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 Company established its value creation process through the identification and evaluation of the industrial chain. We analyzed the industry from a macro perspective through stakeholder communication and engagement, evaluated the future direction of our operations, and formulate related action plans.

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 down-stream, 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.

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 2022 is described below.