Reported 10 months ago
Formosa Plastics Group Chairman Hong Fu-yuan mentioned that the company will still face economic challenges in the coming years and emphasized the need to bravely confront them. The company is focusing on differentiation strategies to minimize the impact of oversupply in the market, aiming to sell to various countries and offer unique products. Hong also highlighted the company's efforts in sustainability transitions like carbon neutrality, ESG, and circular economy, distinguishing Formosa from its competitors in the industry with initiatives such as hydraulic power generation, a unique move globally among petrochemical companies.
Source: YAHOO