Formosa Chemicals Fibre Corporation

Formosa Chemicals & Fibre Corp (FCFC), a subsidiary of Formosa Plastics Group (FPG), is a manufacturer of chemicals, fibers, and petrochemical and plastic materials. Its product portfolio includes purified terephthalic acid, butadiene, benzene, para-xylene, ortho-xylene, styrene monomer, polystyrene, resins, rayon staple fiber, nylon fiber and yarn products. The company’s products find application in paint, engineering plastics, refrigerators, pipe fittings, plates, fabrics, industrial equipment, clothing accessories, packaging materials, lighting devices and medical markets. FCFC also carries out spinning, weaving, dyeing and finishing. The company provides engineering and construction services for diverse sectors including oil refineries, electric power plants, synthetic fiber plants, petrochemical plants, and textile spinning and weaving plants. FCFC is headquartered in Taipei, Taiwan.The company reported revenues of (Taiwanese Dollars) TWD365,812.1 million for the fiscal year ended December 2021 (FY2021), an increase of 44.4% over FY2020. In FY2021, the company’s operating margin was 9.4%, compared to an operating margin of 6% in FY2020. In FY2021, the company recorded a net margin of 10.5%, compared to a net margin of 7.7% in FY2020. The company reported revenues of TWD107,791.2 million for the second quarter ended June 2022, an increase of 13% over the previous quarter.