|
|
 |
|
|
|
 |
March 8, 2014 |
|
|
|
|||||||||||||||||||||||
|
|
Image:Formosa Plastics Group logo.png|right|thumbnail|This is the corporate logo for FPG The Formosa Plastics Group was formed in 1958, to reflect vertical integration of the PVC manufacturing process by the Formosa Plastics Corporation (FPC). Nan Ya Plastics Processing Corp. was formed to purchase PVC resins produced by FPC. A third member of the group, New Eastern Plastics Product, was formed to manufacture those processed resins into consumer goods. Nan Ya and New Eastern were later merged into a single entity, Nan Ya Plastics Corp., and upstream integration was achieved in the 1990s through the construction of an ethylene-producing naphtha cracking plant and a coal-burning power plant. In Taiwan, FPG has also diversified into many other fields, including textiles, electronics, medicine, skin care, automobile manufacturing, gasoline retail and petroleum refining. The complete list of constituent firms is Formosa_Plastics_Group#Constituent_Firms|below. FPG???s overseas expansion has focused primarily on the United States and mainland China. The group has purchased or constructed many PVC factories and chemical production facilities in both countries. American holdings also include Texas properties containing over 200 oil wells and lands rich in natural gas, pipeline and production firms, and an ethylene plant in Point Comfort, Texas that was constructed in 1988. Chinese expansion has included a power plant in Zhuangzhou, Fujian Province and at least 40 FPG-built factories across the country. FPG???s non-manufacturing operations include the Chang Gung Memorial Hospital, named for Wang Chang-gung, the late father of the FPG chairman. Since it was founded in 1976, the non-profit hospital has expanded to 5 cities in Taiwan and, in 1984, the Linkou branch undertook the first liver transplant operation in Asia. FPG’s naphtha cracker – the sixth petrochemical processing plant of that kind in Taiwan – was first proposed in 1973, but the ruling Kuomintang|KMT government was still imposing a monopoly at that time and denied permission. Permission was granted in 1986, as President_of_the_Republic_of_China|President Chiang Ching-kuo instituted reforms to loosen the authoritarianism instituted by his father, Chiang Kai-shek. At that time, FPG proposed a NT$90 billion complex that would be located in the Litzu Industrial Zone of Ilan County. Local residents opposed this plan on the basis of its environmental impact and, led by County Magistrate Chen Ding-Nan (陳定南), they eventually forced FPG to look elsewhere. The second site proposed by FPG, in Taoyuan County’s Kuanyin Industrial Zone, generated similar opposition from local residents. FPG shelved these proposals in 1989 and chairman Wang Yung-ching traveled secretly to mainland China to find a solution there. In 1990, Wang announced his intention to develop the complex on the People's Republic of China-controlled island of Haitsang, in Fujian Province. This announcement provoked considerable opposition from the KMT government, as legislation continued to forbid investments of that scale in the political rival of the Republic of China. Beyond condemning the project, officials also sought to convince FPG to keep the billion-dollar project in Taiwan. The sites in Ilan and Taoyuan counties were again considered, but local opposition continued to block development. In 1992, a solution was reached. An offshore site was found near Mailiao, in Taiwan’s impoverished Yunlin County, where local administrators welcomed the investment. Total investment in the complex, after four “phases” of construction throughout the 1990’s and early 2000’s, came to NT$650 billion and included the following major features:
This project provoked intense controversy, just as Chiang Ching-kuo’s reforms allowed tolerance for public expressions of dissatisfaction. The environmentalists’ public protests, including a 3000-person rally at the Ministry of Economic Affairs in 1990, reflected the island’s gradual transformation from authoritarianism to democracy. Beyond environmental concerns, there was public criticism of the project stemming from accusations of cronyism. Because the project appeared to receive special treatment from the government – including expedited approvals, an extended tax holiday, subsidized loans, very low prices for the land, and unique permission to maintain a private port – legislators from the newly-legal opposition parties voiced their indignation. During the construction of Naphtha Cracker No. 6, further trouble arose when 200 to 300 Thai (ethnic group)|Thai and Filipino people|Filipino workers engaged in a fight on 5 September 1999. The brawl was reported to have lasted eight hours. Despite all these complications, the plant has proceeded as scheduled and continues to enjoy government support. The following FPG companies are located in Taiwan:
FPG also maintains the following overseas subsidiaries:
The following educational and medical institutions also fall under the FPG umbrella:
Category:Companies of Taiwan This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Formosa Plastics Group".
|
|||||||||||||||||||||||
![[F]](/images/site.gif){kind=small}
|
|||
|
|
|
|
|
|||
|
All informatin on the site is © FamousChinese.com 2002-2005. Last revised: January 2, 2004 Are you interested in our site or/and want to use our information? please read how to contact us and our copyrights. To post your business in our web site? please click here. To send any comments to us, please use the Feedback. To let us provide you with high quality information, you can help us by making a more or less donation: |