Asia300

Formosa Plastics Corp.

Taiwan

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 23, 2018
Prev close: 104
Feb 23, 2018
Market cap:
Market cap(USD):
662,037.06M
22,615.18M
Shares: 6,365.74M

Currency in TWD

Company profile

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

Business summary

Formosa Plastics Corp. engages in the manufacture and sale of intermediate raw materials for plastics, Its products include polyvinyl chloride (PVC), high-density polyethylene (HDPE), Low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), polyethylene (PE) wax, polypropylene (PP), polyoxymethylene (POM), masterbatch, liquid caustic soda, liquid chlorine, VCM, EDC, acrylonitrile, acetonitrile, methyl methacrylate, methacrylic acid, epichlorohydrin, methyl tert-butyl ether (MTBE), acrylic acid & esters, carbon fiber, sodium hypochlorite, chlorinated solvent, hydrogen, lithium-ion battery electrolyte, calcium carbonate, distributed control systems (DCS) system, warehouse management system (WMS), and learning management system (LMS), Its products are used in packaging materials, bottle, articles of clothing, toy dolls, medical materials, sports equipment, sporting goods, auto parts, generation timber, motor parts, wire and cable, ships aerospace, paint coating, chemical building materials, waterproof insulation, furniture furnishings, tool parts, 3C parts coated, 3C shell timber,masterbatch pigment, additives, clean bleach, civil farm animals film with a bag, bottle box barrel, and dry water retention. 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 180,173.19M
Gross profit 23,910.38M
Operating income 12,994.52M
Income before tax 15,189.48M
Net income 39,392.54M
EBITDA 21,957.51M
Diluted EPS 6.19
Dividends per share 4.6
Total assets 455,666.07M
Total liabilities 142,595.58M
Total equity 313,070.48M
Operating cash flow 36,606.27M

Currency in TWD

Revenue 5,586.62M
Gross profit 741.38M
Operating income 402.92M
Income before tax 470.97M
Net income 1,221.44M
EBITDA 680.83M
Diluted EPS 0.19
Dividends per share 0.14
Total assets 14,138.38M
Total liabilities 4,424.44M
Total equity 9,713.93M
Operating cash flow 1,135.04M

Currency in USD

Valuation measures

Dec 2016

PER 14.41
ROA 8.96%
ROE 13.11%
Operating margin 7.21%
Profit margin 21.86%

Key executive

  • Chairman & General Manager: Chien Nan Lin
  • Head-Finance: Chen Hsiao Lei
  • Deputy General Manager: Kuang Ming Chen
  • Deputy General Manager: Chien Shan Yang
  • Deputy General Manager: Tien Hsiang Li

Share holders

  • Chang Gung Medical Foundation(9.4%)
  • Formosa Chemicals & Fibre Corp.(7.6%)
  • Nan Ya Plastics Corp.(4.6%)
  • The Vanguard Group, Inc.(2.6%)
  • Formosa Petrochemical Corp.(2.0%)
  • BlackRock Fund Advisors(1.6%)
  • Norges Bank Investment Management(0.9%)
  • WANG WEN YUAN(0.7%)
  • HO MIN TING(0.4%)
  • BlackRock Advisors (UK) Ltd.(0.4%)

Address

  • Website: http://www.fpc.com.tw
  • Address: 4th Floor, No. 201 Tung Hwa North Road, Taipei, 105 08, Taiwan
  • Phone: +886.2.2712.2211

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