MIRA
INFORM REPORT
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Report Date : |
03.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
FORMOSA PLASTICS CORP |
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Registered Office : |
RM 201 Formosa Plastics Bldg 201 Tun Hua
North Rd, Sungshan Dist Taipei City 105 |
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Country : |
China |
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Financials (as on) : |
31.12.2007 |
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Date of Incorporation : |
30.10.1954 |
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Com. Reg. No.: |
75708007 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Import of chemicals and machine parts. Manufacture of various types of
chemicals, fabrics and carpets and other related products. Selling to both
domestic and international markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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Maximum Credit Limit : |
USD 30,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
FORMOSA
PLASTICS CORP
RM 201 FORMOSA PLASTICS BLDG 201 TUN HUA
NORTH RD
SUNGSHAN DIST TAIPEI CITY 105, TAIWAN
TEL: 886-2-27122211 FAX: 886-2-27175287
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 30, 1954
REGISTRATION NO. :
75708007
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. CHIH-TSUEN LEE (PRESIDENT)
STAFF STRENGTH :
4,860
CAPITAL :
US$ 1,776,543,944
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 153,400,974,000 (AS OF SEP. 30, 2008)
EQUITIES :
NTD 207,315,477,000 (AS OF SEP. 30, 2008)
PAYMENT :
EXCELLENT
RECOMM. CREDIT RANGE : UP TO
USD 30,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
WELL-KNOWN
EXCHANGE RATE :
TWD 33.51500 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*OTHER LICENSE*
================
License Number : 84896537
Date of Registration : 9 September, 1994
Issuing Authority : Ministry of Economic Affairs
License Number : 84708795
Date of Registration : 7 March, 1994
Issuing Authority : Ministry of Economic Affairs
License Number : 84708802
Date of Registration : 7 March, 1994
Issuing Authority : Ministry of Economic Affairs
*Company History*
================
30 October, 1954 - Constructed
the first PVC plant in Kaohsiung City.
April 1957 - Started
operations with a monthly PVC capacity of 120 metric tons.
1958 -
Set-up NAN YA PLASTICS CORP.
1960 -
Invested in the TUNG SHAN CALCIUM CARBIDE CORP with a monthly capacity of 2,000
metric tons.
1963 -
Expanded the Kaohsiung plant's PVC capacity to 2,100 MT/month.
1964 -
Listed on the Taiwan Stock Exchange market.
1965 -
TUNG SHAN CALCIUM CARBIDE CORP added an electric furnace to increase capacity
to 4,000 MT/month.
-
Established Engineering Section.
- Caustic Soda plant at Chienchen came
on stream. (70 MT/day)
1966 -
Chienchen Caustic Soda plant set up a department to produce DOP.
1967 -
Tairylan plant was built at Chienchen to produce acrylic fiber, with a daily
capacity of 4
metric tons.
1968 -
Increased calcium carbide capacity to 8,500 MT/month.
-
Set up the Kuandu plant to produce acrylic yarn and carpet.
-
20 tanks were added at Chienchen to raise caustic soda capacity to 88 MT/day.
-
Improved production technology to increase Tairylan production capacity to 20
MT/day.
1969 - Set
up a Machinery plant.
-
Took over the CHI HO FIBER CO and changed the name to the Sanhsia plant.
1970 -
Chienchen added a commutator to increase capacity for liquid caustic soda to
100 MT/day.
1971 - Two
new units at Chienchen raised daily output of Tairylan to 55 MT/day.
1972 - PVC
plant at Jenwu started operation, with a capacity of 2,400 MT/month.
- Dyeing and knitting equipment of Kuandu
plant were moved to the Sanhsia plant.
-
Engineering Section was expanded and renamed the Engineering & Construction
Division.
1973 -
Build a PVC plant in Puerto Rico with a monthly capacity of 6,000 MT/month.
-
Capacity of the DOP plant was increased to 2,500 MT/month.
-
Printing equipment was added at the Sanhsia plant.
- Machinery plant was expanded and
moved to the Jenwu plant.
-
Jenwu plant began construction of a Caustic Soda plant with a capacity of 525
MT/day
and a VCM plant with a capacity of 240,000 MT/Y.
1974 -
Capacity of A and B acrylic fiber at Jenwu was increased to 50 MT/day.
1975 -
First VCM plant at Jenwu was completed and came on stream with an annual
production
capacity of 240,000 metric tons.
-
PVC capacity at Jenwu plant was increased to 9,000 MT/month.
-
Construction of Wharf#29 was completed.
-
Caustic Soda plant at Jenwu came on stream (525 MT/day).
-
Machinery plant was restructured into the Machinery Division.
-
A utilities plant with a 246 MT/hour boiler was added.
1976 - Founded Chang Gung Memorial Hospital.
1977 -
Plastics Division phased out the use of calcium carbide in its manufacture of
VCM.
-
Test production of E-process Compound fiber (C series) began at Jenwu plant.
-
A 130M3 PVC reactor at the Jenwu plant increased capacity to 18,000 MT/month.
1978 -
Caustic soda capacity at Chienchen was increased to 105 MT/day.
- Construction of the first phase PVC
plant at Kaohsiung was completed, increasing
production capacity of suspension PVC resin by 1,500 MT/month to a total
of 9,000
MT/month.
- Second phase of VCM plant at Jenwu
constructed, with capacity of 240,000 MT/Y.
-
Tairylan plant at Jenwu successfully developed E-process Compound fiber (D
series).
Chienchen and Jenwu plants totaled 165
MT/day.
1979 -
Tairylan plant at Chienchen was shut down; some equipments were transferred to
Jenwu
plant.
-
Started planning investments in the United States.
-
Two 8,000 KW oil-fired generators were added.
-
Tairylan plant at Jenwu expanded capacity by 30 MT/day (F series).
-
An expansion was added to the PVC plant at Jenwu to produce 100,000 MT/Y of
Mass PVC resin.
1980 -
Machinery Division entered into technical cooperation with the RENK CORP.
- Tairylan plant at Jenwu expanded its
capacity by 30 MT/day.
-
Puerto Rico plant was shut down.
-
Second phase expansion of the VCM plant at Jenwu was completed, increasing the
total
production capacity to 480,000 MT/Y.
-
Caustic Soda plant at Jenwu added four tanks, which increased its capacity to
530 MT/month.
-
Installed a Benson boiler of 180 MT/Hr, a steam generator of 23,500KW, and an
oxygen
plant of 3,667 NM3/Hr.
1981 -
Completion of the 30 MT/day (G series) expansion at the Jenwu Tairylan plant
increased
capacity to 210 MT/day.
-
Second phase expansion of Dispersion PVC resin at Kaohsiung came on stream with
a
monthly capacity of 900 MT.
-
A calcium carbonate plant with capacity of 10,800 MT/month was begun at the
calcium
carbide plant.
-
Printing and garment making operations at Sanhsia were shut down.
-
Expanded the PE (120,000 MT/Y), Utility (120T/H, co-generation 15,800 KW) and
AE
plant (28,500 MT/Y) at Linyuan.
November 1981 - DOP plant was
shut down.
1982 - A
and B series at the Tairylan plant were converted to E-Type, resulting in an
increase of
production capacity to 240 MT/day.
-
FPC USA started operations.
-
100,000 MT/Y Mass PVC resin expansion plant came on stream.
-
Jenwu Caustic Soda plant added an IEM-1 ion-exchange system with capacity of
116
MT/day.
-
10,800 MT/month Calcium Carbonate plant came on stream.
1983 - A
Polyolefin Division was established.
-
Planning began for Phase Three production of VCM at 240,000 MT/Y.
-
Succeeded in developing carbon fiber.
-
Set up the PE processing section.
1984 -
120,000 MT/Y HDPE plant at Linyuan came on stream.
-
Machinery Division signed a cooperative agreement with MURATA CORP of Japan to
manufacture automatic warehousing systems.
-
Build the Research & Development Building at Jenwu.
-
Acrylic Acid and Ester plant came on stream with an annual capacity of 28,500
MT/Y.
1985 - A
chlorofluorcarnbon plant with a capacity of 23,040 MT/Y was completed.
-
Chienchen Caustic Soda plant was shut down.
-
Caustic Soda plant using the IEM-1 process at Jenwu came on stream with a daily
increased of 116 metric tons.
-
VCM plant at Linyuan came on stream; as a result, the total capacity of VCM was
increased to 720,000 MT/Y.
-
A carbon fiber plant with a capacity of 100 MT/Y was constructed.
-
Completed the expansion project of 2EHA (2 Ethyl Hexyl Acrylate).
1986 -
Build the wax plant with an annual capacity of 1,440 metric tons.
-
Build the 300 MT/Y carbon precursor plant.
-
Build the 330 MT/Hr coal boiler.
- Set up the Lungteh Machinery plant.
-
A PVC plant with capacity of 140,000 MT/Y was completed at Linyuan.
-
Planning to invest in the Sixth Naphtha Cracking Project.
-
Expansion of Chemical Wharf#28 was completed.
-
100 MT/Y carbon fiber plant came on stream.
-
Build a MBS plant with a capacity of 12,000 MT/Y at Linyuan.
1987 -
Released the following products: MBS, Non-gloss PVC, High Molecular HDPE,
Rectangular Cross-section Acrylic Fiber, Super Absorbent Polymer,
Precursor for
Carbon Fiber.
-
Taical plant came on stream with a capacity of 400 MT/month.
