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Formosa Plastics Group Reports 1.39 Trillion TWD Revenue for First 10 Months, Nan Ya Hits 55-Month High
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-11-06
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Formosa Plastics Group posted a 23.2% year-on-year revenue growth for the first ten months, with Nan Ya achieving a 55-month high driven by strong electronic material demand.
What Happened
Revenue Performance: Formosa Plastics Group reported a combined October revenue of 163.9 billion TWD, marking a 62.5% year-on-year increase. Cumulative revenue for the first ten months reached 1.39 trillion TWD, reflecting a 23.2% growth compared to the previous year.
Nan Ya's Milestone: Nan Ya achieved a 55-month revenue high of 34.94 billion TWD in October, with electronic materials accounting for over 60% of its revenue. The company is currently operating near full capacity and has successfully optimized its product mix to boost average selling prices.
Operational Updates: Formosa Plastics and Formosa Chemicals & Fibre benefited from rising crude oil prices and improved market conditions for specific petrochemicals. However, Formosa Petrochemical saw a slight monthly decline due to scheduled maintenance at its CDU#2 unit.
Market Outlook: While rising raw material costs have prompted price hikes, downstream demand remains sluggish, limiting further upward momentum. The group continues to focus on high-end material development to sustain long-term growth despite current market resistance.
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