Formosa Chemicals & Fibre Corporation operates in the Industrial organic chemicals sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Formosa Chemicals & Fibre with three other
chemical manufacturers in Asia:
Rongsheng Petrochemical Co Ltd
sales of 82.21 billion Chinese Renmimbi [US$12.07 billion]
of which 72%
was Petrochemical production business),
Hengyi Petrochemical Co Ltd
(79.62 billion Chinese Renmimbi [US$11.69 billion]
of which 47%
was Polyester), and
China Petroleum Engineering Corp
based in CHINA
(65.05 billion Chinese Renmimbi [US$9.55 billion]
of which 44%
was Oil and Gas Field Surface Engineering).
Formosa Chemicals & Fibre reported sales of 315.50 billion Taiwanese Dollars (US$10.82 billion)
December of 2019.
decrease of 22.6%
versus 2018, when the company's sales were 407.86 billion Taiwanese Dollars .
Contributing to the drop in overall sales was the 54.3% decline
in First Chemical Division, from 58.35 billion Taiwanese Dollars to 26.69 billion Taiwanese Dollars .
There were also decreases in sales in
Plastics Division (down 15.2% to 100.16 billion Taiwanese Dollars )
Third Chemical Division and Taihuaxingye (down 11.0% to 62.91 billion Taiwanese Dollars )
Other (down 10.2% to 57.00 billion Taiwanese Dollars )
Second Chemical Division (down 31.9% to 41.71 billion Taiwanese Dollars )
Fu Mao Co. (down 0.6% to 27.04 billion Taiwanese Dollars )
However, these declines were partially offset by the increase in sales of
Fu Ke Co. (up 0.9% to 8.87 billion Taiwanese Dollars )