-
Production of carpet tile began at a capacity of 16,500 M2/month.
-
Build the second phase PVC plant at Linyuan with an annual capacity of 70,000
metric tons.
-
Machinery Division established the Heavy Duty Lifting Equipment Department.
-
300 MT/Y carbon precursor plant came on stream.
-
Tairylan Division build a 30 MT/day special fiber production line (H series).
1988 - A
6,000 MT/month Maerz limestone kiln was installed.
-
Build the Hsinkang plastic processing plant in Chiayi to produce garbage bags
(120MT/
month), shopping bags (140MT/month) and deli bags (40MT/month).
-
Tairylan Division's 30 MT/day special fiber plant came on stream, increasing
capacity to
300 MT/day.
-
Linyuan utility plant added a 200 T/Hr boiler and 49,460 KW co-generator.
-
Expansion of Taical production line (600 MT/M).
-
Installed the BCF-PP and flat fiber production line, the latter having a
capacity of 1,800
MT/Y.
-
Production at the Jenwu Caustic Soda plant was shifted from the mercury process
to the
ion-exchange process, at a capacity of 425 MT/day.
-
completed the second carbon fiber plant with capacity of 130 MT/Y.
-
Jenwu utility plant added two sets of co-generators.
1989 -
Machinery Division set up the Heavy Duty Machine Shop.
-
First phase PVC resin plant at Linyuan came on stream with a capacity of
140,000 MT/Y.
-
Mercury process was shut down. The IEM-2 started operations with a capacity of
425
MT/day.
-
Second Taical production line went into operation with 12,000 MT/Y capacity.
-
Invested USD100 million to establish the FORMOSA PLASTICS CORP, America (FPCA),
building IEM plant (liquid caustic soda 633,000 MT/Y, chlorine 571,000
MT/Y) and EDC
plant (600,000 MT/Y).
-
MBS plant at Linyuan came on stream with a capacity of 12,000 MT/Y.
1990 -
Second phase carbon fiber expansion was completed, increasing the total
capacity to 230
MT/Y.
-
Acrylic Acid and Ester plant was expanded to 75,000 MT/Y.
-
Second phase of PVC facilities at Linyuan was completed, creating a capacity of
70,000
MT/Y.
-
Chlorofluorocarbon plant came on stream with a capacity of 23,040 MT/Y
1991 -
Established FORMOSA HEAVY INDUSTRIES CORP.
-
Constructed the Hsinkang Super Absorbent Polymer plant, with an annual capacity
of
6,000 metric tons.
-
Completed the Hsinkang PE bag plant.
-
Started production of distributed control systems (DCS), with capacity of 18 to
24 systems
per year.
-
Constructed NS-2500 calcium carbonate process with a capacity of 6,000 MT/Y.
-
Two sets of 350 T/Hr boilers and co-generators with 201,400 KW capacity went
into
operation at Jenwu.
- Constructed the
Hsinkang POM plant, with an annual capacity of 20,000 metric tons.
-
200 T/Hr boiler and co-generator with 49,460 KW capacity went into operation at
Linyuan.
1992 - Transferred assets and personnel of the
Machinery Division to Formosa FORMOSA
HEAVY INDUSTRIES CORP.
-
Set up co-generator with 125,900 KW capacity at Jenwu plant.
- DCS installation and testing
facilities went into operation.
-
Started pilot production for CFC substitutes HCFC-141b and 142b.
-
Increased capitalization in FORMOSA PLASTICS CORP, America by USD50 million.
-
Fiber Processing Division was closed.
1992 -
Jointly established FORMOSA PETROCHEMICAL CORP by FORMOSA PLASTIC CORP,
NAN YA PLASTIC CORP and FORMOSA CHEMICALS & FIBRE CORP to plan,
design,
construct and operate a sizeable portion of the huge expansion project
of No. 6 Naphtha
Cracking Project.
- Personnel of Olefin Team-were
transferred to FORMOSA PETROCHEMICAL CORP.
1993 -
Super Absorbent Polymer plant with a capacity of 6,000 MT/Y was completed and
put into
operation at Hsinkang.
- Constructed KS-50 calcium carbonate
equipment with a capacity of 7,500 MT/month.
-
Established MAILIAO HARBOR ADMINISTRATION CORP.
-
Pilot plant for POM, with a capacity of 1,000 MT/Y, went on line at Hsinkang.
5 July, 1993 -
Officially announced the commencement of work on the Sixth Naphtha Cracking
Project
-
Six electrolytic cells added 35,300 MT of annual capacity at the Jenwu Caustic
Soda plant.
1994 -
Began construction on a USD10bn petrochemical complex in Yunlin province that
will
contain 37 plants, including naphtha cracker and oil refinery.
- Carbide plant added a MAERZ
limestone Kiln (9,000 MT/Y).
-
Expansion of the Linyuan PVC plant includes processing aids and acrylic
modifiers (5,760
MT/Y for PA, 1,440 MT/Y for AM and 3,600 MT/Y for MBS).
-
Invested in ASIA PACIFIC INVESTMENT CO.
-
Processed with the second phase expansion of the Super Absorbent Polymer
plant(6,000
MT/Y).
1995 -
Implemented the third stage expansion project for the carbon fiber with annual
capacity
of 500 MT.
-
Addition of one precipitated calcium carbonate plant (3,000 MT/month) and one
set
of U-Cal facility (1,200 MT/month) in the Calcium Carbide plant.
-
Processed with the expansion of the HDPE plant to a 180,000 MT/Y facility.
-
Completed and started production of the POM plant (20,000 MT/Y).
-
Completed the installation of one set of co-generator with 500 T/Hr (125,900
KW)
capacity in Jenwu plant.
-
Completed the second phase Super Absorbent Polymer plant expansion (6,000
MT/Y).
-
Transferred 5% holding of FORMOSA PETROCHEMICAL CORP to FORMOSA
TAFFETA CORP.
-
Invested NTD432 million (24% share holding) to form FORMOSA KOMATSU SILICON
COR with Japan's KOMATSU ELECTRONIC METALS CO LTDand ASIA PACIFIC
INVESTMENT CO.
1996 -
Completed the third stage project for carbon fibers.
-
Completed the expansion project for processing aids and acrylic modifiers in
Linyuan
PVC plant.
-
Invested for the establishment of MAILIAO POWER CORP.
-
Completed the modification project for Linyuan Polyethylene plant to raise the
annual
capacity to 180,000 MT.
-
Invested for the establishment of Formosa MAILIAO MAINTENANCE & ENG CORP
1997 -
Implemented the first stage expansion project for the Carbon Fiber plant in Mailiao
with
an annual capacity of 1,000 MT.
-
Chlorofluorocarbon plant renamed Hydrochlorofluorocarbon plant.
-
Precipitated calcium carbonate plant (3,000 MT/month) and U-Cal facility
(1,200 MT/month) began production.
1998 -
Completed and started production of the Mailiao AA/AE plant (100,000 MT/Y).
- Completed and started production of the
Mailiao PVC plant (420,000 MT/Y).
-
Olefin Team-renamed as Chemicals Division.
-
Invested NTD 200 million (50% share holding) to form FORMOSA ASAHI SPANDEX CO
LTD with Japan's ASAHI CHEMICAL INDUSTRY CO LTD.
-
Completed and started production of the Mailiao HDPE plant (240,000 MT/Y).
1999 - Completed
and started production of the Mailiao Caustic Soda plant (phase I 1,000
MT/day).
-
Completed and started production of the Mailiao VCM plant (600,000 MT/Y).
- Invested NTD50 million (50% share
holding) to form FORMOSA DAIKIN ADVANCED
CHEMICALS CO LTD with Japan's DAIKIN INDUSTRIES LTD
-
Processed with the third phase expansion of the Super Absorbent Polymer plant
(12,000
MT/Y).
-
Processed with the PDP plant (phase I 7,200SETS/Y) in Sanhsia.
2000 -
Completed and started production of the Mailiao Carbon Fiber plant (1,000
MT/Y).
-
Invested for the establishment of FORMOSA PLASTICS MARINE CORP.
-
Completed the third phase Super Absorbent Polymer plant expansion (12,000
MT/Y).
- Completed and started
production of the Mailiao Caustic Soda plant (phase II 500
MT/day).
-
Completed and started production of the Mailiao C4 plant (MTBE 151,000 MT/Y and
B-1
17,000 MT/Y).
-
Completed and started production of the Mailiao EVA/LDPE plant (200,000 MT/Y).
-
Completed and started production of the Mailiao AN plant (200,000 MT/Y).
2001 - Set up a Hospital in the Chiayi area.
- Invested for the establishment
of FORMOSA GROUP OCEAN MARINE INVESTMENT
CORP (19% share holding).
-
Completed and started production of the Mailiao LLDPE plant (240,000
MT/Y).
- Invested for the establishment
of FORMOSA TELETEK CORP (100% share holding).
- Completed and started
production of the Mailiao MMA plant (70,000 MT/Y).
- Completed and started
production of the Mailiao ECH plant (80,000 MT/Y).
- PDP plant (phase I 7,200
SETS/Y) in Sanhsia began production.
- Completed and started
production of the Mailiao paste PVC plant (36,000 MT/Y).
- Invested for the establishment
of SU-HUA TRANSPORT CORP (25% share holding).
2002 - Invested for the establishment of FORMOSA PLASMA DISPLAY CORP
(77.5% share
holding).
