Milestone
Formosa Plastics Group was founded by two founders in 1954. At the time, only four tons of PVC powder was produced daily, making FPG the smallest PVC powder manufacturer. Afterwards, FPG established professional managerial units in 1968, including a Group Administration, to assist in setting up comprehensive rules and regulations and promote "systemization of management and computerization of systems." These endeavors laid a solid foundation for FPG's pursuit of rationalized management.
With more than 60 years of hard work, FPG now has hundreds of subsidiaries, including Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fibre Corporation, Formosa Petrochemical Corporation, and Formosa Ha Tinh Steel Corporation, etc. These companies have factories in Taiwan, the U.S., China, Vietnam, the Philippines, and Indonesia. Also running large education and healthcare institutions, FPG is one of the major private enterprises in Taiwan.
July 27th
Donated NT$1 billion to the Ministry of Economic Affairs to assist in the relief and revitalization of small- and medium-sized enterprises struck by COVID-19.
October 30th
Collaborated with Tokuyama Corporation and established Formosa Tokuyama Advanced Chemicals Co., Ltd. to produce electronic-grade isopropyl alcohol (IPA) for advanced semiconductor manufacturing processes.
September 24th
Wen Yuan Wong, the president stated: We'll make every effort to promote the digital transformation, and utilize all digital technology (AI, AI+simulation, data, cloud, IoT, 5G) for process optimization and to improve business performance.
May 18th
Formosa Ha Tinh Steel Corp. (FHS) officially opened its second blast furnace. Molten iron was successfully produced on May 19th, marking the official completion of Term 1 engineering for FHS. Total molten iron production is expected to reach 5 million tons in 2018, with 4.65 million tons of annual steel sales.
February 8th
FPG donated NT$50 million to the post-earthquake reconstruction at Hualien, and arranged a 2-day trip to Hualien for 9 groups of employees from April 21st. Approximately 7,000 employees and their families took part in these trips to support the local tourism industry in action.
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December 13th
FHS reached the milestone of 1 million tons of in-house steel coil production.
August 10th
FPG opened its first tourism factory, "Formosa Biomedical Healthy Yoho Museum."
June 1st
FPG has separated its ownership from management rights, and established a "Executive Board."
May 29th
FHS's first blast furnace has formally gone into production and produced its first in-house slab on June 1st.
April
Formosa Petrochemical Corp. (FPCC) has planned to invest US$9.4 billion in Louisiana, USA, in which construction of a large-scale petrochemical plant was expected to begin in 2020.
February 6th
A severe earthquake in Meinung, Kaohsiung has devastated Tainan, and FPG donated NT$50 million to help with post-disaster reconstruction.
January 19th
FPCC and Japan-based Idemitsu Kosan Co., Ltd. formed a joint venture, "Idemitsu Formosa Specialty Chemicals Corporation" to produce C5 Hydrogenated Resin.
December 25th
FHS's hot rolling mill produced the first hot-rolled coil in Vietnam in test run.
November 10th
Linkou Chang Gung Memorial Hospital's "Proton and Radiation Therapy Center" was officially opened, marking the important milestone of photon therapy for cancer treatment in Taiwan.
September 3rd
Formosa Plastics Corporation (FPC) founded the 100%-owned "Formosa Industries Corporation" in Texas, USA, to produce High Density Polyethylene (HDPE).
July 30th
Japan-based JFE Steel Corporation announced its plan to invest in 5% of FHS's shares. The two parties would strengthen their partnership through technical assistance and supplying steel and iron products.
May 20th
Nan Ya Plastics Corporation America reinvested and established "Nan Ya Plastics Corporation USA" in Texas to produce ethylene glycol.
April
FPG invested in the construction of "Y.T. Food Safety Center" in Chiayi. It is the first food inspection institution formed as collaboration between the private and public sectors in Taiwan.
February
China Steel Corporation (CSC) decided to increase shareholding in FHS to 25% and to provide technical and steel-related expertise. FPC and CSC strengthened their partnership to jointly work toward building the steel business in Southeast Asia.
Multiple TWSE listed companies including FPC formed "Audit Committee," in which the function of supervisors were replaced by Independent Directors, who would facilitate the Board of Directors in supervising the quality and effectiveness of implementing co
December 2nd
Kaohsiung Chang Gung Memorial Hospital introduced the second photon treatment facility in Taiwan and Organiced the groundbreaking ceremony for the construction of its Proton and Radiation Therapy Center.
