FORMOSA CHEMICALS & FIBRE Business Summary

Formosa Chemicals & Fibre Corp (FCFC) operates a vertically integrated business model, generating revenue primarily through the large-scale manufacture and global distribution of petrochemicals, plastic resins, and synthetic fibers. The company’s operations are divided into three core segments: Petrochemicals, producing aromatics such as benzene, paraxylene (PX), and styrene monomer (SM); Plastics, specializing in high-volume resins including ABS, polystyrene (PS), and polypropylene (PP); and Fibers, which manufactures rayon staple fiber and nylon filaments. Additionally, FCFC leverages its industrial infrastructure to generate secondary revenue from utility sales, including electricity and steam. Within the global materials market, FCFC maintains a dominant position as one of the world’s largest producers of ABS and aromatics, competing directly with major regional and global peers such as Formosa Plastics Corp, Nan Ya Plastics Corp, USI Corp, and Lotte Chemical. Founded in 1965 by legendary industrialists Wang Yung-ching and Wang Yung-tsai, FCFC remains a cornerstone of the Formosa Plastics Group (FPG) and is currently led by Chairman Fu-Yuan Hong and President Wen Chìn Lu. Both Hong and Lu are seasoned veterans within the conglomerate, possessing extensive backgrounds in chemical engineering and decades of operational experience across FPG’s complex supply chain. The leadership team is supported by a board that includes prominent members of the founding family, such as Ruey-Yu Wang and Walter Wang, ensuring continuity of the group’s "Diligence and Frugality" management philosophy. Notable institutional influence is maintained through cross-shareholdings with sister companies like Formosa Petrochemical and Nan Ya Plastics, reinforcing the company’s stability and strategic alignment within the broader FPG ecosystem.