- Completed the Mailiao AE plant
expansion (18,000 MT/Y)
-
Invested for the establishment of FORMOSA INDUSTRIES (NINGBO) CO LTD for
PVC
production (300,000 MT/Y).
- Signed the PDP MOU with
FUJITSU HITACHI PLASMA DISPLAY CORP and AU
OPTRONICS CORP.
- Invested in GALA TELEVISION
CORP (6.25% share holding).
- Bought 49% share holding of
YUNGCHIA CHEMICAL INDUSTRIES CORP from
CENTRAL INVESTMENT CO
22 May, 2002 - Received approval to invest USD 43 million
in a PVC plant in China.
1 August, 2003 - Merged YUNGCHIA CHEMICALS INDUSTRIES CORP
and renamed as Polypropylene
Division responsible for PP business.
- Completed the Mailiao HDPE
phase III expansion (50,000 MT/Y).
- FPC supplied 63,734,000 FPCC
shares for FPCC IPO (NT 43 per share).
- Processed with the new production of NF3
plant (100 MT/Y) in Jenwu.
- Invested for the establishment
of FORMOSA ACRYLIC ESTERS (NINGBO) CO LTD for
AE production (230,000 MT/Y).
6 March, 2003 - Decided to merge YUNGCHIA CHEMICALS
INDUSTRIES CORP (1.96 shares of Yungchia
stock for 1 share of FPC stock).
- Invested for the establishment
of FORMOSA ENVIRONMENTAL TECHNOLOGY
CORP (24.34% share holding).
- Completed the Linyuan PP plant
expansion (50,000 MT/Y).
- Completed the Hsinkang POM
plant expansion (5,000 MT/Y).
- Completed the Mailiao MMA plant (MAA 20,000
MT/Y).
- Completed and started
production of the Jenwu LiPF6 plant (200 MT/Y).
- Completed the Jenwu Acrylic
Fiber plant expansion (13,000 MT/Y).
9 July, 2004 - Bought a cumulative 12.74 million shares in
NAN YA PLASTICS CORP at an average price
of NTD 44.81.
- Invested for the establishment
of FORMOSA POLYPROPYLENE (NINGBO) CO LTD for
polypropylene production (450,000 MT/Y).
*Company Registration*
===================
(1)
License number : 75708007
Date issued : 30
October, 1954
Issuing authority : Ministry of Economic Affairs (MOEA)
(2)
License number : 84896537
Date issued : 9
September, 1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Mailiao
Branch license
(3)
License number : 84708795
Date issued : 7 March, 1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Yilan Branch
license
(4)
License number : 84708802
Date issued : 7 March,
1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Hsinkang
Branch license
*Licenses & Permits*
=================
(1)
License number : 9960042900
Year issued : 22 June,
2001
Issuing authority : Industrial Development Bureau, MOEA
Details : License
for its Machinery Division
(2)
License number : 9966181800
Date issued : 31
December, 1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(3)
License number : 9966536101
Date issued : 31 December, 1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(4)
License number : 9965504200
Date issued : 12
August, 1991
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(5)
License number : 9965304500
Date issued : 26
November, 1998
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(6)
License number : 9965344300
Date issued : June 2002
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(7)
License number : 6400000823
Date issued : July 1969
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(8)
License number : 9962036100
Date issued : January
1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(9)
License number : 9966140800
Date issued : December 1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(10)
License number : 6400471712
Date issued : December
1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(11)
License number : N/A
Year issued : 1981
Issuing authority : S.U.U2
Type of license :
Authorization license
Details : Such
license was received by its Machinery Division
*Capital Details*
=============
Initial registered capital
: NTD 5,000,000.00
Capital increases as follows:
Date
Amount (NTD)
------
----------------------
1998 2,657,000,000.00
---
48,080,000,000.00
---
55,530,000,000.00
---
57,200,000,000.00 with a paid-up capital of NTD 55,530,000,000.00
--- 57,204,715,000.00
*Office & Facilities*
================
Size : 120,000
sq ft (Approx)
Facilities : Modern
Property status : Owned by
FORMOSA Group
Type of building : Commercial building
Other Contact Details
-----------------------------
Tel nos. : 2-27178114 / 27122211
Ext. 6010
Fax no. : 2-27193262
Previous Contact Details
---------------------------------
Tel no. : 2-7122211
E-mail :
pjlau@fpc.com.tw
*Factories, Size & Locations*
======================
Location : Jenwu Hsiang,
Kaohsiung Hsien
Other tel no : 7-3711411
The firm maintains manufacturing premises as listed below:
(1)
Size :
10,996 square meter (Approx)
Location : Taipei
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
(2)
Size :
4,388.26 square meter (Approx)
Location :
Kaohsiung Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(3)
Size :
10,291 square meter (Approx)
Location : Taipei
Hsien
Type of building : Industrial building
Property status : Owned by FORMOSA
PLASTICS CORP
(4)
Size : 999
square meter (Approx)
Location : Yilan
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as office
and factory
(5)
Size : 531
square meter (Approx)
Location : Taipei
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
(6)
Size :
10,291 square meter (Approx)
Location :
Kaohsiung City
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(7)
Size :
18,468 square meter (Approx)
Location :
Kaohsiung City
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(8)
Size :
113,764 square meter (Approx)
Location : Chiayi
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(9)
Size :
12,521 square meter (Approx)
Location : Yunlin Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(10)
Size :
14,818 square meter (Approx)
Location : Yunlin
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
*Corporate & Organization Structure*
=============================
A large sized company operated and managed by an experienced team of
professionals.
Organization Chart
| ---- Plastics Division
|
Chairman
| ---- Tairylan Division
Y.C. Wang |
|
| ---- Carbide Division
|
|
President
---------------------------------------------------- | ---- Engineering &
Const Division
C. T.
Lee | |
| |
| ----Administration
Dept | ---- Polyolefin
Division
| | |
President's | ---- Management
Analysis | ---- Chemicals
Division
Office | Dept |
|
| ----- Polypropylene Division|
|
|
|----
Personnel Dept |
----- Plastics Processing Dept
|
|
| ---- Special
Project Dept | -----
Electronics Special Project Dept
|
|
| | ----- R & D
Dept
| ---- Sales
Management Dept |
| | ----- Inspection Center
|
|
| ---- General
Affairs Dept | -----
Maintenance Center
|
|----- Labor Safety & Hygiene Dept
|
|----- Accounting Dept
|
|----- Warehousing & Shipping Dept
|
|----- Kaohsiung Administration Dept
Organization and management of the company is divided into three (3)
basic areas which include:
- Production
- Management
- Research & Development
Organization and management of the company is divided into the
following:
Division
Telephone number Fax
number E-mail address
-----------
-----------------------
----------------
---------------------
Plastics Division
2-27178126
2-27137012
chrishuang@fpcpvc.com.tw
Tairylan Division
2-27178135
2-27134818
aamattrl@fpc.com.tw
Calcium Carbide Division
2-27178152
2-27193261
philipchen@fpc.com.tw
Polyolefin Division
2-27178145 2-27193260 tpsalpol@fpc.com.tw
Chemicals Division
2-25460210
2-27178340
402180@fpc.com.tw
Plastics Processing Dept.
2-27178113
2-27193262
tapro@fpc.com.tw
Electronics Dept. 7-3718114 7-3727026
hwepd@fpc.com.tw
*Awards*
========
Award : Outstanding
Award for the Protection of the Ozone Layer and the Production Industry
Technology Development Award
Year : 1994
Details : Won such
award for the successful development of CFC substitutes HCFC-141b and
142b.
*Auditors*
==========
KPMG PEAT MARWICK LTD
*Industry Ranking*
================
(1)
Ranked among the top ten companies in Taiwan. Details as follows:
Rank Details
------- ----------
2 amongst companies leading in domestic sales.
5 amongst companies producing man-made fibers.
1 amongst
companies producing plastics.
5 amongst companies producing chemicals.
2 amongst companies producing machinery.
10 in a combined ranking of government, non-government,
manufacturing
and non-manufacturing companies.
1 amongst companies producing petrochemical products
1 amongst companies producing chemicals
7 amongst companies producing machinery
10 amongst companies producing man-made fiber textiles
6 amongst companies producing man-made fiber
(2)
Rank among the Top 500 Corporations. Details as follows:
Year Rank
------- --------
1992 5
1985 2
1986 2
(3)
Considered as one of the Top 2000 Companies.
Ranking as follows :
Year Rank
------- ---------
2000 2
1999 4
1998 4
(4)
Ranked as Top 1000 largest Companies in Asia.
Details as follows:
Year Rank
---------
----------
1999 891
2000 893
(5)
Considered as one of the Taiwan 10 Guidepost Enterprises conducted by
the Chinese Language Common Wealth magazine.
(6)
Generally regarded as one of the Top 1000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 14
2005 20
2006 21
*Sales Ranking*
=============
Details of rank are as follows:
Year Rank
------ -------
1996 14
1997 13
1998 19
2000 17
2001 16
2002 19
2004 25
2005 28
2006 27
www.fpc.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: formosa@fpc.com.tw
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country Party's Name
Plaintiff Taiwan Government
Defendant Taiwan CHUNG GUNG
MEMORIAL HOSPITAL
Defendant Taiwan FORMOSA
CHEMICALS & FIBRE CORP
Case Issue : Accused for air and water pollution infringements in
Kaohsiung, Changhua and the Tahan River
Date Commenced : 1986
Status : Not stated
Litigation ( 2 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant China Environment
Protection Service (EPS)
Case Issue : A petition to the court stating that the delay was not
caused by FORMOSA and should consider the return of the money paid for the
service provided.
