Formosa Chemicals & Fibre Corporation is a core member of Taiwan's Formosa Plastics Group, established in 1965, producing petrochemicals, plastics, and synthetic fibers. Listed on the Taiwan Stock Exchange (ticker: 1326), FCFC operates as a vertically integrated manufacturer spanning upstream monomers to downstream polymer production.
Business Segments
Petrochemicals (58.1% of revenue, NT$202.4 billion in 2024):
- Aromatics: Benzene, paraxylene (PX), orthoxylene (OX), metaxylene
- Styrenic intermediates: Styrene monomer (SM), phenol, acetone
- Polyester intermediates: Purified terephthalic acid (PTA), purified isophthalic acid (PIA)
Plastics Division (23.4% of revenue, NT$81.5 billion in 2024):
- Engineering resins: ABS, polystyrene (PS), polypropylene (PP - 510,000 t/y at Mailiao), polycarbonate (PC), PC/ABS alloy, ASA resin
- Modified and compounded plastics including post-consumer recycled materials
Fibers & Textiles (12.4% of revenue in 2024):
- Rayon staple fibers, nylon filament, synthetic yarns
- Technical fabrics through Formosa Taffeta subsidiary
Operations
FCFC operates five manufacturing sites in Taiwan (Changhua headquarters, Mailiao, Xingang, Longde, Yilan) plus international facilities including Ningbo PTA-6 plant in China. The company reported consolidated revenue of NT$348.6 billion in 2024, a 4.8% increase over 2023.