Reported 8 months ago
In a recent statement, Formosa Plastics Chairman, Hong Fu-yuan, expressed optimism regarding the company's performance in the second quarter, expecting it to outperform the first quarter. With shareholder concerns about challenges from oversupply and competition, especially from mainland China, Hong emphasized the company's focus on operational profitability and sustainability. Looking ahead, he anticipates improved operations in the second quarter, and a cautiously optimistic outlook for the second half of the year, given stable oil and energy prices and potential easing of inflation. Formosa Plastics is also investing in green energy projects and carbon reduction initiatives to align with environmental goals.
Source: YAHOO