Our Company Home » About Formosa » Our Company Contents Company NewsCompany OverviewOur Vision & Guiding PrinciplesVertical IntegrationGlobal DistributionDedication to Quality Company News Formosa Plastics Corporation, U.S.A. Clean Air Act Settlement – 9/15/21 Formosa Plastics Corporation, U.S.A. is announcing the resolution of regulatory matters related to its Risk Management Program (RMP) under Section 112(r) of the Clean Air Act including a settlement with the U.S Department of Justice. The regulatory issues stem from incidents that occurred from 2013 to 2016. As part of the settlement, the company has agreed to implement improvements to the Risk Management Program at its Point Comfort, TX facility and pay $2.85 million in civil penalties. Read More Operational Update: Impact of Severe Weather on FPC USA Operations – 2/18/21 Due to the severe weather conditions affecting the southern United States, the Formosa Plastics Corporation, U.S.A. production facilities in Point Comfort, TX and Baton Rouge, LA continue to be temporarily shut down or operating at reduced capacity. This affects all olefins, polyethylene, polypropylene, polyvinyl chloride, caustic soda, and bleach products manufactured by Formosa. Read More Formosa Plastics Corporation, U.S.A. Rounds Out Portfolio of Polyethylene Products with the Start-up of Low-Density Polyethylene Unit Formosa Plastics Corporation, U.S.A. (Formosa) is announcing the start-up of the low-density polyethylene (LDPE) unit at their facility in Point Comfort, Texas. The LDPE unit joins the high density polyethylene (HDPE) and linear-low density polyethylene (LLDPE) units already in operation. Read More More News Company Overview Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 3,000 people who operate over 20 production units in five business divisions – Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, and Chlor-Alkali. Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene® trade name; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon® trade name. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid. Our Vision & Guiding Principles Each individual in our Company takes personal pride in achieving performance excellence. Through our common goal we aspire to explore, challenge, and strive to exceed the best industry practice in every task performed. This enables us to maintain global competitiveness, achieve healthy, continual growth that will benefit society, and fulfill our commitment to our customers and responsibility to our colleagues. Everything we do at Formosa is measured against the Guiding Principles that form the foundation of our business: Integrity Because no successful bond can be formed without trust, we are fair and honest in all our relationships and transactions, whether they be with customers, suppliers, employees or the communities in which we operate. Customer Service For our business to grow and succeed, we must provide our customers with service that satisfies their current requirements and anticipates their future needs. Environmental Responsibility We cannot measure success merely in terms of profits. We must also be mindful of our environmental performance and responsibilities. This responsibility is not a burden, but rather, an opportunity that will enable us to continue to operate and improve our standing in the community. Workplace Health and Safety We are committed to the health and safety of our employees and the communities in which we operate. Through the joint efforts of every employee we shall keep our environment clean and our workplace free of health and safety hazards for ourselves, for our communities and for our future generations.” Vertical Integration We’re committed to supplying the highest quality products and services to our customers, providing a safe and healthy workplace for our employees and contributing to the quality of life in the communities where we operate. This commitment is made possible through our dedicated people, consistent products, continued protection of the environment and ongoing investments in new product development, quality control systems and safe, modern and energy-efficient production facilities. One important way in which we differentiate ourselves in our marketplaces is through the extensive vertical integration of our supply chain. We produce oil and gas and transport these raw materials through our subsidiary Lavaca Pipe Line Company, then our Formosa Hydrocarbons Company processes natural gas into its components for use by our production plants. In addition, many products are delivered to our customers through our own fleet of large, modern railcars. Global Distribution Formosa’s Marine Traffic department ships an average of 3.3 million short tons of liquid product annually to destinations around the world. This is typically shipped by an average of 490 barges and 120 ships per year. The deep water ships calling on the Formosa’s port in Point Comfort, TX typically can transport 36,000 short tons of product each. In-land barges typically transport 1500 short tons each. Rail Operations manages seven rail storage yards capable of holding 4200 railcars and ships polyethylene, polypropylene and polyvinyl chloride resins. Formosa owns over 7400 railcars in and leases an additional 1800 railcars. Formosa interchanges with the Union Pacific Railroad at our Lolita rail yard. where we currently ship ~3,360 railcars each month. More About Our Company Company News Dedication to Quality Our Operations My Formosa
