Formosa Chemicals Apologizes for Last Year's Loss, Confident in Recovery
Formosa Chemicals & Fibre Corp (FCFC) Chairman Hong Fu-yuan apologized for the company's first annual loss since listing, while expressing confidence in this year's performance.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 11:21
- 🔍 Collected: May 31, 2026 at 23:40 (108h 19m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 01:05 (25h 24m after Collected)
Formosa Chemicals & Fibre Corp (FCFC) held its shareholders' meeting on the 27th. Chairman Hong Fu-yuan apologized to shareholders for the company's first annual loss since its listing. The company quickly responded by launching a streamlining plan and has maintained profitability since the third quarter of last year. President Lu Wen-jin stated that the first quarter of this year saw improved margins, with earnings per share exceeding 1 NTD. The company remains cautiously optimistic about the second half of the year.
FAQ
What is Formosa Chemicals' future strategy?
Focusing on high-value markets and diversifying raw material sourcing.