News / Taiwan / economic_daily
Formosa Plastics Group Reports August Revenue: Nan Ya Hits 50-Month High as Oil Prices Boost Formosa Petrochemical
Process Industries · Chemicals: Major Diversified · economic_daily · 2026-09-08
1301, 1303, 1326, 6505
Formosa Plastics Group announced August revenue results, with Nan Ya reaching a 50-month high on strong electronic material demand, while Formosa Petrochemical benefited from rising oil prices.
What Happened
Nan Ya's Record Performance: Nan Ya Plastics reported August revenue of NT$30.6 billion, a 46.7% year-on-year increase, marking its highest level in 50 months. The growth was primarily driven by its electronic materials segment, which now accounts for nearly 60% of its total revenue, supported by successful production capacity optimization.
Formosa Petrochemical's Gains: Formosa Petrochemical (FPCC) saw its August revenue climb to NT$81.9 billion, up 9.5% monthly and 50.3% annually. The company benefited significantly from higher international crude oil prices and expanded margins on exported refined petroleum products.
Operational Headwinds for Formosa and FCFC: Both Formosa Plastics and Formosa Chemicals & Fibre (FCFC) experienced month-on-month revenue declines due to scheduled maintenance and softer market demand. Formosa Plastics specifically noted lower sales volumes following the integration of its U.S. subsidiary and facility maintenance at its Mailiao complex.
Market Outlook: While high crude oil prices have supported petrochemical product pricing, the group faces headwinds from weak demand in China's automotive and real estate sectors. Companies are currently focusing on product differentiation and process efficiency to navigate conservative downstream procurement and geopolitical uncertainties.