FORMOSA PLASTICS Business Summary

Formosa Plastics Corp (FPC) operates as a vertically integrated manufacturer of petrochemicals and plastic resins, generating revenue primarily through the high-volume sale of commodity chemicals to industrial manufacturers globally. The company’s business is organized into several core divisions: Plastics (PVC resins and caustic soda), Polyolefins (PE and EVA), Polypropylene, and Tairylan (acrylic fibers and carbon fibers). FPC leverages a cost-efficient, integrated supply chain through its partnership with Formosa Petrochemical to maintain competitive margins in cyclical markets. Its primary global competitors include Dow Inc., LyondellBasell, Westlake Corporation, and LG Chem. Within this landscape, FPC distinguishes itself as one of the world's largest producers of PVC resins, maintaining a dominant market share in the Asia-Pacific region while operating significant production facilities in the United States to capture low-cost feedstock advantages. Founded in 1954 by brothers Wang Yung-ching and Wang Yung-tsai, the company is the flagship of the Formosa Plastics Group, governed by a professional management structure that balances family legacy with institutional oversight. As of February 2026, the leadership team is headed by Chairman Kuo Wen-pen (Wen-Bee Kuo), a veteran executive who rose through the ranks of the company’s production divisions. The broader conglomerate is led by Group Chairman William Wong (Wang Wen-yuan), with Wu Chia-chau serving as Group President. Executive strategy is heavily influenced by the Group’s Executive Management Committee, which includes key members of the founding Wang family, such as Sandy Wang (Wang Jui-hua). The company is publicly traded on the Taiwan Stock Exchange and maintains a stable investor base comprised of major institutional funds and the Wang family’s various investment vehicles, ensuring long-term capital stability.