Formosa Plastics Corporation
| Traded as | : 1301 |
|---|---|
| Industry | Chemicals |
| Founded | 1954 |
| Headquarters | Kaohsiung City, Taiwan |
|
Key people
|
Lee Chih-tsuen (李志村) (President) |
| Products | PVC (Polyvinyl Chloride) resins, high density polyethylene, tairylan acrylic fiber, acrylic acid and ester, carbon fiber, caustic soda, PVC modifier, calcium carbonate |
| Total assets |
 US$13.37 billion |
|
Number of employees
|
10,000 |
| Website |
www |
Formosa Plastics Corporation (Chinese: 台灣塑膠公司; literally: "Taiwan Plastics Company") (: 1301) is a Taiwanese plastics company based in Taiwan (formerly called "Formosa") that primarily produces polyvinyl chloride (PVC) resins and other intermediate plastic products. It is the corporation around which influential businessman Wang Yung-ching formed the Formosa Plastics Group, and it remains central to the Group's petrochemical operations. The president of Formosa Plastics Corp. (FPC) is Lee Chih-tsuen (李志村).
Formosa Plastics Corporation was the world's fifth largest chemical company by sales in 2015. In 2016, the company was ranked No. 861 on the Forbes Global 2000 list of largest public companies in the world.
The company was founded in 1954, with a US$798,000 loan from United States aid agencies. The first PVC plant was constructed in Kaohsiung and production began in 1957. As of 2005, FPC is the largest producer of PVC resins in Taiwan. When FPC's American operations are also considered, the company's total PVC resin capacity is 2.83 million metric tons per year, the second highest in the world after Shin-Etsu Chemical, which has 3.55 million metric tons per year as of May 2010 (expanding to 3.85 million metric tons per year by the end of 2010).
FPC maintains numerous subsidiaries throughout Taiwan, jointly held with other members of the Formosa Plastics Group. In addition, Formosa Plastics Corporation, USA was founded in 1978 as a wholly owned subsidiary of FPC. That subsidiary has, in turn, created four wholly owned chemical manufacturing subsidiaries in Delaware City, Delaware, Illiopolis, Illinois, Baton Rouge, Louisiana, and Point Comfort, Texas.
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