Formosa Plastics
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Formosa Plastics Corporation (Ch: 台灣塑膠公司) is a Taiwanese company that primarily produces polyvinyl chloride (PVC) resins and other intermediate plastic products. It is the corporation around which the Formosa Plastics Group was formed, and it remains central to the Group's petrochemical operations. The president of Formosa Plastics Corp. (FPC) is Lee Chih-tsuen (李志村).
The company was founded in 1954, with a $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 highest in the world.
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.
External Links and References
- Company website (http://www.fpc.com.tw/enfpc/suba1-1.htm)
- Company website for Formosa Plastics Corp., USA (http://www.fpcusa.com/)
- FPG official chronology (http://www.fpg.com.tw/html/fpg_cultural/history/history_eng.htm)