Home / Knowledge / News / Textiles / FORMOSA announces 2008 annual report
FORMOSA announces 2008 annual report
19
Jun '09
In 2008, Formosa Plastics Corporation (FPC) reported sales revenue of U.S. $5.78 billion, up 0.2% YoY compared to 2007 sales revenue of U.S. $5.76 billion. This year's revenue reached 91% of FPC's original U.S. $6.35 billion target.

Pretax profits arrived at U.S. $575 million, down 64% YoY compared to 2007 pretax profits of U.S. $1.61 billion, reaching 41% of FPC's original target of U.S. $1.39 billion.

In the f irst half of 2008, prices of petrochemical products remained at a high level, driven by rising global crude oil
and naphtha prices as well as ethylene and propylene prices.

Strong economic growth in emerging countries also stimulated demand for petrochemical products. As such, profitability of petrochemical manufacturers remained robust.

Click here to view full report:

Formosa Petrochemical co.


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Ebay

Apparel/Garments | On 19th Jun 2018

eBay partners with Noon for e-commerce sales in Middle East

Noon, the $1 billion e-commerce venture backed by Dubai businessman...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Urmil Arya

Sushila International, a well established textile organisation established ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search