Formosa Chemicals & Fibre Corporation operates in the Industrial organic chemicals sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Formosa Chemicals & Fibre with three other
chemical manufacturers in Asia:
China Petroleum Engineering Corp
sales of 70.70 billion Chinese Renmimbi [US$11.05 billion]
of which 41%
was Oil and Gas Field Surface Engineering),
Lotte Chemical Corp
of KOREA (SOUTH)
(12.22 trillion Korean Won [US$10.95 billion]
of which 76%
was Polymers), and
Mitsui Chemicals Incorporated
based in JAPAN
(1.34 trillion Japanese Yen [US$12.20 billion]
of which 46%
was Circuit Material).
During the first
quarter of 2021, sales at Formosa Chemicals & Fibre totalled
84.15 billion Taiwanese Dollars .
an increase of 30.6%
from the 64.44 billion Taiwanese Dollars in sales at the company during the first quarter of 2020.
This was the biggest same quarter rise in sales at Formosa Chemicals & Fibre in the previous 34 quarters.
Formosa Chemicals & Fibre reported sales of 253.29 billion Taiwanese Dollars (US$9.16 billion)
December of 2020.
decrease of 19.7%
versus 2019, when the company's sales were 315.50 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 37.3% decline
in Third Chemical Division and Taihuaxingye, from 62.91 billion Taiwanese Dollars to 39.43 billion Taiwanese Dollars .
There were also decreases in sales in
Plastics Division (down 10.8% to 89.31 billion Taiwanese Dollars )
Other (down 22.5% to 44.17 billion Taiwanese Dollars )
Second Chemical Division (down 10.3% to 37.42 billion Taiwanese Dollars )
First Chemical Division (down 18.8% to 21.67 billion Taiwanese Dollars )
Fu Mao Co. (down 21.1% to 21.32 billion Taiwanese Dollars )