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In addition, Formosa Plastics Corporation, USA was founded in 1978 as a wholly owned subsidiary of FPC. [5] That subsidiary has, in turn, created four wholly owned chemical manufacturing subsidiaries in Delaware City, Delaware, Illiopolis, Illinois, Baton Rouge, Louisiana, and Point Comfort, Texas. Formosa Plastics Corporation's operations ...
Formosa Plastics Group (FPG, Chinese: 臺塑企業; pinyin: Tái Sù Jítuán) is a titular Taiwanese conglomerate of diverse interests, including biotechnology, petrochemical processing and production of electronics components. The group was founded by Wang Yung-ching and his brother Wang Yung-tsai, and is chaired by Wong Wen-yuan.
The Point Comfort facility is the largest Formosa Plastics plant in the United States. Opened in 1983, it covers 1,800 acres (7.3 km²) and employs 330 full-time employees and 3,500 contract workers, 2,500 of which are construction, and 1,000 are residential workers. [2]
JM Eagle is an American corporation and a manufacturer of plastic pipe. [1] At its 22 plants in North America, the company manufactures polyvinyl chloride (PVC) and high-density polyethylene pipe for a variety of industries including utility, plumbing, electrical, natural gas, irrigation, potable water, drainage, and sewage.
Wang's father was Wang Yung-ching, [1] founder of the plastics and petrochemicals conglomerate Formosa Plastics Group and one of the wealthiest individuals in Taiwan before his death in 2008. [2] His sister is Cher Wang, co-founder and chairperson (since 2007 [3]) of HTC Corporation and integrated chipset maker VIA Technologies. [4]
He was best known for being the chairman of Formosa Plastics Corporation, one of Taiwan's foremost plastic manufacturing establishments until his retirement in June 2006, where he stepped down at the age of 89. [1] In 2008, Forbes ranked him as the 178th richest person in the world with an estimated net worth of US$5.5 billion. [2]
Employees were dismissed, however, when water covered the parking lot and the adjacent road, and the plant lost power. President Joe Biden has approved an emergency declaration for Tennessee.
Formosa Plastics Group (1993–2009) United States (1983–1993) Taiwan (1993–2009) 1983: 2009: Dissolution: Evesham Technology — United Kingdom: 1983: 2008: Liquidation; assets purchased by Time Group: Floating Point Systems — United States: 1970: 1991: Acquired by Cray: Foonly — United States: 1976: 1989: Dissolution: Fortune Systems ...