Formosa Plastics shows losses for 2025By Chen Cheng-hui / Staff reporterThe four major units of Formosa Plastics Group (FPG, 台塑集團), the nation’s largest industrial conglomerate, yesterday reported a combined net loss of NT$1.087 billion (US$34.4 million) for last year, due to a decrease in product prices amid China’s overcapacity and smaller sales volumes given the US tariff hikes. The four units — Formosa Plastics Corp (台灣塑膠), Nan Ya Plastics Corp (南亞塑膠), Formosa Chemicals and Fibre Corp (台灣化學纖維) and Formosa Petrochemical Corp (台塑石化) — had posted a combined net profit of NT$8.458 billion the year before. Facilities at the Formosa Plastics Group naphtha cracker complex in Yunlin County are pictured in an undated photograph. In addition, Formosa Chemicals and Fibre, a producer of aromatics and styrenics, had a net loss of NT$5.488 billion last year, or NT$0.94 in losses per share — its first-ever annual losses — amid falling crude oil prices and poor market conditions, its regulatory filing showed. Formosa Petrochemicals and Formosa Chemicals are also conservative about this quarter, citing the upcoming Lunar New Year holiday’s effect, with Formosa Petrochemicals pointing out the oversupply of global crude oil as a lingering issue from last year to add pressure to oil prices in the first half of this year, the companies said.

Source: Taipei Times January 12, 2026 16:01 UTC