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Formosa Plastics Corporation (Chinese: 台灣塑膠公司; lit. 'Taiwan Plastics Company') is a Taiwanese plastics company based in Taiwan (formerly called "Formosa") that primarily produces polyvinyl chloride (PVC) resins and other intermediate plastic products.
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.
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On 6 September 2011, a fire broke out at Formosa Petrochemical's No. 3 refinery plant. The fire started because of a leakage during the start of an alkylation unit at the plant but was put out within 30 minutes. [3] On 15 July 2020, a fire broke out at No. 2 residual desulphurization unit. [4] [5]
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]
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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]