Date Commenced : 7 November, 2001
Status : Pending
Summary : FORMOSA requested to approve the delay on the delivery of HQ
mud products at the Environment Protection Service (EPS) which is based from
Basel Convention after these products have been returned by the Cambodian
Government. However, this request has not been completed due to other reason
(did not provided any detailed) hence the deposited money has been confiscated.
Litigation ( 3 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country Party's Name
Defendant Taiwan Pingtung County
Government
Case Issue : A petition to the court stating that the waste is not owned
by FORMOSA and requested to have a judgment at Kaohsiung High Administrative
Court.
Court : Kaohsiung High Administrative, Taiwan
Date Commenced : 2 January, 2002
Date Closed : 7 November, 2001
Status : Pending
Summary : Pingtung County Government requested NT$51,700,000 from
FORMOSA for the clean up process of waste in February 2000.
However FORMOSA stated that these waste is not owned by them and
requested to have judgment at Kaohsiung High Administrative Court.
*Major Shareholders*
===============
Total number of shareholders: N/A
Total number of shares: N/A
Shareholders Country Number Amount %
FORMOSA CHEMICALS Taiwan
437,353,602.00 n/a n/a
& FIBRE CORP
CHANG GUNG MEMORIAL Taiwan
296,515,165.00 n/a n/a
HOSPITAL
NAN YA PLASTICS CORP Taiwan 227,969,130.00 n/a n/a
FORMOSA PETROCHEMICAL Taiwan
107,943,765.00 n/a n/a
CORP
Mr. Wen-chao Wang Taiwan 107,943,765.00 n/a n/a
Mr. Min-ting Ho Taiwan 25,003,922.00 n/a n/a
Mr. Jui-hua Wang Taiwan 3,412,189.00 n/a n/a
Mr. Chih-tsuen Lee Taiwan 1,134,563.00 n/a n/a
Mr. Jerome Chi-lang Ko Taiwan 471,090.00 n/a n/a
Mr. Kuo-hsiung Wu Taiwan 147,900.00 n/a n/a
Mr. Tsung-ching Huang Taiwan 77,559.00 n/a n/a
Ms. Mei-li Hsu Taiwan 18,210.00 n/a n/a
Mr. Yu-jui Chang Taiwan 10,300.00 n/a n/a
Mr. Chao-lin Yang Taiwan 3,423.00 n/a n/a
Mr. Hsu-ping Pai Taiwan 2,060.00 n/a n/a
Management: Mr. Wen-hung Huang,
Supervisor
Mr. Chien-shan Yang, Manager
Mr. Kuang-ming Chen, Manager
Name Nationality
Job Description Dept. / Division
Mr. Wen-hung Huang Taiwanese
Supervisor Account
Mr. Chien-shan Yang Taiwanese
Manager Factory
Mr. Kuang-ming Chen Taiwanese
Manager Factory
Mr. Tsung-teng Yang Taiwanese
Manager Factory
Mr. Wu-lung Chen Taiwanese
Manager Factory
Mr. Pen-yuan Chang Taiwanese
Manager Finance
Mr. Hung-ming Chen Taiwanese
Representative Sales
Mr. Wayne Wen-chin Hsiao Taiwanese
Assist. Manager -
Mr. Chao-lin Yang Taiwanese
Executive Director -
Mr. Wilfred Wen-chao Wang Taiwanese
Executive Director -
Mr. William Wen-uan Wang Taiwanese
Executive Director -
Mr. Zui-hua Wang Taiwanese
Executive Director -
Mr. Kuo-hung Wei Taiwanese
General Manager -
Mr. Tzu-feng Chang Taiwanese
General Manager -
Mr. Jerry Sheng-kuan Lin Taiwanese
Manager -
Mr. Ping-chin Chen Taiwanese
Manager -
Mr. Ying-tsai Chen Taiwanese
Manager -
Mr. Chih-tsuen Lee Taiwanese President -
Mr. Jerome Chi-lang Ko Taiwanese Senior Vice President -
Mr. Tsung-chang Lee Taiwanese
Senior Vice President -
Mr. Tsung-ching Huang Taiwanese Senior Vice President -
Mr. Kuo-hsiung Wu Taiwanese
Supervisor -
Mr. Ralph Min-ting Ho Taiwanese
Supervisor -
Mr. Sheng-fu Lu Taiwanese
Supervisor -
Mr. Jason Chien-nan Lin Taiwanese
Vice General Manager -
Mr. Fu-shou Xie Taiwanese
Vice President -
Mr. Han-fu Lin Taiwanese
Vice President -
Mr. Wen-song Chang Taiwanese
Vice President -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Benny Guang-bi Chang
Nationality : Taiwanese
2
Name : Mr. Chao-chuan Chu
Nationality : Taiwanese
3
Name : Mr. Chao-lin Yang
Nationality : Taiwanese
4
Name : Mr. Chih-tsuen Lee
Nationality : Taiwanese
Country of Residence : Taiwan
5
Name : Mr. Feng-chin Lin
Nationality : Taiwanese
6
Name : Mr. Fu-shou Xie
Nationality : Taiwanese
7
Name : Mr. Guang-bi Chang
Nationality : Taiwanese
8
Name : Mr. Han-fu Lin
Nationality : Taiwanese
9
Name : Mr. Jerome Chi-lang Ko
Nationality : Taiwanese
10
Name : Mr. Ruo-tao Huang
Nationality : Taiwanese
11
Name : Mr. Tsung-chang Lee
Nationality : Taiwanese
12
Name : Mr. Tsung-ching Huang
Nationality : Taiwanese
13
Name : Mr. Wen-song Chang
Nationality : Taiwanese
14
Name : Mr. Wilfred Wen-chao Wang
Nationality : Taiwanese
15
Name : Mr. William Wen-uan Wang
Nationality : Taiwanese
16
Name : Mr. Yu-rui Chang
Nationality : Taiwanese
17
Name : Mr. Zui-hua Wang
Nationality : Taiwanese
18
Name : Ms. Mei-li Hsu
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Import of chemicals and machine parts.
2. Manufacture of various types of chemicals, fabrics and carpets and
other related products.
3. Selling to both domestic and international markets.
Products are classified as follows:
Machinery related parts
---------------------------------
- Shafts
- Bearing Houses
- Gears and Gearing
- Flywheels
- Pulleys and Pulley Blocks
Packing materials
-----------------------
- Containers of Plastic (food pckg)
- Polyethylene Film
- High and Low Density Polyethylene bags
Intermediate plastics and other petrochemicals
--------------------------------------------------------------
- Synthetic Hydrocarbon Wax
- Calcium Carbide
- Vinyl Acetate Polymer
- Polyvinyl Chloride Paste Resin
- High Density Polyethylene
- EVA resin
- HDPE resin
- POM resin
Chemical products
-------------------------
- Synthetic Methacrylic Acid, its Salts & Esters
- Synthetic Butyl Acrylate
- Sodium Hydroxide, Flakes
- Dense Calcium Carbonate
- Acrylic type processing aids
- Acrylic type impact modifiers
- Calcium carbonate, activated
- HCFC-141b,142b
- Light master batches
- MBS type impact modifiers
- Taical
- Vinyl chloride-vinyl acetate copolymer
Fibers
---------
- Discontinuous Polyacrylontrile Fibers (top carded, not carded or else
prepared for spinning)
- 100% Synthetic Fiber
- 100% Polyacrylic Fiber
- Carbon fiber prepregs
- Carbon fiber reinforced plastics
Fabrics and carpets
---------------------------
- Weft-knitted Fabrics
- Yarn-dyed Fabrics
- Carpets
- Carpeting and Rugs of Synthetic Fiber
Yarns
--------
- Synthetic Fiber Yarns
- Acrylic Spun Yarn
Products: 2-ethyl hexyl acrylate
Acetone
Acrylate
monomers
Acrylic acid
Acrylic esters
*Brand*
======
Formosa Plastics
*Payment Terms*
==============
Sales
-------
Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : Cash
30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
=============
Member of the following associations:
- Taiwan Synthetic Resins Manufacturers' Association
- Taiwan Electrical and Electronic Manufacturers' Association (TEEMA)
*Competitors*
===========
The following locally based firms supply similar range of products:
- USI CORP
- TAIWAN POLYPROPYLENE CO LTD
- ORIENTAL UNION CHEMICAL CORP
- ASIA POLYMER CORP
- ROHM & HAAS TAIWAN INC
- DING-ZING CHEMICAL PRODUCTS CO LTD
- CHI MEI CORP
- BUENO ENTERPRISE CO LTD
- JINTEX CORP LTD
- KAO (TAIWAN) CORP
- SANCHAO PACKING MATERIAL CO LTD
- BASF POLYURETHANES (TAIWAN) CO LTD
- FORMOSAN UNION CHEMICAL CORP
- METALTECH INDUSTRIAL CO LTD
- ECLAT TEXTILE CO LTD
- HAO JEY CO LTD
- THYE MING INDUSTRIAL CO LTD
- WAYS TECHNICAL CORP LTD
- LONN SHIANN CO LTD
*Detailed Product Specifications*
==========================
(1)
Product
: Mass PVC
Major applications : Rigid sheets, film, floor tiles, transparent
bottles, pipes and fittings
(2)
Product
: Suspension PVC
Major applications : Rigid and flexible rubberized fabric, film,
rubber, window blinds, electric wire and cable, construction materials, piping,
lounge chair, handbags, Christmas trees, inflatable products and auto parts.
