Formosa Plastics Corporation operates in the Plastics materials and resins sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Formosa Plastics with three other
plastic manufacturers in Asia:
sales of 464.86 billion Japanese Yen [US$4.40 billion]
of which 38%
was Synthetic Resin),
Kuraray Co Ltd
(575.81 billion Japanese Yen [US$5.45 billion]
of which 39%
was Vinyl Acetate), and
UBE Industries Ltd
based in JAPAN
(730.16 billion Japanese Yen [US$6.91 billion]
of which 43%
was Chemicals Business).
Formosa Plastics reported sales of 207.85 billion Taiwanese Dollars (US$7.08 billion)
December of 2019.
decrease of 9.8%
versus 2018, when the company's sales were 230.37 billion Taiwanese Dollars .
The sales level in 2019 was fairly close to the level five years ago: in 2014, Formosa Plastics had sales
of 216.59 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 17.2% decline
in Chemical, from 33.78 billion Taiwanese Dollars to 27.97 billion Taiwanese Dollars .
There were also decreases in sales in
Plastic (down 8.4% to 72.29 billion Taiwanese Dollars )
Polyolefin (down 6.8% to 37.08 billion Taiwanese Dollars )
Polypropylene (down 9.3% to 36.90 billion Taiwanese Dollars )
Tairylan (down 10.6% to 30.34 billion Taiwanese Dollars )
However, these declines were partially offset by the increase in sales of
Other Segment (up 0.6% to 3.27 billion Taiwanese Dollars )