Events

Events
2018

Long-an subsidiary expanded its D&F capacity; Issue 2017 CSR Report; FTC was awarded “Awards for Outstanding Trade Contributions in the Textile Industry” and “Awards for Contributions to Expansion in Key Emerging Markets” for 2017; Tire Cord Business Segment in Taiwan Plant earned IATF 16949-2016 and ISO 9001-2015 certificates; 5 Plants in 3 countries achieved targeted 20% reduction of water consumption, 90% increase in efficiency of the disposal of VOCs through installing RTO, 72% reduction of NOx through installing two co-generators and SCR, and 83% reduction of SOx through substituting natural gas for pyrolysis low sulfur fuel oil, retrofitting heating systems and establishing natural gas pipelines.

2017

Formosa Development Subsidiary Established Zhonghao International Co., Ltd.; Vietnam's Formosa Taffeta Dong Nai Co., Ltd. changed its charter according to the Vietnam Enterprise Law, legal representative, added supervisors, verifying registration records, etc., issued in March; Xiamen Xiangyu Formosa Import & Export Trading Co., Ltd. declares liquidation; Set up an audit committee to replace the original supervisor system; Issue "Corporate Social Responsibility Report 2016"; Zhongshan Steel's steel processing plant producing umbrella troughs officially stopped production and ended operations; Held the Formosa Taffeta Smart Temperature Control Clothing Presentation Conference in Taipei Branch

2016

Promote "Industry 4.0"; top 5% companies of "Corporate Governance Evaluation"; Issue 2015 CSR Report; Credit rating remains the same; "Bumblebee Project" with Gore; Expansion of tyre cord plant in Dong-nai; Acquire TTQS cert.

2015

Taiwan Formosa Taffeta Co., Ltd. introduces waterless plasma water technology and equipment; Released the 2014 CSR Report; Passed ISO50001 certification; Gas station profit growth of 50%, a total of 105 stations; Formosa Taffeta (Changshu) Co., Ltd. is divided into the original company and Changshu Fushun Enterprise Management Co., Ltd., and in June Changshu Fushun Enterprise Management Co., Ltd. is merged into Changshu Yuyuan Real Estate Co., Ltd.; Taiwan Formosa Taffeta Co., Ltd. introduces waterless plasma water technology and equipment; Released the 2014 CSR Report; Passed ISO50001 certification; Gas station profit growth of 50%, a total of 105 stations

2014

Taiwan Formosa Taffeta Co., Ltd. introduces waterless plasma water technology and equipment; Released the 2014 CSR Report; Passed ISO50001 certification; Gas station profit growth of 50%, a total of 105 stations; Formosa Taffeta (Changshu) Co., Ltd. is divided into the original company and Changshu Fushun Enterprise Management Co., Ltd., and in June Changshu Fushun Enterprise Management Co., Ltd. is merged into Changshu Yuyuan Real Estate Co., Ltd.; Taiwan Formosa Taffeta Co., Ltd. introduces waterless plasma water technology and equipment; Released the 2014 CSR Report; Passed ISO50001 certification; Gas station profit growth of 50%, a total of 105 stations

2013

prepared Financial statements in accordance with IFRSs guidelines; released "Green Sustainability Report 2012"; Added a special fabric class fire cloth production line weaving machine 12 sets in Dong Nai Factory; The first phase expansion of Dong Nai anti-fire fabric factory was completed and put into production, with an annual output of 1,000 tons per year; built self-service gas station

2012

Planned to build a green energy dyeing and finishing plant; Shuttle looms can continuously process 24 cases which can be verified by PAS2050 carbon footprint verification; The first phase of equipment expansion of the first phase expansion of Dong Nai Tyre cord plant

2011

Staple cotton weaving plant transformed into the 3rd filament weaving plant and amplified 524 weaving machines; installed 297 sets of weaving machines and gave back-end dipping machines of the tyre cord plant a test run in Formosa Taffeta Dong Nai Co., Ltd. in Vietnam; established the Remuneration Committee; annulled Formosa Taffeta Shanghai Trading Ltd.; passed ISO14064-1:2006 certification; The number of gas station stations went above hundred; listed investment in Nanya Technology Corporation's asset impairment; Annual turnover of new high individual NT$36.2 billion and consolidated NT$53.2 billion

