Taipei Times
Date: Nov 08, 2016
By: Kuo Chia-erh / Staff reporter

Three major units of Formosa Plastics Group (FPG, 台塑集團), the nation’s largest industrial conglomerate, yesterday reported monthly revenue increases amid rising sales volume.

Formosa Plastics Corp (台塑), the group’s flagship company, reported revenue of NT$15.13 billion (US$480 million) for last month, a 15.6 percent increase from September, but an 8.8 percent decline from the same period last year.

“Most of our factories completed annual maintenance last month, which helped lift overall sales volume during the period,” Formosa Plastics Corp president Jason Lin (林健男) told a news conference.

The company is upbeat about its sales outlook for the end of this year, as the utilization rate is expected to be higher than previous months.    [FULL  STORY]