Organizational Structure, Ethical Corporate Management

Management Approach (MA) for Material Topic

Organizational Structure, Ethical Corporate Management

Company Overview

Formosa Petrochemical Corporation (FPCC) was founded in 1992 and deals mainly with the production and sales of oil products and fundamental petrochemical materials. It was the first private oil refining business in Taiwan to produce and sell oil products such as gasoline and diesel. Its naphtha crackers, on the other hand, produce fundamental petrochemical materials such as ethylene, propylene, and butadiene, with a throughput scale topping the domestic list. In addition, there are the qualified heat and power combined co-generation system to supply various public utility fluids such as steam and power at its facilities in the Formosa Plastics Group Mailiao Industrial Park.

Business Philosophy

The Formosa Plastics Group has now developed into a comprehensive industrial group, and is active in a variety of fields. The Formosa Plastics Group has now developed into a comprehensive industrial group, and is active in a variety of fields. The momentum that drives the organization to constantly expand itself, grow, and become strong is exactly the underlying spirit that its two founders, Mr. Yung-Ching Wang and Mr. Yung-Tsai Wang, have emphasized and lived up to: hard work, being down-to-earth, aiming at perfection, sustainable management, and giving back to society.