【Formosa Chemicals & Fibre Corp.】Announcement of the Company's April 2026 Consolidated Revenue
Formosa Chemicals & Fibre Corp. (TCFC) announced its consolidated revenue for April 2026 was 32.11 billion NTD. While down 4.8% month-on-month mainly due to sales volume decrease, it increased by 28.2% year-on-year due to rising prices driven by high crude oil prices.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 09:19 (1h 19m after Collected)
1. Date of occurrence of the fact: 115/05/07
2. Company name: Formosa Chemicals & Fibre Corporation
3. Relationship with the company (please enter 'the company' or 'a subsidiary'): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: Announcement of the company's April 2026 consolidated revenue of 32,101,065 thousand NTD.
6. Countermeasures: None
7. Other matters that should be specified (if the subject of the event or resolution is a public offering or above company, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices):
I. Comparison of April 2026 consolidated revenue with March 2026:
(I) April 2026 consolidated revenue was 32.1107 billion NTD, compared to March 2026's 33.72855 billion NTD, a decrease of 1.63 billion NTD, or 4.8%. Of this, the volume difference decreased by 4.92 billion NTD, and the sales price difference increased by 3.29 billion NTD.
(II) Regarding sales volume:
1. Formosa Chemicals & Fibre Corp. (TCFC): Decreased by 3.67 billion NTD.
The ARO-3 plant underwent annual maintenance, and PX and raffinate were resold to Formosa Petrochemical Corp., totaling a decrease of 2.53 billion NTD. SM was scheduled for maintenance in May, with reduced sales for inventory build-up, decreasing by 0.53 billion NTD. Phenol, PTA, PS, and ABS decreased by 0.47 billion NTD due to rising costs pushing up prices, with some downstream customers taking a wait-and-see approach or reducing production.
2. Formosa Chemicals & Fibre Corp. (Ningbo): Decreased by 0.99 billion NTD.
Mainly due to high prices for PS and ABS, downstream customers found it difficult to pass on costs, leading to a decline in purchasing momentum and a weakening market. Orders were selectively reduced by 0.73 billion NTD. Raffinate sales were reduced by 0.3 billion NTD to coordinate inventory and production/sales adjustments.
(III) Regarding sales price:
Due to the unresolved truce agreement in the Middle East military conflict, the Strait of Hormuz remained blockaded, keeping crude oil prices high and driving up prices for petrochemical and plastic products.
II. Comparison of April 2026 consolidated revenue with April 2025:
(I) April 2026 consolidated revenue was 32.1107 billion NTD, compared to April 2025's 25.0336 billion NTD, an increase of 7.07 billion NTD, or 28.2%. Of this, the volume difference decreased by 0.98 billion NTD, and the sales price difference increased by 8.05 billion NTD.
(II) Regarding sales volume:
1. Formosa Chemicals & Fibre Corp. (TCFC): Decreased by 0.11 billion NTD.
OX and PTA decreased by 0.72 billion NTD due to poor market conditions for downstream customers leading to reduced production and shutdowns, affecting off-take volume. PS and ABS promoted lean production, decreasing by 0.22 billion NTD. On the other hand, SM and phenol, which underwent scheduled maintenance last year, showed stable production this year, increasing by 0.89 billion NTD.
2. Formosa Chemicals & Fibre Corp. (Ningbo): Decreased by 0.83 billion NTD.
ABS sales decreased by 0.63 billion NTD due to significant price fluctuations caused by increased production by peers, and PTA customers' inability to smoothly pass on raw material costs, leading to reduced production and weakened buying interest. Raffinate sales were reduced by 0.28 billion NTD to coordinate inventory and production/sales adjustments.
3. Other subsidiaries: FIC Vietnam increased by 0.2 billion NTD, mainly due to the expansion of SPP pellet industrial specifications, optimizing product mix, and regaining lost customers. Formosa Idemitsu PC's revenue decreased by 0.08 billion NTD due to rising prices and reduced customer purchasing willingness.