2010

Formosa Taffeta Dong Nai Co., Ltd.'s new dyeing and finishing plant with an annual production capacity of 24 million yards per year; Formosa Taffeta Dong Nai Co., Ltd. increased its capital by 11 million US dollars to build a new tire cord factory, and increased its cash by 3.7 million US dollars to expand the second weaving factory; Funded by Formosa Plastics Steel Industrial Co., Ltd., holding 4.963%

2009

Restructured the management headquarters, first business group, second business group; Hong Kong subsidiary, Changshu subsidiary increased capital by 9 million US dollars; Fuyi subsidiary completed liquidation and officially ended its operation; Listed investment in Nanya Technology Corporation's asset impairment

2008

1st dyeing plant, 3rd dyeing plant, 5th dying plant, processing plants, and dyeing and finishing plant, merged into first dyeing plant and second dyeing plant; General Manager's Quality Assurance Group was renamed Standard Group; Formosa Technology Subsidiary Launches Third Plant; Formosa Taffeta Dong Nai Co., Ltd. increased its capital by 10 million US dollars to build a dyeing and finishing plant; expand capacity of the 5th tyre cord plant to 13,200 tons/year; Information Center upgraded ERP host and management system

2007

Merged the cotton mills, special fabric plants, and new carbon fiber composites plants in to the third business group; Revocation of Changmao Overseas Headquarters, overseas subsidiaries such as China and Vietnam are under the jurisdiction of the First Business Department; Formosa Taffeta Trading (Shanghai) Co., Ltd., registered capital of 150,000 US dollars; Formosa Technology was listed in Taiwan and its capital increased to NT$4.42 billion; Consolidated turnover and profit for four consecutive years

2006

Formosa Taffeta Long An Co., Ltd. and Formosa Taffeta Dong Nai Co., Ltd. increased their capital by $10 million and $3 million respectively, and added equipment; Formosa Development Co. Ltd. increased capital by $21 million; the total number of gas stations was 87

2005

Formosa Taffeta Dong Nai Co., Ltd. purchased 504 looms; the third business group was cancelled, and its cotton and cotton mills were included in the first business group; after the Hong Kong subsidiary increased its capital, it invested to establish Formosa Taffeta (Changshu) Co., Ltd.; Factory five districts; Formosa Taffeta Vietnam Co., Ltd. fund increased $ 25 million, adding looms, warping machines, automatic color control system and other equipment; Fuyi subsidiary closed down.

2004

Established long fiber Overseas Headquarters and integrated the factories in China and Vietnam; added 22 gas stations; established Formosa Taffeta (Tongnai) Co., Ltd.; added anti-scratch equipment to the tyre cord factory; Formosa Chemical Fiber (Zhongshan) Co., Ltd. and Formosa Light Work (Zhongshan) Co., Ltd. was incorporated into Formosa Taffeta (Zhongshan) Co., Ltd.

2003

Monthly subscription of Guangyue Enterprise Co., Ltd. cash increase of 5 million new shares, amounting to $85 million, holding 24.49%; invited to participate in the "Premiere Vision" international fabric exhibition in Paris; add 14 as a gas station; expended Zhongshan Formosa Taffeta Subsidiary added Shanghai office; Formosa Technology Subsidiary expanded 12-inch packaging factory and module production line.

2002

Added gas stations\Joint venture with three companies to establish Vietnam Taiwan Industrial Co., Ltd. Expended 17 gas stations were established; Vietnam Taiwan Industrial Co., Ltd. was established as a joint venture with companies such as Formosa Chemicals & Fibre Corporation, Nanya and King Car Group, with a 10% stake.

2001

Established Fusui Ruiye (Hong Kong) Co., Ltd. with Swiss Schoeller Textil AG, holding 43% of the shares. The company became the first conductive cloth manufacturing plant for electromagnetic wave shielding in Taiwan; added 21 gas stations; Zhongshan Xingye Subsidiary, Formosa Taffeta Vietnam Co., Ltd. increased their capital by $12 million and $14 million respectively, adding 605 and 632 looms and other equipment such as dyeing and finishing.

2000

Fushun Textile (Zhongshan) Co., Ltd. changed its name to Formosa Taffeta (Zhongshan) Co., Ltd.; the dividend policy was changed to dividends, which must be at least 50% of the balance of the current year's surplus, such as statutory allocation, director's compensation, employee bonus, etc., and cash. Dividends cannot be lower than stock dividends.