(3)
Product
: Copolymer PVC
Major applications : Rigid plate, asbestos tiles, printing ink,
surface finishes, paints, and.
(4)
Product :
Emulsion PVC
Major applications : Rigid and flexible dolls, toys, socks, auto
parts, wall coverings, carpets, gloves, sponged leather and soft leather.
(5)
Product
: Liquid Caustic Soda
Major applications : Synthetic fibers, rayon staple fiber, dyes,
paper industry, soaps, detergents, bleaching agents, leather processing
industry, sodium silicate oil and grease removal, water treatment, aluminum
hydroxide, sodium sulfite and chemical products.
(6)
Product :
Flake Caustic Soda
Major applications : Synthetic fibers, rayon staple fiber, dyes,
paper industry, soaps, detergents, bleaching agents, leather processing
industry, glass, spices, oil and grease removal, pesticides and medicinal
industry.
(7)
Product
: Liquid Chlorine
Major applications : Rayon staple fiber, cleaning agents for tap
water and water treatment, bleaching agents, synthetic fibers, resins,
pesticides and organic chemicals industry.
(8)
Product :
Hydrochloric Acid
Major applications : Flavor essences, various kinds of inorganic
chlorinated materials, medicines, pesticides, dyes, flavorings, plating, rust
removal and general neutralization purposes.
(9)
Product :
Vinyl Chloride Monomer (VCM)
Major applications : Raw material for PVC resin production
(10)
Product
: Plastics Modifiers
Major applications : MBS
: processing of rigid sheets, blow-molded plastic bottles, packing
materials, artificial leaves and credit cards.
PA : semi-rigid and rigid
processing aids, plastic pipe materials, board materials, sheets, blow-molded
bottles, door and window construction materials.
AM : rigid sheets, extrusion
rigid board, extrusion foaming construction materials, vinyl doors and windows.
(11)
Product
: Hydrochlorofluorocarbons
(HCFCs) : Including HCFC-22, HCFC-141B and HCFC-142B, all of which are
important chemicals for modern living.
Major applications : Coolant in air conditioners and
refrigerators, foaming agent, cleaning agents, solvents.
(12)
Product
: High-Density Polyethylene
(HDPE)
Major applications : Film grade : shopping bags, garbage and industrial uses,
and liners for packing purposes.
Blow-molding grade : bottles
for edible oils, milk, liquid medicines, detergents etc and tool boxes.
Extrusion grade : rope, filing folders, fishing nets, woven bags, canvas
and base cloth.
Injection grade :
moving crates, beer cartons, water buckets, water tower, athletic equipment and
toys.
Pipe coating grade : steel
pipes, steel shrink coating.
(13)
Product
: Ethylene Vinyl Acetate
Copolymer (EVA)
Major applications : Foam grade : shoe materials, soles.
Film-blowing grade : packing
bags, agricultural thermal film.
Coating grade :
intramembrane of tetra pak, paper finishing films.
Bottle-blowing grade : plastic bottles, milk bottles.
Injection grade :
various types of toys.
(14)
Product
: Linear Low-Density
Polyethylene (LLDPE)
Major applications : Film-blowing grade : heavy duty packing bags, shopping bags and garbage bags.
Film casting grade :
packing film for food use.
Rotation molding grade : large
size containers
Injection grade :
small containers
(15)
Product
: Processed Plastic Products
like Shopping bags, Produce bags, Garbage bags, Draw String bags etc.
Major applications : Packaging materials for supermarkets and
general household use.
(16)
Product
: Carbon Fibers
Major applications : Tennis rackets, fishing rods, bicycles, golf
clubs, auto parts, electro-mechanical parts, aeronautical materials.
(17)
Product
: Acrylic Acids and Esters
Major applications : Synthetic fibers, paints, adhesives,
emulsified oils, pastes, acrylic boards, fiber finishing agents, thermosetting
industrial finishes.
(18)
Product :
Super Absorbent Polymer (SAP)
Major applications : Disposable diapers, diaper inserts and
feminine napkins, nursery moisture absorbers, soil improvement fluids, dewing
preventatives, desiccants, water and oil separators, sealants and freezer
packs.
(19)
Product
: Acrylic Fiber
Major applications : Yarns, sweaters, knitted fabrics, carpets,
sports wear, high-end cloth for suits, threads, skirts, gloves, bedding,
curtains etc.
(20)
Product
: Quick Lime
Major applications : Raw material used in the manufacture of
calcium carbide, precipitated calcium carbonate, gypsum and milk of lime,
desulfurization in steel refining, bleaching pulp of neutralizing agent,
desiccant and disinfectant, refractories, grinding ingredients and soil
modifiers.
(21)
Product
: Calcium Carbonate
Major applications : Additives for plastic, rubber, flue gas
desulfurization, paint, building materials, papermaking, fodder, neutralizing
agents, wire and cables, medicine, food, toothpaste, cosmetics, etc.
(22)
Product
: Taical/ U-cal (Master batch of
CaCo3 + PP/PE)
Major applications : Additives for PP, PE, PS and other processing
industries, PP/PE injection molding, and extrusion products used in garbage
bags, shopping bags and corrugated paper.
(23)
Product
: Precipitated Calcium
Carbonate, colloidal Calcium Carbonate, Nano Calcium Carbonate
Major applications : Additive for rubber, plastic processed
products, paper, paints, inks and sealant, etc.
(24)
Product
: U-Cal
Major applications : For PP and PE injection molding and
extrusion products used in garbage sacks, shopping bags and knitted bags.
(25)
Product :
Polyoxymethylene (POM)
Major applications : Gears and
parts for electronics, electrical machinery, automobiles, transportation
equipment, general machinery, and medical instruments, as well as plastic
zippers and stays.
(26)
Product :
Distributed Control Systems and Computer Monitoring System
Major applications : Suitable
for various continuous or batch processing to achieve complete automation and
centralized plant monitoring.
(27)
Product :
Software for Automation of Vertical Storage and Materials Handling
Major applications : For the
control and development of all types of automated storage and transport
systems.
(28)
Product : Software and Hardware for General
Automatic Systems
Major applications : Control
and monitoring systems as well as distributed medium and small control systems.
(29)
Product :
CIM Coordination
Major applications : This brings
together computer-based MIS, DCS and automated storage computer controls in an
integrated production system.
(30)
Product :
Acrylonitrile (AN)
Major applications : Acrylic
staple fiber, ABS/SAN resin, home electrical appliances, auto parts, stationery
items, safety helmets, luggage cases, sports equipment and NBR rubber.
(31)
Product :
Methyl Tert Butyl Ether (MTBE)
Major applications : Unleaded
gasoline additive.
(32)
Product : Butene-1
Major applications : The
sub-material for HDPE and LLDPE
(33)
Product :
Methyl Methacrylate (MMA)
Major applications : Acrylic
plates, grains and pipes; plastics modifiers, additives for paints, coatings
and adhesives.
(34)
Product :
Epichlorohydrin (ECH)
Major applications : Printed
Circuit Board (PCB), automobile paint, metal container linings, water-proofing
and building reinforcement material.
(35)
Product :
Homopolymer PP
Major applications : BOPP film,
IPP film, CPP film, yarn, woven bags, staple fiber, filter cloth, thermoforming
sheet, transparency pressure forming sheet, portfolio, toys, food containers,
housewares, electrical appliances, thin walled products, storage boxes, etc.
(36)
Product :
Random copolymer PP
Major applications : Shrink
film, heat sealing layer, portfolio, general food & garment packaging,
transparency portfolio, transparency CPP film, transparency container, medical wares,
housewares, food containers, transparency storage boxes, etc.
(37)
Product :
Impact copolymer PP
Product :
Pail, sports appliance, base of luggage, automotive parts, electric appliance
parts, tool boxes, furniture, storage boxes, thin wall products, bumpers,
pallet, PPB pipe, corrugated sheet, etc.
*Technologies Developed and/or Acquired*
===================================
(1)
Product Developed : MBS
(Methymethacrylatebetadiene-styrene)
Launched Date : 1987
Details :
The development of the MBS will save the company USD12.5 million per year on
Japanese imports of the material and increase its revenue to USD7.5 million
through exports.
(2)
Type of technology : Plasma
display panel (PDP) technology
Country :
North America
(3)
Type of technology : Ion
exchange membrane technology, with fully computerized control system
Acquired from : UHDE
Country :
Germany
(4)
Type of technology : Ion
exchange membrane technology, with fully computerized control system
Acquired from : ASAHI
Country :
Japan
*Quality Certification*
==================
Type of Certification : ISO 9002
Year of Certification : 1994
Granted the ISO 9002 certificate to the following division :
- Plastic Division CFC Plant
- Plastic Division Jenwu Naoh Plant
- Plastic Division Jenwu PVC Plant
- Plastic Division Jenwu VCM Plant
- Plastic Division Kaoshiung PVC Plant
- Plastic Division Linyuan Plastic Plant
- Tairylan division Acrylic Acid and Ester Plant
- Tairylan Division Tairylan Plant
- Linyuan Plant
- Tungshan Plant
*Machinery & Equipment*
====================
Vessels :
- 4 units specially-built ships
The Lin Yuan HDPE plant maintains a computer-controlled automatic
warehouse designed and fabricated by FORMOSA PLASTIC'S Machinery Division, a
separate revenue-generating division of the corporation.