November 27th
Founder Wang Yung-Tsai passed away peacefully. Our "Chief Engineer for Sixth Naphtha Cracker Complex" was awarded with a presidential citation for his contributions to the Taiwanese industries and economy.
September 26th
"FPC Construction Company" was formed to take charge of various preparations for the urban renewal of the Formosa Plastics Group Head Office, which had been in use for 40 years.
July 31st
Large-scale gas explosion broke out in Kaohsiung, and FPC donated NT$20 million to aid in post-disaster reconstruction.
In line with Kaohsiung City Government's need in developing the Commerce and Trade Park, our plant in Kaohsiung ceased operations and personnel as well as equipment were moved. To maintain the early-stage office of our Founder, a "Founder Brothers Park of
August
8 companies including FPC have formally announced that they have introduced the Authorized Economic Operator certification procedure, which will simplify customs clearance procedures for importing and exporting goods.
May 30th
"Formosa Resources Corporation" was established to be in charge of developing mineral raw materials needed by the Group.
April
Strong earthquake hit Ya'an in Sichuan, China. FPC donated CNY 50 million to help with post-disaster reconstruction.
March 18th
FPCC established "Kraton Formosa Polymers Corporation" as a joint venture with US-based Kraton Corporation. The new joint venture will produce Hydrogenated Styrenic Block Copolymers (HSBC).
December 2nd
FHS Organiced the first blast furnace construction commencement ceremony in Vietnam. Annual production of 7.1 million tons of steel billets was expected for Term 1.
July
Term 4.7 expansion plan for the Sixth Naphtha Cracker Complex was approved by the government. The annual goal was to produce 40,000 tons of Hydrogenated Styrenic Block Copolymers (HSBC) per year to achieve high-quality petrochemical production.
FPC established "Formosa Mitsui Advanced Chemicals Co., Ltd. (FMAC)" as a joint venture with Japan-based Mitsui Chemicals, Inc. A lithium-ion battery electrolyte plant would be constructed at Ningbo, Zhejiang.
December
10 TWSE listed companies including FPC established Remuneration Committee, in which professionals would supervise the compensations and incentives for company directors, supervisors, and managers to enhance fairness.
August 1st
Chang Gung Institute of Technology was approved to be renamed as Chang Gung University of Science and Technology (CGUST).
January 11th
The construction of Linkou Chang Gung Memorial Hospital's "Proton and Radiation Therapy Center" started, and NTD 50 billion was invested to proactively improve the quality of cancer treatment in Taiwan.
US$2 billion was invested in Texas, USA for building factories related to ethane cracking and propane dehydrogenation, in order to seize advantages in low-cost production of petrochemical raw materials through shale gas.
Zhejiang Ningbo Plant was authorized for the Term 2 expansion project. More than US$1.6 billion was planned to be invested in building and expanding facilities for 10 petrochemical products.
December 31st
Yunlin Chang Gung Memorial Hospital was officially opened to provide medical and health care services to the local community.
August 8th
Typhoon Morakot devastated southern Taiwan, and FPG donated NT$1.2 billion to help with post-disaster reconstruction.
October 15th
Founder Wang Yung-Ching passed away peacefully in the United States. He was awarded with a presidential citation for his lifelong contributions to the country.
September 6th
A groundbreaking ceremony was held for the construction of Fujian Fuxin Special Steel Corporation, which would produce stainless steel products.
June
The plan for Formosa Ha Tinh Steel Corporation was approved and the groundbreaking ceremony on July 6th. An integrated steel mill and Shanyang deep-water harbor would be constructed. It was the biggest foreign direct investment project in Vietnam.
May 20th
"Formosa Energy & Material Technology Co., Ltd." was founded (later on renamed Formosa Lithium Iron Oxide Corp.), specializing in developing lithium iron phosphate batteries, which are primary components of electric vehicles.
May 12th
A 7.8-magnitude earthquake hit Sichuan, China. FPC led the industry in donating CNY 100 million to assist in post-disaster reconstruction.
May 6th
Xiamen Chang Gung Hospital was officially opened. It was the first time FPG had ever entered China's healthcare market.
The phase 4 of Sixth Naphtha Cracker Complex was completed. The construction contributed to considerable revenue growth of the entire group, exceeding NTD 2 trillion for the first time ever.
June 5th
Chairman Wang Yung-Ching and Vice Chairman Wang Yung-Tsai officially announced that the management rights and responsibilities would be handed over to the administrative center.
