>>
Home / Knowledge / News / Textiles / Formosa subsidiaries hit historic high sales of pertochem in May

Formosa subsidiaries hit historic high sales of pertochem in May

12
Jun '08
Hiking crude oil prices were a blessing for the four major subsidiaries of Formosa Plastic Group (FPG) who witnessed a combined sales record of NT$160.5 billion in May.

In the wake of towering international crude oil prices, downstream firms have been rushing to procure these petrochemical products. The subsidiaries experiencing high sales are Formosa Plastics Corp (FPC), Nan Ya Plastics Corp (Nan Ya), Formosa Chemical & Fibre Corp (FCFC) and Formosa Petrochemical Corp (FPCC).

Together they registered NT$704.3 billion (US$23.32 billion) in sales combined in the first five months of this year, helping it stand firm as Taiwan`s largest private-sector business conglomerate.

While FPCC scored NT$95.5 billion in May with sales hitting a historic record high, FPC also saw sales soaring to NT$19.389 billion in the same month, up by 14.1 percent compared to April.

Reasons can be attributed to strong market demand for FPC's product line including PE, EVA (ethylenevinyl acetate) and PVC (polyvinyl chloride). On the other hand, FCFC also posted second highest monthly record sales of NT$24.776 billion in May followed by Nan Ya which saw revenues accruing to NT$20.78 billion, up by 8.6 percent compared to the previous year.

Nan Ya also saw cumulative sales reach NT$102.48 billion in the first five months of this year, an increase of NT$21.18 billion from the year earlier.


Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Switch was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

J Vargas,

J Vargas

With a vision to be the world's top tier textile manufacturer, Badjatex...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

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

ESTEEMED CLIENTS

Splash
Brandix Lanka Limited
OVS Hong Kong Sourcing Ltd.
KIABI
Gatsby Africa
Chori Company Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Aquarelle Clothing Limited
Page Industries Limited (Bangalore)
Lacoste (Wanchai)
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Landmark Group
Midas Clothing Limited
John Varvatos
THE BOMBAY DYEING ;& MFG.CO. LTD
Gap International Sourcing Limited
Arvind Limited
Lifestyle
Aramark Uniform ;& Career Apparel, LLC
G-Star Raw C.V.
H;&M Hennes ;& Mauritz (Far East) Ltd
Decathlon
Seasalt Limited
International Textile Manufacturers Federation
Desigual - ABASIC, S.A.
NITI Aayog
MAS Active / MAS Kreeda / MAS Bodyline
Target Corporation (MN)
Maceton Limited
Gloria Jeans
Tchibo GmbH
Lululemon Athletica Inc
Gokaldas Exports Limited
Huntsman (Singapore) Pte Ltd
Amazon China
Vardhman Textile Ltd
Restoque S.A.
Hirdaramani International Export Private Limited
The LYCRA Company Singapore  Pte. Ltd
LC Waikiki
Walmart
Puma
Truetzschler India Private Limited
Permoda(Koaj/Armi/Pronto/Bkul)
BIANCA
Green Fibre
The Top Form Brassiere Manufacturing Company Limited
Eastman Chemical Company
PVH Corporation
Helly Hansen Far East Ltd
Groz-Beckert East Asia LLP
Sportswear Company Spa
Abit
Esprit Europe Services GmbH
Benetton Group
J ;& P Coats
Recron Polyester from Reliance Industries Limited
Alison Hayes Romania
SYNERGIES HONG KONG LIMITED
Under Armour Global Sourcing Ltd
Calvin Klein
Asos
KAS Direct Sourcing
TESCO INTERNATIONAL SOURCING LIMITED
Babyshop
Tommy Hilfiger
Varner AS Retail
Phong Phu international JSC (PPJ)
T.T. Limited
Rayonese Textile Inc., Division de Culp Inc.
C;&A Sourcing International Ltd
Alix Partners
Lenzing Aktiengesellschaft
Bluestem Global Sourcing Limited
SHAHI Exports Pvt Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Hela Clothing Pvt Ltd
Reiter India Private Limited
Guess Europe Sagl,
Cat Tuong Real Estate Group Joint Stock Company
Rosset ;& Cia Limited
Sportmaster Ltd.
Etam Group Strategy Hong Kong Limited
Tory Burch Hong Kong Ltd
Sainsbury's Argos Asia Limited
IDH – The Sustainable Trade Initiative
Chico’ FAS
Lisa S.P.A.
Vianney Textil Hogar S.A. De C.V.
Grasim Industries Limited

January 2022

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


Advanced Search