About Formosa Plastics - An Overview

About Formosa Plastics - An Overview
Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 2,400 people who operate 20 production units in six business divisions - Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, Chlor-Alkali, and Oil & Gas.
Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene® tradename; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon® tradename. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid.

We are committed to supplying the highest quality products and services to our customers, providing a safe and healthy workplace for our employees and contributing to the quality of life in the communities where we operate. This commitment is made possible through our dedicated people, consistent products, continued protection of the environment and ongoing investments in new product development, quality control systems and safe, modern and energy-efficient production facilities.

Formosa Plastics is a privately held company headquartered in Livingston, New Jersey. Our core business, producing plastic resins and petrochemicals, takes place at two wholly-owned chemical manufacturing subsidiaries located in Baton Rouge, Louisiana and Point Comfort, Texas.

We have invested billions of dollars on building, expanding and streamlining our production facilities and product supply systems. The result is a manufacturing base that is among the newest, most efficient and technologically advanced in the industry. Each of our plants features sophisticated computerized process control systems and state-of-the-art quality control laboratories.

One important way in which we differentiate ourselves in our marketplaces is through the extensive vertical integration of our supply chain. We produce oil and gas through our subsidiary Neumin Production Company, transport these raw materials through our subsidiary Lavaca Pipe Line Company and process natural gas into its components through our subsidiary Formosa Hydrocarbons Company. In addition, many products are delivered to our customers through our own fleet of large, modern railcars.

Formosa Plastics Group (Taiwan)
Formosa Plastics Corporation, U.S.A. is affiliated with the Taiwan-based Formosa Plastics Group (FPG), a global leader in petrochemicals, plastics and many other industries. Founded in 1954, FPG has grown from what was then the world's smallest PVC production facility into a worldwide organization; the group has annual revenues of more than $74 billion and over 103,000 employees. FPG also operates several prominent educational and medical institutions in Taiwan.


Our Company Vision states:

"Each individual in our Company takes personal pride in achieving performance excellence. Through our common goal we aspire to explore, challenge, and strive to exceed the best industry practice in every task performed.

This enables us to maintain global competitiveness, achieve healthy, continual growth that will benefit society, and fulfill our commitment to our customers and responsibility to our colleagues ."


"Everything we do at Formosa is measured against the Guiding Principles that form the foundation of our business"

Because no successful bond can be formed without trust, we are fair and honest in all our relationships and transactions, whether they be with customers, suppliers, employees or the communities in which we operate.

Customer Service
For our business to grow and succeed, we must provide our customers with service that satisfies their current requirements and anticipates their future needs.

Environmental Responsibility
We cannot measure success merely in terms of profits. We must also be mindful of our environmental performance and responsibilities. This responsibility is not a burden, but rather, an opportunity that will enable us to continue to operate and improve our standing in the community.

Workplace Health and Safety
We are committed to the health and safety of our employees and the communities in which we operate. Through the joint efforts of every employee we shall keep our environment clean and our workplace free of health and safety hazards for ourselves, for our communities and for our future generations.



FPCTX UnitedWay2015

Each fall the site sponsors the Formosa Plastics United Way Golf Tournament. In 2015, the tournament raised $120,000 (photo at left) to support United Way efforts and programs in both Victoria and Calhoun Counties.


Our Point Comfort site consists of sixteen production units and a variety of support facilities at its nearly 2,500-acre petrochemical complex.

The site's initial VCM/PVC plant went online in 1983. An additional investment of $1.5 billion in 1994 added several more operating units -- Olefins, LLDPE, HDPE, Polypropylene, Chlor-alkali, Ethylene Dichloride, power co-generation (steam and electricity) and a new wastewater treatment facility. At the time, this expansion was the largest one-time, private investment in the state of Texas.

In 1998, the site initiated a second major expansion project. That $900 million investment added a second Olefins plant, a second HDPE plant and a second polypropylene plant. Environmental protection was an important factor in equipment design. While increasing production capacity by 60%, the site was able to continue operating under the same water permit restrictions granted in 1993. In addition, significant production expansions and upgrades were added in 2002. The site operates an extensive water-reuse program.

The new Specialty PVC production plant has started up and is being optimized. Also, the new Circulating Fluidized Bed (CFB) energy unit has started up and has been fully converted to clean-burning natural gas. The CFB plant is providing reliable, highly energy-efficiency steam and electricity.

Meanwhile, we've begun our next major production capacity expansion, which will add a third olefins unit, a propane dehydrogenation (PDH) unit, a LDPE resin plant, another HDPE resin plant and an additional polypropylene (PP) line.

In The Community

Formosa Plastics' Point Comfort site's employees contribute their time and resources to local education and community events, including school, civic, cultural, municipal, and youth programs. Some of these programs include: Boy Scouts, Calhoun County Chamber of Commerce, Calhoun County ISDPartners in Education, Girl Scouts, Lions Club, Rotary, South Texas Blood and Tissue Center, United Way and the YMCA.



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