Business Strategy

All sectors are highly concerned about developments in corporate sustainability due to the impact of the pandemic and extreme weather events in recent years. FPCC is working to become aligned with international standards with the group's past and future in mind, and is actively combining its sustainable development strategy with its core business as it continues to expand markets.

Industry Value Chain

The industry in which FPCC operates and the role it plays in the value chain remain the same as in previous years. We hope to analyze the industry from a macro perspective through the identification and evaluation of the industry chain, evaluate the future direction of our operations, formulate related action plans, and continue to communicate with and engage stakeholders.

Correlation Map of Products Manufactured by the Formosa Plastics Group

The petrochemical industry generally consists of fundamental materials, intermediate materials, and applied and processed products in the Downstream, which are quite closely related with one another. FPCC is located at the upstream of the industrial chain and its main material is crude oil imported from overseas. Main products include a variety of oil products and petrochemical raw materials

FPCC's Industry Value Chain

Industry Value Chain Results

FPCC understands the needs of stakeholders in the industry value chain through smooth communication and exchanges, and evaluates which fields to invest resources in. We periodically review the benefits obtained to achieve a meaningful positive cycle, maximizing the synergies from resource use. FPCC's performance in 2023 is described below.