master's degree from Wageningen University in the Netherlands.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 180,100M
Gross profit --
Operating income --
Income before tax 43,500M
Net income --
Diluted EPS --
Dividends per share 0
Total assets --
Total liabilities --
Total equity --
Operating cash flow --

Currency in TWD

Revenue 5,584.35M
Gross profit --
Operating income --
Income before tax 1,348.80M
Net income --
Diluted EPS --
Dividends per share 0
Total assets --
Total liabilities --
Total equity --
Operating cash flow --

Currency in USD

Valuation measures

Dec 2016

PER 14.45
ROA --
ROE --
Operating margin --
Profit margin --

Key executive

  • Chairman & General Manager: Chien Nan Lin
  • Head-Finance: Chen Hsiao Lei
  • Managing Director: Jui Hua Wang
  • Managing Director: Wen Chao Wang
  • Managing Director: Wen Yuan Wang

Share holders

  • Chang Gung Medical Foundation(9.4%)
  • Formosa Chemicals & Fibre Corp.(7.6%)
  • Nan Ya Plastics Corp.(4.6%)
  • WANG YUNG TSAI(4.4%)
  • Everred Corp., Inc.(4.1%)
  • Landmark Capital Holdings, Inc.(3.0%)
  • The Vanguard Group, Inc.(2.4%)
  • Formosa Petrochemical Corp.(2.0%)
  • Nan Shan Life Insurance Co., Ltd.(1.7%)
  • GIC Pte Ltd. (Investment Management)(1.6%)


  • Website:
  • Address: 4/F, 201 Tung Hwa North Road, Qianzhen District, Taipei, 105, Taiwan
  • Phone: +886.2.2712.2211

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