The machine shop facilities at the Jen Wu plant are primarily
responsible for fabrication and maintenance of equipment for all GROUP
companies.
*Production Capacity*
==================
Unit: Metric Tons
Item Maximum Capacity Current Capacity
------- --------------------------- ------------------------
PVC Resins 1,401,000 1,202,484
VCM 1,580,000 1,488,094
Liquid Caustic Soda 883,000 819,226
HDPE 450,000 419,761
Calcium Carbonate 258,000 124,361
Acrylic Acid & Esters 198,000 201,370
AN 240,000 206,702
MTBE 174,000 169,811
LDPE 110,000 88,318
Acrylic Staple Fiber 92,000 85,631
EVA 90,000 75,958
Epichlorohydrin 80,000 72,035
Methyl Methacrylate 84,000 61,599
Calcium Carbide 54,000 16,794
SAP 30,500 33,713
CFC 16,700 1,588
MBS, PA, AM 15,600 1,588
Bags 12,000 9,995
Carbon Fiber 2,000
507
*Imports*
=======
Imports 8,000 tons of PVC from Japan.
Recorded by the China External Trade Development Council as one of 5,084
selected ROC importers between 1986 and 1987, with the following import commodities registered:
Chemicals & Petrochemicals
---------------------------------------
Barium, Alkyl and Vinyl Chloride
Saturated Acrylic, Butyl, Methyl, Vinyl, Polyvinyl and Fatty
Alcohols
Butene/Butylene
Dichloroethane
Hydrocarbons (Halogenated derivatives, Sulfonated derivatives)
Ketones, Quinones and derivatives
N-Hexane Propylene
Acrylonitrile, Synthetic
Dimethyl Formamide
Organo Sulphur Compounds
Filament Tow
Cellulose
Anionic Exchange Resin
Organo-Inorganic Compounds
Stearate Salts
Basic Violet
Sodium Lauryl Sulfate
Petroleum Cokes
Catalysts, for polymerization & compounded
Rubber Anti-oxidants
Textile Chemicals
Metals
-----------
Iron/Steel Beams (worked, non-worked)
Sheet Piling
Stainless Steel Sheets
Steel/Stainless Steel Fittings (pipe & tubing)
Tubes & Pipes, Nickel Alloys
Iron/Steel Containers, for compressed or liquified gas
Machinery
----------------
Boilers
Centrifuges & Pumps
Compressor & Vacuum Pumps/Parts
Engines & Parts
Liquid Piston Vacuum Pumps
Machinery for Steam Power Plant
Mixed Flow Pumps
Reciprocating Compressors (Gas)
Soot Removers Parts
Volute Pumps (liquids)
Washing / Dry Cleaning Machine Parts
Bending / Folding / Forming Machines
Boring Machines
Grinding Machines
Machine Tools & Parts
Cranes, Overhead Travelling
Ring Roll & Bowl Mills
Vibrating Conveyor
Rubber Good Manufacturing Machinery
Mechanical Appliances & Parts
Plastic Manufacturing Machinery
Vulcanized Fiber Making Machinery Ash Dischargers, Mechanical
Baling Machines
Gate Valve
Main Cock
Materials for Heat Treating Apparatus & Parts
Rings, Oil Seals
Shafts, Bearings, Gears, Flywheels, Pulleys
Automatic Valves
Electrical Circuit Protection Apparatus
Electrical Explosion-Proof Motor
SF6 Circuit Breakers
Computers
Data Processing System
Micro Computer
Centrifugal Refrigerating Machines
Measuring Equipment
-------------------------------
Electrical Controlling Equipment
Electrical Quantities Measuring Recorders
Electrochemical Analyzer
Flow Meters & Liquid Supply
Flow-, Depth-, Pressure-, Controlling Instruments (liquid or gas)
Gas Chromatograph
Level Meters
Physical or Chemical Analysis Instruments
Tensile Strength Machines
Thermometers Accessories, parts of
Viscosity, Porosity Expansion, Measuring or Checking Instruments
Miscellaneous
---------------------
Anthracite
Bituminous Coal, non-coking
Sea Salt
100% Jute Yarn, not for re-sale
Magnetic Tape, Pre-recorded
Rubber Plates & Sheets, vulcanized
Rubber Articles, hardened
Wheels & Wheel Tires
Fire-Fighting Vehicles
Trailers/Semi-Trailers
*Local Distribution Network*
=======================
An estimated 52% of the annual turnover is attributed to local sales.
*Export Markets*
==============
An estimated 48% of the annual turnover is attributed to export
worldwide.
*International Trade Ranking*
========================
The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------ ----------
1997 023
2002 25
2003 13
2004 16
2005 14
2006 16
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch : FORMOSA PLASTICS CORP - JENWU HSIANG
Branch Address : 100 Shui Kuan Rd Jenwu Hsiang, Kaohsiung Hsien 814
Branch Tel : [+886] 7-3711410
Branch : FORMOSA PLASTICS CORP (FIBER FABRICATION DIVISION) - SANCHIH
HSIANG
Branch Address : 309 Chung Cheng Rd Section 1 Sanhsia Chen, Taipei Hsien
237
Branch Tel : [+886] 2-86711933
Branch : FORMOSA PLASTICS CORP (TUNGSHAN PLANT) - TUNGSHAN HSIANG
Branch Address : 201 Tung Fu Rd Tungshan Hsiang, Ilan Hsien 269
Branch Tel : [+886] 3-9591134
Branch Fax : [+886] 3-9593066
Branch : FORMOSA PLASTICS CORP (LINYUAN PLANT) - LINYUAN HSIANG
Branch Address : 1 Shi Hua 1st Rd Linyuan Hsiang, Kaohsiung Hsien 832
Branch Tel : [+886] 7-6419911
Branch Fax : [+886] 7-6812051
Branch : FORMOSA PLASTICS CORP - HSINKANG HSIANG
Branch Address : 3 Chung Yang Industrial Park Hsinkang Hsiang, Chiayi
Hsien 616
Branch Tel : [+886] 5-3772111
Branch Fax : [+886] 5-3772050
Branch : FORMOSA PLASTICS CORP - MAILIAO HSIANG
Branch Address : 1 Formosa Industrial Park Mailiao Hsiang, Yunlin Hsien
638
Branch Tel : [+886] 5-6812345
Branch Fax : [+886] 5-6812051
*(Subsidiaries, Joint-ventures & Affiliates)
========================
Company Name : FIRST INT'L COMPUTER INC
Address : 1-9Fl, 300 Yang Kuang St Neihu Dist Taipei City 114 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry : Computer & Information Products
Company Name : FORMOSA ASAHI SPANDEX CO LTD
Address : 1Fl, 42 Biaofu Rd Mailiao Hsiang 638 Yunlin Hsien Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Textiles & Raw Material
Company Name : FORMOSA AUTOMOBILE CORP
Address : 11Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist
Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Company Name : FORMOSA CHEMICALS & FIBRE CORP
Address : Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist
Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Chemicals
Company Name : FORMOSA DAIKIN ADVANCED CHEMICALS CO LTD
Address : Rm 445 10Fl Formosa Plastics Bldg 201 Tun Hua North Rd
Sungshan Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : FORMOSA HEAVY INDUSTRIES CORP
Address : 4Fl Formosa Plastics Bldg 201-20 Tun Hua North Rd Sungshan
Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : FORMOSA PETROCHEMICAL CORP
Address : Rm 99, 4Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan
Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Petrochemicals
Company Name : FORMOSA PLASMA DISPLAY CORP
Address : Rm 369, 9Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd
Sungshan Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : FORMOSA PLASTICS (CAYMAN) CORP
Country : Cayman Islands
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : FORMOSA PLASTICS (NINGBO) CORP
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : FORMOSA PLASTICS CO AMERICA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : FORMOSA TELETEK CORP
Address : 358 Huaya 2nd Rd Kueishan Hsiang 333 Taoyuan Hsien Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : HWA YA POWER CORP
Address : 4Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist
Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Electrical Equipment & Appliances
Company Name : MAI-LIAO POWER CORP
Address : 42 Beau Fu Rd Mailiao Hsiang 638 Yunlin Hsien Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Public Company
Company Type : Importer
Industry : Electrical Equipment & Appliances
Company Name : MAILIAO HARBOR ADMINISTRATION CORP
Address : 4Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd
Sungshan Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : NAN YA PLASTICS CORP
Address : 35-1 Chung Shan 3rd Rd Chienchen Dist Kaohsiung City 806
Taiwan
Country : Taiwan
Relationship : Invested Entity - Minor Equity
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : YIJI CONSTRUCTION CO LTD
Address : 2Fl Formosa Plastics Bldg 201-24 Tun Hua North Rd Sungshan
Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Construction & Construction Materials
*Subsidiaries, Joint-ventures & Affiliates*
===============================
Joint-ventures
--------------------
(1)
FORMOSA ASAHI SPANDEX CO LTD
This is a joint venture between the following companies:
- FORMOSA PLASTICS CORP
- ASAHI CHEMICAL INDUSTRY CO LTD (Japan)
(2)
FORMOSA HEAVY INDUSTRIES CORP
This is a joint-venture among the following companies:
- FORMOSA PETROCHEMICAL CORP
- NAN YA PLASTICS CORP
- FORMOSA PLASTICS CORP
(3)
FORMOSA PLASMA DISPLAY CORP
This is a joint venture between the following companies:
- FUJITSU HITACHI PLASMA DISPLAY LTD (23.1%)
- FORMOSA PLASTICS CORP (76.9%)
(4)
FORMOSA PETROCHEMICAL CORP
This is a joint venture among the following companies:
- FORMOSA PLASTICS CORP (29.96%)
- NAN YA PLASTICS CORP (24.38%)
- FORMOSA CHEMICALS & FIBRE CORP (25.72%)
- FORMOSA TAFFETA CORP
- FORMOSA HEAVY INDUSTRIES CORP
(5)
FORMOSA DAIKIN ADVANCED CHEMICALS CO LTD
This is a joint-venture between the following companies :
- FORMOSA PLASTICS CORP
- DAIKIN INDUSTRIES LTD
(6)
MAILIAO HARBOR ADMINISTRATION CORP
This is a joint venture among the following companies :
- FORMOSA PETROCHEMICAL CORP
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA HEAVY INDUSTRIES CORP
(7)
MAI-LIAO POWER CORP
This is a joint venture among the following companies :
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA PETROCHEMICAL CORP
*Strategic Partners & Alliances*
==========================
(1)
Group Name :
FORMOSA PLASTICS Group
Founder :
Mr. Yung-ching Wang
Holding company : FORMOSA
PLASTICS CORP
Country :
Taiwan
Group Members :
Local Companies
------------------------
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICAL & FIBER CORP
- FORMOSAPETROCHEMICAL CORP
- FORMOSA HEAVY INDUSTRIES CORP
- FORMOSA KOMATSU SILICON CORP
- FORMOSA TELETEK CORP
- FORMOSA PLASMS DISPLAY CORP
- HWA YA POWER CORP
- FORMOSA ASAHI SPANDEX CO LTD
- FORMOSA DAIKIN ADVANCED CHEMICALS CO TLD
- INOTERA MEMORIES INC
- MIZ PORT MANAGEMENT CORP
- PFG FIBER GLASS CORP
- NAN TA TECHNOLOGY CORP
- NAN YA PRINTED CIRCUIT BOARD CORP
- WENG FUN INDUSTRIAL CO
- TAH SHI SPINNING CORP
- FORMOSA TAFFETA CORP
- FORMOSA TRANSPORT CORP
- FORMOSA PLASTICS MARITIME CORP
- CHANG GUNG BIOTECHNOLOGY CORP
- FORMOSA TECHNOLOGY CORP
- MAI-LIAO POWER CORP
- MAILIAO HARBOR ADMINISTRATION CORP
Overeas Companies
--------------------------
- FORMOSA PLASTICS MARINE CORP
- FORMOSA PLASTICS CORP, USA
- NAN YA PLASTICS CORP, USA
- NAN YA PLASTCIS CORP, America
- INTEPLAST GROUP LTD - INTEPLAST
- INDONESIA NAN YA INDAH PLASTICS CORP PT
- J-M MANUFACTURER CO INC
Education & Medical Care
-------------------------------------
- CHANG GUNG MEMORIAL HOSPITAL
- CHANG GUNG UNIVERSITY
- CHANG GUNG INSTITUTE OF TECHNOLOGY
- MING CHI INSTITUTE OF TECHNOLOGY
Maintains technical cooperation agreements between FORMOSA PLASTICS and
foreign concerns include the
following:
Company name Country Service
------------------------- --------------- -------------------
HIT CO
USA
Technology/Instruction
STONE & WEBSTER ENGINEERING USA Ethylene/Propylene plant
technology & Engineering/design
services
*OVERSEAS AGENTS AND DISTRIBUTORS*
===================================
Agent : REN TONG INDUSTRIAL LTD
Country of Origin : Hong Kong
Product Description : Acrylic resin materials
Brand : Formosa Plastics
Year : 1995
PAYMENT RATING : 1 OBTAINED SCORES :
92
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the payment
pattern of SC based upon our Payment Database, comments from suppliers of SC,
information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for LARGE
amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : BANK OF TAIWAN
Branch : Chungcheng Dist,Taipei City
Branch Address : 120 Chung Ching South Rd Section 1
SWIFT Code : BKTWTWTP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,Taichung City
Branch Address : 38 Tzu Yu Rd Section 2 Central Dist Taichung City 400
(Head Office)
SWIFT Code : CCBCTWTP
Bank Name : CHIAO TUNG BANK CO LTD
Branch : Sungshan Dist,Taipei City
Branch Address : 550 Chung Hsiao East Rd Section 4
SWIFT Code : BKCMTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Sungshan Dist,Taipei City
Branch Address : P O Box 18-20 Hua Nan Commercial Bank Bldg 654 Pateh Rd
Section 4
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Sungshan Dist,Taipei City
Branch Address : Artist Construction Bldg 133 Min Sheng East Rd Section
3
SWIFT Code : ICBCTWTP
Bank Name : TAISHIN INT'L BANK
Branch : Sungshan Dist,Taipei City
Branch Address : 8Fl, 289 Nanking East Rd Section 3
SWIFT Code : TSIBYEYP
(1)
Balance Sheet
Currency : NTD
Denomination : in Thousands
2006 December 2007
-------- ---------------------
Current Assets 94,891,806 129,711,492
Funds & long-term
investments 110,406,983 129,853,389
Property 73,474,889 77,759,553
Other Assets 3,755,600 552,456
Current Liabilities (Before) 35,061,078
43,848,708
(After) 60,413,487 -
Long-term Liabilities 50,706,829 41,100,687
Other Liabilities 6,514,319 6,310,494
Common stock 57,204,716 57,204,716
Capital Reserve 11,840,850 12,814,949
Retained Earnings (Before)
87,210,864 109,669,094
(After) 61,858,455 -
Total Assets 284,828,895 340,560,178
Total Liabilities (Before) 92,282,226 91,259,889
117,634,635 -
Total Shareholder's
Equity (Before) 192,546,669 249,300,289
(After)
167,194,260
-
Income Statement
Currency : NTD
Denomination : in Thousands
2006 December 2007
--------
---------------------
Operating revenue 147,458,205 181,606,814
Gross Profit 18,112,639 27,191,596
Operating Income 10,956,369 18,463,012
Non-operating income
23,010,028 33,808,233
Non-operating expense 1,856,491 1,582,140
Net Income 30,889,316 47,810,639
Earnings (losses) per
share (After) 5.4 8.36
*Financial Ratios*
==============
2006 December 2007
-------- ---------------------
Ratio of liabilities to Assets % 32.40 26.80
Ratio of long-term capital to
fixed Assets% 331.07 373.46
Current ratio% 270.65 295.82
Quick ratio% 219.32 250.66
Interest coverage 21.54 27.63
Turnover of receivable (times) 15 15.81
Average collection period
of receivable 25.00 23.08
Turnover of inventories (times) 8.21 8.90
Turnover of expense (times) 13
-
Average days of sales 44.00 41.01
Turnover of fixed assets (times) 2.01 2.34
Turnover of total assets (times) 0.52
0.53
Return on total assets% 10.85 14.04
Return on shareholder's Equity% 16.04 19.18
Operating Income 19 32.28
Net Income before tax 56.13 88.61
Profit margin% 20.95 26.33
(2)
Balance Sheet
Currency : NTD
Denomination : in Thousands
30
September, 2008
--------------------------
Assets
Current Assets
Cash and cash equivalents 1,109,332.00
Financial assets measured at
fair value
through profit or loss -
current 21,745.00
Available-for-sale financial
assets - current 45,461,898.00
Hedging derivative assets -
current 16,517.00
Notes receivable - net
325,648.00
Accounts receivable - net 7,498,254.00
Accounts receivable - related
parties - net
7,166,702.00
Other receivables
997,248.00
Other receivables - related
parties 15,752,390.00
Inventories
27,083,712.00
Other prepayments
1,552,327.00
Other current assets
1,447,789.00
Current assets
108,433,562.00
Funds and Investments
Financial assets measured at
fair value
through profit or loss - non
current
86,869.00
Financial assets carried at
cost - non current
2,512,330.00
Equity investments under equity
method
121,546,749.00
Investments 121,546,749.00
Funds and long-term
investments
124,145,948.00
Fixed Assets
Cost
Land
3,968,112.00
Buildings and structures
18,858,698.00
Machinery and equipment
100,991,162.00
Other facilities
3,321,679.00
Revaluation increment
501,301.00
Cost and revaluation
increment
127,640,952.00
Accumulated depreciation (69,336,561.00)
Construction in process and
prepayment for equipment
17,685,910.00
Fixed assets
75,990,301.00
Intangible Assets
Goodwill
124,762.00
Deferred pension cost
351,778.00
Other intangible assets 1,932,773.00
Intangible assets
2,409,313.00
Other Assets
Idled assets
264,303.00
Guarantee deposits paid 103,971.00
Deferred charges
724,304.00
Other assets 1,092,578.00
Assets
312,071,702.00
Liabilities and Stockholders' Equity
Liabilities
Current Liabilities
Short-term borrowings 12,579,492.00
Short-term notes and bills
payable
3,197,472.00
Financial liabilities measured
at fair value
through profit or loss -
current 4,219.00
Hedging derivative liabilities
- current
17,173.00
Accounts payable
994,935.00
Accounts payable - related
parties 8,670,316.00
Accrued expenses
6,741,568.00
Other payables - related
parties 3,639,853.00
Other payables 1,538,874.00
Long-term liabilities - current
portion
11,883,794.00
Other current liabilities
1,254,506.00
Current liabilities
50,522,202.00
Long term Liabilities
Short-term borrowings
