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TPE:1301

8 stories mentioning TPE:1301Updated just now

Every FINWIRES story that references TPE:1301, newest first.

Asia

Market Chatter: Formosa Tokuyama Advanced Starts Work on NT$1 Billion Capacity Expansion Project

Formosa Tokuyama Advanced Chemicals Co, a joint venture company of Formosa Plastics Corp (TPE:1301) and Tokuyama Corporation (TYO:4043), has begun work to expand the capacity of its semiconductor materials facility in Kaohsiung, Taiwan, according to a Commercial Times report on Friday, citing company statements at a press conference.Formosa Plastics' shares were down 2% in Monday's trade.The company plans to invest NT$1 billion to start operations of the project in 2028, which will add 30 million kilograms of annual production capacity.Formosa Tokuyama Advanced Chemicals was established in collaboration with Formosa Plastics in 2020 to manufacture high-purity isopropyl alcohol for the electronics industry.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1301TYO:4043
Asia

Market Chatter: Formosa Plastics to Hike Wages Above Union's Demand

Formosa Plastics Corp (TPE:1301) will increase employee wages above its workers' union's request of a 3.66% hike, Focus Taiwan reported Tuesday.The plastic raw materials manufacturer will raise the pay by 4.5% following a meeting with FPG President Wu Chia-chao, the report said, citing the union's deputy head, Chen Hung-ju.The wage hike will take effect retroactively on July 1, according to the report.Formosa Plastics' shares were up nearly 4% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1301
Research

SinoPac Upgrades Formosa Plastics to Buy from Neutral; Price Target is NT$70

Formosa Plastics (TPE:1301) has an average rating of overweight and mean price target of NT$61.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

TPE:1301
Asia

Formosa Plastics' Sales Drop 2.7% in June

Formosa Plastics' (TPE:1301) consolidated sales fell 2.7% annually to NT$14 billion in June, according to a Thursday Taiwan Exchange filing.The company said lower shipment volumes, driven by reduced operating rates and cautious customer purchasing, more than offset higher product prices.Average selling prices remained above year-ago levels following the earlier rise in crude oil and petrochemical prices during the U.S.-Iran conflict.Monthly, June sales declined 6.5% as easing Middle East tensions and the reopening of the Strait of Hormuz pushed down crude oil, naphtha and petrochemical prices.Higher caustic soda shipments partly offset the monthly decline, the filing said.

TPE:1301
Asia

Market Chatter: TSMC Gets Green Light for $20 Billion Arizona Project

Taiwan has approved a $20 billion capital injection by Taiwan Semiconductor Manufacturing or TSMC's (TPE:2330) into its Arizona unit, allowing the chipmaker to move ahead with plans to build a 12-inch wafer fab and an advanced packaging plant in the US, Focus Taiwan reported Thursday.The approval from the Ministry of Economic Affairs' Department of Investment Review is the sixth for TSMC's US expansion, bringing the total value of its approved US investments to $44 billion. The company will announce further details of the Arizona project, according to the report.The department also cleared overseas investments by Nanya Technology (TPE:2408), Quanta Computer (TPE:2382) and Lite-On Technology (TPE:2301), along with projects by Formosa Plastics (TPE:1301), Taiwan Union Technology (TWO:6274) and Fubon Life Insurance, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1301TPE:2301TPE:2330TPE:2382TWO:6274
Asia

Formosa Plastics' Sales Edge Down in May

Formosa Plastics (TPE:1301) posted consolidated sales of NT$15 billion for May, up 0.7% from a year earlier, according to a filing with the Taiwan Stock Exchange.The company attributed the year-on-year increase to higher product prices driven by rising crude oil and petrochemical feedstock costs.Revenue declined 18.4% from the previous month due to lower sales volumes and weaker operating rates.

TPE:1301
Asia

Market Chatter: Formosa Plastics Expects Earnings Rebound in Q2

Formosa Plastics (TPE:1301) expects stronger earnings momentum in 2026, with management forecasting a sharp rebound in second-quarter profit followed by a potential return to full-year profitability, CNA reported Thursday, citing Chairman Kuo Wen-pi.He said second-quarter results are likely to improve significantly from the first quarter, supported by higher petrochemical prices and tighter supply conditions stemming from disruptions in Middle East capacity, according to the report.Despite an expected NT$10 billion loss in 2025, the company pointed to improving margins, seasonal demand strength, and downstream investment gains as factors supporting the outlook, while maintaining a NT$0.5 per share cash dividend, CNA said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:1301
Asia

Formosa Plastics' Revenue Edges Up in March; Shares Rally 9%

Formosa Plastics (TPE:1301) logged consolidated revenue of NT$17.4 billion for March, up 1.5% from a year earlier, according to a Friday Taiwan Exchange filing.Shares jumped about 9% in Monday's afternoon trade.Monthly, the revenue surged 61.6%, driven by higher sales volume and prices following fewer working days in the prior month due to the Lunar New Year holiday.The company said demand improved as customers restocked amid supply concerns linked to the US-Iran conflict, while stronger crude oil and petrochemical prices lifted product pricing.However, price gains were partly offset on an annual basis by lower average selling prices for key products such as PVC, polyethylene and caustic soda, as well as a stronger Taiwan dollar, it said.

TPE:1301

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