CONNECT WITH US
NEWS TAGGED FORMOSA PLASTICS
Monday 10 November 2025
Formosa Plastics chief warns of prolonged supply glut from China, accelerates five-pronged transformation

Formosa Plastics Group (FPG) president Chia-chau Wu said China's rapid buildout of large-scale petrochemical plants has caused a lasting...

Monday 10 November 2025
Formosa Plastics reports softer October sales, AI-driven materials boost continued growth
Formosa Plastics Group's four core subsidiaries posted lower revenue in October 2025, showing both monthly and annual declines. Combined sales from Formosa Plastics Corporation (FPC),...
Sunday 17 August 2025
Formosa Plastics Group to set new benchmark for efficient, low-carbon battery cell manufacturing at Changbin plant
Formosa Smart Energy's (FSET) battery cell factory in Changbin Industrial Park is Taiwan's largest LFP battery manufacturer, with a capacity of 2.1GWh. The facility emphasizes sustainable...
Monday 11 August 2025
Formosa Plastics optimistic about market rebound despite capacity dip in 3Q25
Formosa Plastics released its outlook for the third quarter of 2025 on August 7. Despite a slight reduction in production capacity due to scheduled maintenance, the company remains...
Tuesday 20 May 2025
GE Vernova and Formosa join forces on hybrid power, LFP battery systems

Formosa Smart Energy Tech, a subsidiary of Formosa Plastics Group, has signed a memorandum of understanding (MOU) with GE Vernova to...

Thursday 2 January 2025
Taiwan's widening economic divide: Semiconductor boom overshadows struggling traditional industries
Taiwan's traditional industries, such as petrochemicals, are struggling while the high-tech semiconductor sector continues to thrive. This stark disparity highlights the widening...
Monday 31 July 2023
Formosa Smart Energy battery cells to enable electric buses, energy storage systems
Formosa Plastics Group is accelerating its transition to the new energy industry. Its subsidiary Formosa Smart Energy has launched its battery production business, aiming to support...
Wednesday 7 June 2023
Short lead-time orders for AI and automotive chips emerge, says Formosa Sumco
The logic IC sector has seen some short lead-time orders for AI and automotive chips, according to silicon wafer supplier Formosa Sumco Technology.
Friday 19 May 2023
Formosa Smart Energy Tech wants to unlock LFP, LMFP, and sodium-ion batteries all at once
Taiwan's top three lithium battery cell manufacturers right now are Formosa, Foxconn, and Taiwan Cement (TCC). Among them, Formosa Smart Energy Tech (FSET) was formed by integrating...
Thursday 18 May 2023
Asustek-affiliated TWS showcases Formosa Foundation Model, Taiwan's first LLM
Taiwan Web Service (TWS) has created Taiwan's first large language model (LLM) called the Formosa Foundation Model (FFM), which will be released as an enterprise generative AI solu...
Monday 17 April 2023
Formosa Smart Energy Tech builds domestic battery chain, breaks ground on Taiwan's largest battery cell plant
Formosa Smart Energy Tech (FSET), the sixth largest company under the Formosa Plastics Group, announced that it has invested over NT$16 billion (US$524 million) through its subsidiary...
Tuesday 7 March 2023
Formosa Smart Energy forging close ties with major carmaker
Formosa Smart Energy Tech (FSET) has reportedly been approached by a major European carmaker with plans to jointly construct a lithium battery plant in the US.
Thursday 2 February 2023
Formosa 2 completes installation of all offshore wind turbines
Offshore wind farm developer Formosa 2 Wind Power has completed installation of all of the 47 offshore wind turbines on the Formosa 2 offshore wind farm covering water area of 68.81...
Wednesday 21 December 2022
FSET begins operation of AFC energy storage system
Formosa Smart Energy Tech (FSET), an LFP (lithium iron phosphate) battery maker belonging to the Formosa Plastics Group, has inaugurated an energy storage system with installation...
Monday 24 October 2022
FPG taps deeper into lithium battery field
Formosa Plastics Group (FPG) has taken a big stride forward in the development of lithium batteries for household, commercial energy storage and charging pile applications, with its...