December
"Chang Gung Health and Culture Village" was officially opened, providing a comprehensive environment for elderly care.
August 1st
Ming Chi Technology Vocational School was renamed "Ming Chi University of Technology."
The overall revenue of FPG exceeded NTD 1 trillion (up to NTD 1.2 trillion)
December 15th
"Nan Ya Photonics Incorporation" was established, specializing in the development and production of high-end LED products.
November 10th
The former detergent team of Formosa Chemicals & Fibre Corporation was separated from the company and became "Formosa Biomedical Technology Corporation." Apart from producing detergents, it also began the development and production of skin products.
October
"Asia Pacific Energy Corporation" was established in the Philippines, specializing in power generation.
May
The 4th phase of Sixth Naphtha Cracker Complex began. NTD 130 billion was expected to be invested. In total, NTD 570 billion was invested in the 1st phase to 4th phase of No.6 Naphtha Cracker.
January 23rd
"Hwa Ya Technology Park" was established, specializing 12 inch (300 mm) silicon wafers.
Mingde Scholarship was founded in China to alleviate the financial burden of outstanding low-income students. Also, thousands of Mingde elementary schools were built in remote and poor areas to help improve the environment of primary education.
November 25th
"Formosa BP Chemicals Corp." was established, specializing in producing acetic acid for industrial uses.
August 1st
Chang Gung Junior College of Nursing was restructured to "Chang Gung University of Science and Technology."
June 26th
"Formosa Plasma Display Corp." was established, specializing in producing plasma displays and modules (the company was dissolved based on the board resolution in 2006).
May 1st
The groundbreaking ceremony was held for the construction of Formosa Abs Plastics (Ningbo) Limited Company in Zhejiang Province, China, marking FPG's first step into the market for petrochemical raw materials in China.
January 16th
Chang Gung Memorial Hospital was opened in Chiayi.
December
"Formosa Industries Corporation" was founded in Vietnam, producing chemical fibers and secondary processed plastic products.
August 20th
Formosa Idemitsu Petrochemical Corp. was founded, responsible for producing and selling PC pellets.
August 8th
Formosa Teletek Corp. was established, responsible for producing Bluetooth products for wireless communication (the company was dissolved based on the board resolution in 2006)
March 12nd
"Chang Gung Nursing home" was opened in Linkou.
September 2nd
The oil products of Formosa Petrochemical Corporation were fully launched and provided for all the gas stations in Taiwan, becoming the first private oil production company in Taiwan.
July 6th
"Formosa Plastics Marine Corporation" was founded, responsible for transporting oil products around Taiwan.
April 20th
"Formosa Technologies Corporation" was established, specializing in integrative digitalization services.
December 30th
"Formosa Daikin Advanced Chemicals Co. Ltd" was founded, responsible for producing electronic grade hydrofluoric acid.
October 12th
"Chang Gung Biotechnology" was founded, focusing on health and biotech industries.
September 21st
A 7.3 ML earthquake struck Taiwan. FPG donated NTD 300 million to post-disaster reconstruction and adopted and restored 16 schools hit by the disaster.
June 8th
"Formosa Environmental Technology Corp." was founded, specializing in transforming food waste into organic fertilizers for further development.
April 1st
"Formosa Oil" was founded, marking FPG's venture into the sales of gasoline and diesel.
February 5th
"Formosa Petrochemical Transportation Corporation" was founded, responsible for transporting oil products.
December 7th
The first factory of the Sixth Naphtha Cracker Complex officially underwent trial run and was expected to produce 450,000 tons of ethylene.
October 20th
"Formosa Automobile Corporation" was established, marking FPG's venture into the automobile industry.
May 8th
"Formosa Asahi Spandex Co., Ltd." was founded, producing elastic fibers.
October 28th
The circuit board business unit of Nan Ya was separated from Nan Ya and became Nan Ya Printed Circuit Board Corporation.
August 1st
"Chang Gung Medical and Engineering College" was restructured to "Chang Gung University"
August 2nd
"Formosa Plastics Maritime Corp." was founded, providing shipping management of Mailiao Harbor.
July 9th
"Nan Chung Petrochemical Corporation" was founded, producing raw materials for chemical fibers.
July 1st
The Chinese medicine department was established at Linkou Chang Gung Memorial Hospital. On August 1st, the outpatient clinic of the Chinese medicine department was opened.
June
Nan Ya took over Hwa Feng Company in Jiangsu Province, China to produce plastic films and sheets.
