On 6 December 2024, Formosa Plastics Group posted overall revenue of NT$118.61 billion (US$3.66 billion) for last month, marking a 7.2 percent rise from October, but a 2.5 percent fall from one year earlier. The group has mixed views about its business outlook for the current quarter and beyond, as uncertainty builds over the US power transition and geopolitical tensions.
Formosa Petrochemical Corp booked NT$51.24 billion in revenue, up 12.7 percent from one month earlier, as cold weather boosted energy demand but a supply glut weighed on international oil prices. Formosa Chemicals and Fibre Corp saw its revenue grow 2 percent to NT$27.25 billion on better market diversification practices. Nan Ya Plastics Corp recorded NT$21.97 billion revenue, a 3.5 percent retreat from October, attributable to the low season and the Thanksgiving holiday in the US.
Read the full news on taipeitimes.com: Formosa Plastics anticipates volatility
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