Formosa Plastics Corp

Formosa Plastics Corporation engages in the manufacture and sale of plastic raw materials, chemical fibers, and related petrochemical industrial products in Taiwan, China, and internationally. It operates through Plastic, Polyolefin, Polypropylene, Tairylan, Chemical, and Other segments. The company offers plastic raw materials, such as polyvinyl chloride, high-density polyethylene, linear low-density polyethylene, ethylene vinyl acetate copolymer, polyethylene wax, polypropylene, polyacetal, and composite granules; and carbon fiber products. It also provides chemical products, including liquid alkali, solid alkali, liquid and vinyl chlorine, dichloroethane, acrylonitrile, acetonitrile, methyl methacrylate, methacrylic acid, methyl tertiary butyl ether, acrylate, superabsorbent resin, and n-butanol products; and antibacterial superabsorbent resin. In addition, the company offers other materials comprising PEEK carbon fiber composites, processing aids, impact-resistant modifier, Haibo, chlorinated solvents purifying hydrogen, lithium-ion battery electrolyte, lime, calcium carbonate powder, and hydrochloric acid; and programmable automation consisting of process computer DCS system, warehouse logistics control system, RTPMS real-time production management system, safety control system, and LIMS laboratory information management systems. Its products are applied in daily necessities, outdoor sports, mechanical engineering, building materials and coatings, 3C home appliances, civil engineering agriculture and animal husbandry, and other applications. The company was incorporated in 1954 and is based in Kaohsiung, Taiwan.

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Taiwan Stock Market Rally May Stall Amid Global Rate Concerns

The Taiwan stock market may pause its three-session rally on Wednesday after global sentiment turned negative on renewed interest rate worries. The Taiwan Stock Exchange index added 103.56 points, or 0.44 percent, to close at 23,651.27 on Tuesday, bringing its three-day gain to more than 800 points, or 3.4 percent. Wall Street fell sharply, with the Dow dropping 178.20 points, the Nasdaq plummeting 375.30 points, and the S&P 500 sinking 66.35 points, as a jump in Treasury yields to an eight-month high and upbeat U.S. economic data fueled concerns about sticky inflation. Among local shares, Taiwan Semiconductor Manufacturing Company rose 0.44 percent, while Formosa Plastics plummeted 4.69 percent and Nan Ya Plastics plunged 4.16 percent.

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