April 12th
In response to the government's promotion of investing in private power companies, FPG established "Mailiao Power Corporation."
November 21st
"Formosa Komatsu Silicon Corporation" (renamed Formosa Sumco Technology Corporation in 2006) was founded, focusing on the production of silicon wafers.
August 1st
Chang Gung Junior College of Nursing accepted 100 indigenous students into the 5-year program.
March 4th
"Nan Ya Technology Corporation" was founded, responsible for the development, production, and selling of DRAM.
July
The construction of Sixth Naphtha Cracker Complex officially began.
Nan Ya invested in building secondary processing plastic factories in China's Guangzhou and Xiamen in May and June, respectively.
April 4th
The Children's Hospital of Linkou Chang Gung Memorial Hospital was opened. In 1997, it was permitted to be autonomized, becoming the first children's hospital in Taiwan.
April 6th
"Formosa Petrochemical Corporation" was founded, specializing in oil production and refining, as well as marketing.
August
FPG announced the Sixth Naphtha Cracker Complex project would take place in Mailiao Township, Yunlin County.
February 4th
"Formosa Heavy Industries Corporation" was founded, marking FPG's venture into automatic storage systems, large precision machinery, and cogeneration equipment.
December
FPG established "Formosa Plastics Corporation, U.S.A." and "Nan Ya Plastics Corp. (Americas)" in Delaware.
June
"Chang Gung Junior College of Nursing" was established.
August 31th
"PFG Fiber Glass" was founded, specializing in producing electronic-grade glass fibers.
April 1st
Chang Gung Medical School was founded.
September 30th
After 13 years of hard work, the Sixth Naphtha Cracker Complex project was finally approved by Ministry of Economic Affairs.
January 1st
Kaohsiung Chang Gung Memorial Hospital was opened.
April 5th
Keelung Chang Gung Memorial Hospital was opened.
March 23rd
The first liver transplant in Asia took place at Linkou Chang Gung Memorial Hospital.
December
Nan Ya Plastics and HP worked together and founded a circuit board special team to enter the electronics industry.
July 6th
Chang Gung Hospital and Ming Chi Vocational School collaborated and founded a two-year nursing department -- the predecessor of Chang Gung Junior College of Nursing.
February
The construction of "Formosa Plastics Corporation, U.S.A." was completed, and it began producing primary processed plastic products.
March 6th
"Formosa Plastics Marine Corporation" was registered in Liberia.
July 12th
Nan Ya Plastics established "Nan Ya Plastics Corp. (USA)" in Delaware.
December 1st
Linkou Chang Gung Memorial Hospital was opened, becoming the biggest hospital in Asia.。
October 17th
Formosa Plastics Corporation established "Formosa Plastics Corporation, U.S.A." in New Jersey.
December 1st
"Chang Gung Memorial Hospital" was opened in Taipei.
February 5th
"Indonesia Nanya Indah Plastics Corp." was founded in Indonesia, which was FPG's first foreign investment.
January
FPG first put forward its naphtha cracker project to the government. The project was denied in May.
January
Formosa Chemicals & Fibre Corporation manufactured the first powder laundry detergent, entering the cleaning products industry.
May
"Group Administration" was set up.
November 1st
Formosa Chemicals & Fibre Corporation began its production, producing 50 tons of pulp per day and 45 tons of rayon per day.
August 18th
New Eastern Plastics Products Corp. was merged into Nan Ya Plastics Processing Company, and the latter was renamed "Nan Ya Plastics."
March 5th
"Formosa Chemicals & Fibre Corporation" was founded, marking FPG's venture into the textile industry.
October 30th
"Formosa Plastics Transport Corporation" was founded, responsible for transporting cargo within the corporate group.
December 1st
"Ming Chi Vocational School" was founded.
February 5th
"Chialing Plastics Company" was founded and renamed New Eastern Plastics Products Corp. on August 8th of the same year, which produced tertiary processed products
Formosa Plastics Corporation in Kaohsiung expanded its production capacity to 2,100 tons a month, laying a foundation its operations.
August 22nd
"Nan Ya Plastics Processing Company" was established, responsible for secondary plastics processing.
March 18th
" Formosa Plastics Company" began its production and produced 4 tons of PVC per day. It was also renamed Formosa Plastics Corporation.
July 26th
The founders received USD 790,000 from the U.S. and founded Formosa Plastics Company, which was registered in Kaohsiung, to produce PVC. It was approved on October 30th the next year.
