Formosa Plastics Relations expects pre-tax profits to record high in 2007
October 11 02:02:26, 2025
Taiwan's Formosa Plastics Group chairman, William Wong, announced on Wednesday that strong demand for petrochemical products is expected to push the company's full-year profit before 2007 to a record high. This optimistic outlook comes amid rising global demand for plastics and chemical materials, which has helped sustain the group's performance.
While Wong did not disclose specific pre-tax profit expectations, he emphasized that the group remains confident in its financial growth trajectory. Several subsidiaries under the Formosa Plastics Group, including Formosa Petrochemical Corp., Formosa Plastics Corp., Nan Ya Plastics Corp., and Formosa Chemicals & Co., Ltd., have yet to release their full-year 2007 results, with some companies planning to announce their figures in April.
A senior official from the company, who chose to remain anonymous, revealed that the group’s pre-tax profit in 2006 reached NT$294 billion (approximately US$9.11 billion). This figure highlights the company's robust financial standing and its ability to maintain profitability despite fluctuating market conditions.
Industry analysts suggest that the continued expansion of the group's petrochemical operations and strategic investments in new projects are likely to contribute to further growth in the coming years. With global energy and material demands on the rise, Formosa Plastics is well-positioned to capitalize on these trends and strengthen its market presence.