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Nan Ya Plastics 

“Market Cap $16.74 B As of May 2014

At a Glance

  • Industry: Diversified Chemicals
  • Founded: 1958
  • Country: Taiwan
  • CEO: Chia-Chau Wu
  • Website: www.npc.com.tw
  • Employees: 34,224
  • Sales: $10.23 B
  • Headquarters: Kaohsiung City

Forbes Lists

#702 Global 2000

  • #938 in Sales
  • #903 in Profit
  • #1173 in Assets
  • #670 in Market value
Profile

Nan Ya Plastics Corp. is engaged in the specialty chemicals industry. It operates through the following divisions: Electronic Materials, Petrochemicals, Plastic Products, and Polyester Fiber and Utility Products. The company was founded by YungChing Wang and YungTsai Wang on August 22, 1958 and is headquartered in Kaohsiung, Taiwan.

“Nan Ya Plastics History

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.

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 after the late father of the FPG chairman, Wang Chang-gung. Since its founding in 1976, the non-profit hospital has expanded to 5 cities in Taiwan. In 1984, the Linkou branch undertook the first liver transplant operation in Asia.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “surendarrevuri