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MarketScreener Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Formosa Plastics Corporation    1301   TW0001301000

FORMOSA PLASTICS CORPORATION

(1301)
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Formosa Plastics : moving ahead with Louisiana petrochemical project

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03/28/2018 | 04:51am EST

FG LA LLC, a subsidiary of Taiwans Formosa Petrochemical Corporation (FPCC), is currently in the process of permitting for phase 1 of its planned petrochemical complex in St. James Parish, Louisiana, company representatives told ICIS on the sidelines of this years International Petrochemical Conference (IPC).

FG LA LLC is independent of Formosa Plastics Corporation (FPC), which has a longstanding footprint in the US. FG LA LLCs project will be the first US investment for FPCC.

Phase 1 of the complex will include a 1.2m tonne/year cracker, a 600,000 tonne/year propane dehydrogenation (PDH) unit, a 600,000 tonne/year polypropylene (PP) plant, a 400,000 tonne/year high density polyethylene (HDPE) plant, a 400,000 tonne/year linear low density polyethylene (LLDPE) plant and a 900,000 tonne/year ethylene glycol (EG) unit.

Phase 1 of the project is expected to be completed in 2022.

The company is also planning to build additional capacity at the site as part of phase 2 of the project, which is anticipated to start-up in 2027. Phase 2 will include a 1.2m tonne/year cracker, a 400,000 tonne/year HDPE plant, a 400,000 tonne/year LLDPE plant and a 900,000 tonne/year EG plant.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC takes place on 25-27 March in San Antonio, Texas.

(c) 2018 Uzbekistan National News Agency (UzA). All right reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (TWD)
Sales 2019 221 B
EBIT 2019 23 961 M
Net income 2019 49 075 M
Finance 2019 43 802 M
Yield 2019 5,53%
P/E ratio 2019 13,16
P/E ratio 2020 12,42
EV / Sales 2019 2,75x
EV / Sales 2020 2,69x
Capitalization 652 B
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 114  TWD
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
Chien Nan Lin Chairman & General Manager
Chen Hsiao Lei Chief Financial Officer
Chih Tsun Li Director
Wen Chao Wang Executive Director
Wen Chin Hsiao Director
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