|Aug 18, 2017|
|Aug 18, 2017|
Currency in TWD
|Full time employees:||--|
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.
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
Environmental regulations by Beijing squeeze production.
August 19, 2017 4:50 am JST
Island's economic dependence on China little changed
July 13, 2017 11:13 am JST
Taiwan's largest industrial group posts big drop in April-June profit
July 10, 2017 11:01 pm JST
Japanese polyvinyl chloride makers could face headwind to pass-through rising costs
May 31, 2017 4:41 pm JST
May 31, 2017 12:26 pm JST
Taiwanese company back on track after wastewater woes
May 31, 2017 2:36 am JST
Taiwanese DRAM maker warns of mainland rivals poaching personnel
May 26, 2017 11:56 pm JST
- Local currency
- US Dollar
|Income before tax||15,189.48M|
|Dividends per share||4.6|
|Operating cash flow||36,606.27M|
Currency in TWD
|Income before tax||470.97M|
|Dividends per share||0.14|
|Operating cash flow||1,135.04M|
Currency in USD
- 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
- 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.(2.5%)
- Formosa Petrochemical Corp.(2.0%)
- Nan Shan Life Insurance Co., Ltd.(1.7%)
- GIC Pte Ltd. (Investment Management)(1.6%)
- Website: http://www.fpc.com.tw
- Address: 4/F, 201 Tung Hwa North Road, Qianzhen District, Taipei, 105, Taiwan
- Phone: +886.2.2712.2211
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.