(III) Regarding sales price:
Damage to some petrochemical energy facilities due to the US-Iran war and the blockade of the Strait of Hormuz route led to supply-demand imbalances, causing a sharp rise in crude oil and petrochemical plastic product prices.
Keywords: Material Information
2. Company name: Formosa Chemicals & Fibre Corporation
3. Relationship with the company (please enter 'the company' or 'a subsidiary'): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: Announcement of the company's April 2026 consolidated revenue of 32,101,065 thousand NTD.
6. Countermeasures: None
7. Other matters that should be specified (if the subject of the event or resolution is a public offering or above company, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices):
I. Comparison of April 2026 consolidated revenue with March 2026:
(I) April 2026 consolidated revenue was 32.1107 billion NTD, compared to March 2026's 33.72855 billion NTD, a decrease of 1.63 billion NTD, or 4.8%. Of this, the volume difference decreased by 4.92 billion NTD, and the sales price difference increased by 3.29 billion NTD.
(II) Regarding sales volume:
1. Formosa Chemicals & Fibre Corp. (TCFC): Decreased by 3.67 billion NTD.
The ARO-3 plant underwent annual maintenance, and PX and raffinate were resold to Formosa Petrochemical Corp., totaling a decrease of 2.53 billion NTD. SM was scheduled for maintenance in May, with reduced sales for inventory build-up, decreasing by 0.53 billion NTD. Phenol, PTA, PS, and ABS decreased by 0.47 billion NTD due to rising costs pushing up prices, with some downstream customers taking a wait-and-see approach or reducing production.
2. Formosa Chemicals & Fibre Corp. (Ningbo): Decreased by 0.99 billion NTD.
Mainly due to high prices for PS and ABS, downstream customers found it difficult to pass on costs, leading to a decline in purchasing momentum and a weakening market. Orders were selectively reduced by 0.73 billion NTD. Raffinate sales were reduced by 0.3 billion NTD to coordinate inventory and production/sales adjustments.
(III) Regarding sales price:
Due to the unresolved truce agreement in the Middle East military conflict, the Strait of Hormuz remained blockaded, keeping crude oil prices high and driving up prices for petrochemical and plastic products.
II. Comparison of April 2026 consolidated revenue with April 2025:
(I) April 2026 consolidated revenue was 32.1107 billion NTD, compared to April 2025's 25.0336 billion NTD, an increase of 7.07 billion NTD, or 28.2%. Of this, the volume difference decreased by 0.98 billion NTD, and the sales price difference increased by 8.05 billion NTD.
(II) Regarding sales volume:
1. Formosa Chemicals & Fibre Corp. (TCFC): Decreased by 0.11 billion NTD.
OX and PTA decreased by 0.72 billion NTD due to poor market conditions for downstream customers leading to reduced production and shutdowns, affecting off-take volume. PS and ABS promoted lean production, decreasing by 0.22 billion NTD. On the other hand, SM and phenol, which underwent scheduled maintenance last year, showed stable production this year, increasing by 0.89 billion NTD.
2. Formosa Chemicals & Fibre Corp. (Ningbo): Decreased by 0.83 billion NTD.
ABS sales decreased by 0.63 billion NTD due to significant price fluctuations caused by increased production by peers, and PTA customers' inability to smoothly pass on raw material costs, leading to reduced production and weakened buying interest. Raffinate sales were reduced by 0.28 billion NTD to coordinate inventory and production/sales adjustments.
3. Other subsidiaries: FIC Vietnam increased by 0.2 billion NTD, mainly due to the expansion of SPP pellet industrial specifications, optimizing product mix, and regaining lost customers. Formosa Idemitsu PC's revenue decreased by 0.08 billion NTD due to rising prices and reduced customer purchasing willingness.
(III) Regarding sales price:
Damage to some petrochemical energy facilities due to the US-Iran war and the blockade of the Strait of Hormuz route led to supply-demand imbalances, causing a sharp rise in crude oil and petrochemical plastic product prices.
Keywords: Material Information