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:
Kingfa Sci&Tech Co Ltd
sales of 35.06 billion Chinese Renmimbi [US$5.47 billion]
of which 58%
was Modified Plastic),
Kuraray Co Ltd
(541.80 billion Japanese Yen [US$4.92 billion]
of which 40%
was Vinyl Acetate), and
UBE Industries Ltd
based in JAPAN
(667.89 billion Japanese Yen [US$6.06 billion]
of which 44%
was Construction Materials Business).
During the first
quarter of 2021, sales at Formosa Plastics totalled
60.60 billion Taiwanese Dollars .
an increase of 44.2%
from the 42.02 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 Plastics in the previous 34 quarters.
Formosa Plastics reported sales of 185.81 billion Taiwanese Dollars (US$6.72 billion)
December of 2020.
decrease of 10.6%
versus 2019, when the company's sales were 207.85 billion Taiwanese Dollars .
The sales level in 2020 was fairly close to the level five years ago: in 2015, Formosa Plastics had sales
of 191.55 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 33.7% decline
in Chemical, from 27.97 billion Taiwanese Dollars to 18.54 billion Taiwanese Dollars .
There were also decreases in sales in
Plastic (down 13.4% to 62.59 billion Taiwanese Dollars )
Polypropylene (down 8.0% to 33.95 billion Taiwanese Dollars )
Tairylan (down 8.2% to 27.86 billion Taiwanese Dollars )
However, these declines were partially offset by the increase in sales of
Polyolefin (up 5.8% to 39.22 billion Taiwanese Dollars )
Other Segment (up 11.8% to 3.65 billion Taiwanese Dollars )