Formosa Plastics Group targets NT$38.6 billion annual benefit from transformation by 2030
- FPG has launched 113 transformation projects, forecasting NT$38.6 billion in annual profit by 2030, split into NT$21.3 billion from transformation benefits and NT$17.3 billion from differentiated products.
- 21 transformation projects are complete, delivering NT$1.44 billion in annual benefit so far.
- By 2025 FPG invested NT$3.1 billion in AI across 2,145 cases, producing NT$7.8 billion annual benefit to date and targeting NT$30 billion annually.
- Mailiao Industrial Complex recorded 15,908 circular‑economy projects (NT$47.57 billion invested) with NT$41.96 billion annual return and large reductions in water, electricity and CO2 use.
Supply shocks and operational response
FPG reported upstream raw‑material disruptions after shipping interruptions in the Persian Gulf, prompting Formosa Petrochemical Corporation and Formosa Plastics Corporation to declare Force Majeure on March 9 and March 10. The group has implemented inventory quotas, adjusted lead times, and is rerouting shipments and sourcing alternatives to restore supply and lift Force Majeure status.
Transformation programme and targets
The group has 113 transformation projects projected to generate NT$38.6 billion in annual profit by 2030, comprising NT$21.3 billion from transformation measures (21 projects complete, yielding NT$1.44 billion annually) and NT$17.3 billion from differentiated‑product gains.
Product strategy and enablers
FPG is exiting low‑price commodity grades to focus on high‑margin differentiated products; differentiated product share at FPC, NPC and FCFC is expected to rise from 54.1% in 2025 to 56.4% in 2026, adding roughly NT$470 million in monthly profit in 2026 versus 2025. Digital governance and AI are core enablers: NT$3.1 billion invested by 2025 across 2,145 cases delivering NT$7.8 billion annual benefit to date and a future NT$30 billion annual target. The Mailiao complex reports extensive circular‑economy results with substantial resource and emissions savings.
Company‑level milestones and timelines
FPC plans electronic‑grade IPA recovery by 2026, HF and ALD precursor lines by 2027 and further electronic‑grade mass production by 2028, plus new polymers and 16.3 MW solar capacity. NPC aims to lift differentiated ratio to 58.2% in 2026 and launch medical and semiconductor product lines (~NT$1.4 billion and ~NT$3 billion annual outputs). FCFC has 667 AI cases and will install 5N electronic‑grade hydrogen purification by 2027. FPCC targets ethane import completion end‑2026 and operation Q1 2027, reported >5,500 t SAF in 2025 (reducing 14,118 t CO2) and trialled an HSBC plant (Nov 2025) with ~NT$250 million estimated annual contribution.
Source: Formosa Chemicals & Fibre Corp