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Formosa Plastics Corp (1305-TW) Returns to Profit, Plans Production Cuts for Q3

Process Industries · Chemicals: Major Diversified · cnyes · 2026-08-26

1305

Formosa Plastics Corp reported a return to profitability in H1 due to low-cost inventory, but plans to reduce production in Q3 to manage high raw material costs.

What Happened

H1 Financial Performance: Formosa Plastics Corp (1305-TW) successfully turned a profit in the first half of the year, ending seven consecutive quarters of losses with a net profit of NT$12 million and an EPS of NT$0.02.

Market Headwinds: The company is facing significant pressure from volatile ethylene prices driven by Middle Eastern geopolitical tensions and weak demand from the Chinese real estate sector.

Strategic Production Cuts: Spokesperson Wu Jianxing announced that the company will implement maintenance and production cuts in Q3 to maintain profit margins by balancing high input costs with reduced supply.

Future Outlook: Management expects market conditions to improve in Q4 as regional supply-demand dynamics stabilize and demand from markets like India begins to recover.

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