The current capital is 57.2 billion yuan. The current business and products of Formosa Plastics Group are as follows: In cooperation with the government to develop high value-added products and fine chemicals, Formosa Plastics Group also produces special chemicals, including acrylic acid and its esters, chlorofluorocarbons, acrylonitrile, methyl methacrylate, epichlorohydrin and methyl tert-butyl ether, of which acrylic acid and its esters have an annual production capacity of 262,000 metric tons, making it the only factory in Taiwan Province Province; At the same time, with the high-purity acrylic acid (HPAA) produced by acrylate factory, we set up a factory in Xingang to produce super absorbent resin with an annual production capacity of 40,000 metric tons, which is the only factory in Taiwan Province Province. HCFCs is the only manufacturer in Taiwan Province Province, supplying refrigerants for air conditioners, refrigerators and freezers, PU and PS foaming agents and clean electronic information products. They are important chemicals in modern life. With an annual production capacity of 280,000 metric tons, acrylonitrile is the largest production plant in Taiwan Province Province. It is supplied to the Taililang factory for its own use and to the ABS factory of Taihua Company, an affiliated enterprise. The annual production capacity of methyl methacrylate is 98,000 metric tons, and the annual production capacity of epichlorohydrin is100,000 metric tons, making it the largest production plant in Asia. It mainly supplies the epoxy factory of South Asia Company, an affiliated company, with an annual production capacity of174,000 metric tons, and mainly supplies Formosa Plastics Petrochemical Company, an affiliated company, as a gasoline additive. In addition, our company produces engineering plastic polyacetal resin (POM) in Xingang factory, which was successfully developed by Formosa Plastics Group, with an annual production capacity of 25,000 metric tons. In terms of calcium carbonate products, it includes Taiwan Province calcium agent, advanced calcium agent, quicklime and light rubber calcium. , is the only factory in Taiwan Province Province. Formosa Plastics Group also has a public works department, which is responsible for engineering design and planning, and also supplies common fluids for various factories. In addition, in cooperation with the huge pipeline project of the Sixth Light Industry Plan of this enterprise, a pipeline prefabrication plant is established and automatic machinery and equipment are used for construction, so as to improve work efficiency and quality.
In line with the company's diversified development strategy, the electronic project department was established, which not only has the ability to design and plan the software and hardware scheme of production automation, but also cooperates with Fuji Electric Technology of Japan to design and manufacture the software and hardware of large-scale distributed integrated electrical instruments and computer monitoring system (DCS).
Formosa Plastics Group invested and built 12 factories in Mailiao No.6 Light Industry Company. At present, all the factories have completed production, and most of the expansion and bottleneck elimination projects of No.6 Light Industry Company have also been completed. After completion, it will not only greatly increase the turnover of our company, but also alleviate the shortage of basic raw materials of Taiwan Province Petrochemical Company, and reprocess and produce special chemicals and engineering plastics, which is closely related to the acquisition of raw materials, cost control and the increase of added value of products in petrochemical industry, and at the same time, it can promote industrial upgrading and raise the level of domestic plastics, electronics, chemical fibers and other products.
Because the downstream processing industry in Taiwan Province Province has been transferred to the mainland in large quantities, and after more than ten years of economic reform and opening up, the petrochemical industry in the mainland has developed rapidly, and the required raw materials still need to be imported in large quantities, which will create huge business opportunities after China's entry into WTO. However, due to the high tariff protection measures in mainland China, it is quite difficult for raw materials in Taiwan Province Province to enter the mainland domestic market. In order to win the domestic market in Chinese mainland, Formosa Plastics Group actively laid out in Chinese mainland and planned a petrochemical zone in Ningbo Economic and Technological Development Zone. At present, the approved investment projects include PVC plant with an annual output of 300,000 tons, acrylate plant with an annual output of 230,000 tons, polypropylene plant with an annual output of 450,000 tons and super absorbent resin plant with an annual output of 30,000 tons.