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    1301   TW0001301000

FORMOSA PLASTICS CORPORATION

(1301)
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Formosa Plastics : Delta's Data Center Solutions Help Formosa Plastics Group Create its New Energy-Efficient Backbone Enterprise Data Center

12/23/2020 | 09:42am EDT

Delta, a global leader in power and thermal management solutions, today announced it has planned, designed and built the new energy-efficient backbone enterprise data center of Formosa Plastics Group (FPG), one of the world's largest petrochemical conglomerates.

The aforementioned 750kW and 300 sqm data center in New Taipei City, which supports FPG's IT operations and data centers around the world, leverages Delta's energy-efficient modularized data center infrastructure solution and system integration capabilities to deliver a PUE (power usage effectiveness) below 1.5, as well as up to 30% annual energy savings.

Madam Sandy R.Y. Wang, standing member of Formosa Plastics Group Executive Management Committee, chairperson of Formosa Biomedical Technology Corporation, underscored, 'This new data center is the backbone of Formosa Plastics Group's entire IT infrastructure spread abroad, and therefore, long-term reliability, flexibility for future expansion, and energy efficiency are our top requirements. Delta's expertise and track-record in creating energy-efficient and resilient data centers were decisive factors within our decision process. With their tailor-made planning, design and implementation services, and the use of Formosa Biomedical's battery technology, we now have an eco-friendly data center with a PUE below 1.5.'

Mr. Victor Cheng, Delta's senior vice president and general manager of its Information Communication Technology Infrastructure Business Group, said, 'Collaborating with a world-class corporation like Formosa Plastics Group has been a highly rewarding experience for our entire team. Moreover, we have been able to fulfill their specific needs by providing a comprehensive solution that enables high efficiency in terms of power management, cooling, as well as remote management of the entire infrastructure and PUE with our DCIM platform. This success cements our unique track record in the data center field, where we have established the world's first LEED v4 ID+C Platinum-certified data center in our Taipei HQs as well as our solutions implemented for global leading enterprises.'

With the support of Delta's solutions, the PUE of this facility is expected to maintain an eco-friendly level

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 235 B 8 468 M 8 468 M
Net income 2021 47 888 M 1 724 M 1 724 M
Net Debt 2021 55 742 M 2 007 M 2 007 M
P/E ratio 2021 14,1x
Yield 2021 5,29%
Capitalization 659 B 23 693 M 23 723 M
EV / Sales 2021 3,04x
EV / Sales 2022 3,07x
Nbr of Employees -
Free-Float 66,5%
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Mean consensus BUY
Number of Analysts 12
Average target price 121,82 TWD
Last Close Price 103,50 TWD
Spread / Highest target 25,6%
Spread / Average Target 17,7%
Spread / Lowest Target 2,42%
EPS Revisions
Managers and Directors
NameTitle
Chien Nan Lin Chairman & General Manager
Chen Hsiao Lei Chief Financial Officer
Chi-Lin Wei Independent Executive Director
Ching Chi Wu Independent Director
Yen-Shiang Shih Independent Director
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