12,579,492.00
Hedging derivative liabilities
- non current 230.00
Bonds payable
19,670,115.00
Long-term borrowings
27,629,467.00
Long-term liabilities
47,299,812.00
Reserves
Other Liabilities
Pension reserve / accrued
pension liability
6,605,487.00
Deferred income tax
liabilities 219,127.00
Other liabilities - other
109,597.00
Other liabilities
6,934,211.00
Liabilities
104,756,225.00
Stockholders' Equity
Capital
Common stock
57,204,716.00
Capital Surplus
Capital surplus - additional
paid-in capital
8,130,081.00
Capital surplus - other
4,684,350.00
Capital surplus 12,814,431.00
Retained Earnings
Legal reserve
26,949,990.00
Special reserve
33,542,613.00
Unappropriated retained
earnings
44,991,437.00
Retained earnings
105,484,040.00
Stockholders' Equity and Other adjustment
Cumulative translation
adjustments
3,740,779.00
Unrealized gains (losses) on
financial instruments
27,891,132.00
Unrealized Revaluation
Increment 180,379.00
Equity adjustments 31,812,290.00
Stockholders' equity
207,315,477.00
Income Statement
Currency : NTD
Denomination : in Thousands
30
September, 2008
--------------------------
Sales 153,400,974.00
Sales discounts and allowances 123,461.00
Sales
153,277,513.00
Operating income
153,277,513.00
Cost of sales
134,685,921.00
Operating costs 134,685,921.00
Gross profit (loss) from operations 18,591,592.00
Unrealized gains on intercompany transactions (4,895.00)
Selling expense 3,660,548.00
General and administrative expenses 2,259,649.00
Research and development expenses 737,784.00
Operating expenses 6,657,981.00
Operating income (loss)
11,938,506.00
Non-Operating Income
Interest income 234,120.00
Income from long-term equity investments
under the equity method
17,060,181.00
Dividends
6,953,820.00
Investment income
24,014,001.00
Gains on disposal of fixed assets 52,512.00
Gains on physical inventory
13,591.00
Foreign exchange gains
474,901.00
Rent income
83,935.00
Miscellaneous income
632,786.00
Non-operating revenues and gains 25,505,846.00
Non-Operating Expenses
Interest expense 890,133.00
Loss on disposal of fixed assets 3,013.00
Loss on physical inventory
4,333.00
Revaluation loss on financial assets 209,665.00
Revaluation loss on financial liabilities 16,060.00
Miscellaneous disbursements 90,015.00
Non-operating expenses and losses 1,213,219.00
Income from continuing operations
before income tax
36,231,133.00
Income tax expense (benefit)
1,918,089.00
Income from continuing operations 34,313,044.00
Net income (loss)
34,313,044.00
Primary earnings per share
6.00
*Long & Short Term Investment*
==========================
(1)
Type of Investment : PVC Factory
in Baton Rouge, Louisiana
Year of Investment : 1987
Investment Amount : USD 65 million
(2)
Type of Investment : 2 units
3,200 ton vessel
Year of Investment : 1987
Investment Amount : USD 50 million
Details :
Specifically designed for the purpose of shipping petrochemical materials
(3)
Type of Investment : PVC Plant
in China
Date of Investment : June 2002
Investment Amount : USD 43 million
Details :
Initial investment for a NTD150 billion (USD 4.4 billion) of a 1,100-hectare
petrochemical zone in Ningbo of Jiangsu province in China for production of PVC
products.
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
1998 $1,193,483,033.33 $3,373,727,633.33
$204,803,100.00
1999 $1,284,254,468.75 $4,422,347,937.50
$247,962,125.00
2000 $1,610,370,544.32 $4,998,541,555.21 $401,163,483.67
2001 $1,735,746,198.49 $4,777,865,728.38 $194,599,477.66
2002 $1,888,783,328.54 $4,951,908,335.73 $284,520,638.11
2003 $2,435,656,891.58 $5,294,111,995.39 $478,839,359.86
2004 $3,667,324,000.00 $6,519,324,300.75 $1,093,219,879.70
2005 $4,288,100,631.91 $7,353,733,965.24 $1,048,546,571.88
2006 $4,457,624,093.11 $8,610,305,169.29 $933,776,178.96
2007 $5,479,988,352.44 $10,276,408,509.35 $1,442,686,753.17
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2001 $272,512,805.80 $698,781,195.59 $971,294,001.39
2002 $329,117,562.52 $787,007,760.85 $1,116,125,323.37
2003 $437,716,262.98 $1,147,635,524.80 $1,585,351,787.78
2004 $499,849,624.06 $1,499,849,624.06 $1,999,699,248.12
2005 $657,503,949.45 $2,030,647,709.32 $2,688,151,658.77
2006 $524,788,391.78 $2,130,894,800.48 $2,655,683,192.26
2007 $659,022,329.51 $2,830,718,165.36 $3,489,740,494.87
SC is considered large-sized in its line with a development history of
54 years. Taking into consideration of SC’s general performance, a credit line up
to USD 30,000,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5162 Plastics
Mat'ls/Basic Forms
Importing 3494 Valves
and pipe fittings,
Importing 3635 Vacuum
cleaners, household type, electric, and parts,
Manufacturing 2273 Carpets
and rugs
Manufacturing 2281 Yarn,
spun, of cotton, man-made fibers, and silk
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2812 Alkalies
and chlorine
Manufacturing 2821 Plastics
materials and resins
Manufacturing 2823 Manmade
fibers, cellulosic
Manufacturing 2841 Soap
and other detergents, except specialty cleaners
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2849 Carbides
Exporting 2916 Unsat
acyclic & cyclic monocarbox acid & anhyd etc
Exporting 3901 Polymers
of ethylene, in primary forms
Exporting 3903 Polymers
of styrene, in primary forms
Exporting 3904 Polymers
of vinyl chloride etc., in primary forms
Exporting 3923 Containers
(boxes, bags etc), closurers etc, plastics
Exporting 5501 Synthetic
filament tow
Exporting 5503 Synthetic
staple fibers, not carded, combed etc.
Exporting 5506 Synthetic
staple fibers, carded, combed etc.
Importing 2501 Salt
incl table & dentrd, pure sodium chloride
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Vacuum
pumps
Importer Acrylic
nitrile
Manufacturer Bags, polythene-
PVC- PE- PP
Manufacturer Calcium
carbide
Manufacturer HDPE resin
Manufacturer Solvents,
HCFC
Manufacturer Gypsum
Manufacturer 2-ethyl hexyl
acrylate
Manufacturer EDC
Manufacturer Carbon fiber,
reinforced
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Importing
North America Exporting,Importing
Pacific Exporting,Importing
South America Exporting,Importing
Algeria Exporting
Argentina Exporting
Armenia Exporting
Australia Exporting,Importing
Austria Importing
Bahrain Exporting,Importing
Bangladesh Exporting
Belgium Exporting,Importing
Brazil Exporting,Importing
Bulgaria Exporting
Cambodia Exporting
Cameroon Exporting
Canada Exporting,Importing
Chile Exporting,Importing
China Exporting,Importing
Colombia Exporting
Costa Rica Exporting
Cuba Exporting
Denmark Exporting,Importing
Dominican Republic Exporting
Ecuador Exporting
Egypt Exporting
El Salvador Exporting
Ethiopia Exporting
Fiji Exporting
Finland Exporting,Importing
France Exporting,Importing
Germany Exporting,Importing
Ghana Exporting
Greece Exporting
Honduras Exporting
Hong Kong Exporting,Importing
India Exporting,Importing
Indonesia Exporting,Importing
Iran Exporting,Importing
Israel Exporting
Italy Exporting,Importing
Japan Exporting,Importing
Jordan Exporting
Kenya Exporting
Kuwait Exporting
Lebanon Exporting
Lesotho Exporting
Lithuania Exporting
Luxembourg Importing
Macao Exporting
Madagascar Exporting
Malaysia Exporting,Importing
Maldives Exporting
Mexico Exporting,Importing
Mongolia Exporting
Myanmar Exporting
Namibia Exporting
Netherlands Exporting,Importing
New Zealand Exporting,Importing
Nicaragua Exporting
Nigeria Exporting
North Korea Exporting
Norway Exporting,Importing
Pakistan Exporting
Paraguay Exporting
Peru Exporting
Philippines Exporting,Importing
Poland Exporting,Importing
Portugal Exporting
Qatar Exporting,Importing
Russia Exporting,Importing
Saudi Arabia Exporting,Importing
Senegal Exporting
Singapore Exporting,Importing
Slovenia Exporting
South Africa Exporting,Importing
South Korea Exporting,Importing
Spain Exporting,Importing
Sri Lanka Exporting
Sudan Exporting
Suriname Exporting
Sweden Importing
Switzerland Exporting,Importing
Syria Exporting
Tanzania Exporting
Thailand Exporting,Importing
Trinidad & Tobago Exporting
Tunisia Exporting
Turkey Exporting
USA Exporting,Importing
Ukraine Exporting
United Arab Emirates Exporting
United Kingdom Exporting,Importing
Venezuela Exporting
Vietnam Exporting,Importing
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.79 |
|
UK Pound |
1 |
Rs.73.37 |
|
Euro |
1 |
Rs.63.08 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)