Company Profile For Formosa Plastics Corp

Formosa Plastics Corp (1301.TW) (Taiwan Stock Exchange)

sector: Basic Materials · industry: Chemicals - Commodity ·

As of 7:36am IST

65.80TWD

Price Change

-0.30

Percent Change

-0.45%

Analyst Recommendations

Overview

Formosa Plastics Corporation is a Taiwan-based company primarily engaged in manufacture and sale of plastic products. The Company operates its businesses through Plastics Division, which provides polyvinyl chloride (PVC) power and liquid soda; Polyolefin Division, which offers high-density polyethylene (PE), polyvinyl acetate, low-density PE and linear low-density PE; Polypropylene Division, which provides polypropylene products; Tairylan Division, which offers acrylic staple fibers, acrylic ester and carbon fibers; Chemicals Division, which provides acrylonitrile, methyl tert-butyl ether, methacrylic ester and epoxy chloropropane; Calcium Carbide Division, which offers calcium carbonates and calcium carbides, as well as Engineering and Construction Division, which provides water, electricity and steam. It distributes its products in domestic and overseas markets.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Formosa Plastics Corporation's revenues decreased 23% to NT$128.87B. Net income for the period decreased 42% to NT$19.83B. Total revenues reflect lower sales volume due to decreased market demand for the Company's products. The Company's net income also suffered from lower interest income, equity investment income and dividend income compared with the corresponding period last year.