1999

Established Formosa Taffeta Vietnam Co., Ltd. And Founded Oil Products Division; In February, we purchased the Vietnam trousers factory of Ruiyuan Fiber Co., Ltd., and established Formosa Taffeta Vietnam Co., Ltd. in June; established the Oil Products Division and set up a gas station for the first time to enter the B2C retail market.

1998

In February, the board of directors took over the chairmanship of Mr. Wang Wenyuan; the annual production capacity of the processing plant and the curtain factory increased by 58.8 million yards and 13,200 tons respectively; the establishment of the “Oil Products Preparation Office”; the Zhongshan Textile Subsidiary Company mass production, weaving and dyeing The operation was consistent; the remaining equipment of the steel processing plant (formerly the umbilical plant) was all transferred to the Zhongshan Light Industry subsidiary, and some sales and service businesses were still implemented by the Taiwan parent company.

1997

Added the 2nd automated storage and retrieval system for gray and dyeing machines for capacity expansion of 52.32 million yards; merged Formosa Taffeta (Xiamen) Drawing Co., Ltd. into Xiamen Xiangyu Formosa Import & Export Trading Co., Ltd.

1996

Added 903 water-jet weaving machines and related equipment in Neilin section; Formosa Advanced Technologies Co., Ltd. relocated to Douliu City; Zhongshan Textile Co., Ltd. started mass production of back-end mercerized cloth and umbrella fabrics ; Zhongshan Light Industry Ltd. started mass production of ribs.

1995

Established the Textile Industry Development Center to strengthen the research and development of new fabrics and sales representatives’ joint promotion actions; stock subscriptions of almost 15% shares of Nanya Technology Corporation; the 3rd D & F plant, 6th D & F pant and tyre cord plant passed ISO 9002 certification; Hsin-fu Light Textile Co., Ltd. in China was renamed as Formosa Chemical Fiber (Zhongshan) Ltd. with capital increase by cash, amounting to 1.43 million us dollars; Zhongshan Jin-fu Textile Ltd. was renamed as Formosa Textilie (Zhongshan) Ltd. with capital increase by 4.75 million us dollars; Zhongshan Jin-fu Light Industry Ltd. was renamed as Formosa Light Industry (Zhongshan) Ltd. with capital increase by cash, amounting to 2.25 million us dollars.

1994

The rib plant was renamed as steel product processing plant; the investor of 3 subsidiaries in Zhongshan of China was replaced with Formosa Taffeta (Hong Kong) Co., Ltd., and capital increase by cash of Zhongshan Light Industry Co., Ltd. amounted to 14.7 billion us dollars; established Xiamen Xiangyu Formosa Import & Export Trading Co., Ltd.; sought counsel from China Productivity Center for promotion of ISO certification

1993

Established Formosa Taffeta (Xiamen) Drawing Co., Ltd. to replace its predecessor, Xiamen representative office, for plate printing on umbrella fabrics and PE. Bags and trade in cloth

1992

Stock subscriptions of 5% shares of Formosa Petrochemical Corporation; extended the tyre cord plant of the 2nd plant in Neilin section; added PVA Recovery system; established Fu-yi Ltd. in COMO city of Italy as a sales location for the European market; established 3 subsidiaries, Hsin-fu Light Textile Co., Ltd, Zhongshan Jin-fu Textile Ltd. and Zhongshan Jin-fu Light Industry Ltd. in China

1991

Added equipment in the special textile plant, the rib plant and the 5th weaving plant; established the first site in China—Xiamen representative office; assist Formosa Plastics Corp's (FPC) sixth naphtha cracker complex to acquire lands for operations in Mailiao of Yunlin County

1990

Introduced the 1st set of automated storage and retrieval system; extended dormitories; established Formosa Advanced Technologies Co., Ltd. in Hsinchu Science Park in September; established Formosa Development Ltd.

1989

Expanded equipment and addition of systems\establishment of Hong Kong subsidiary; Expanded the second set of cogeneration power generation equipment; added PVA recycling system; established Hong Kong subsidiary, making it the first overseas sales service base of FTC

1988

Increase equipment and marketing new milestones; Expansion of wastewater treatment equipment and trye cord machinery; waterproof and moisture-permeable cloth registration as Abletex as trademark and opens new milestones in marketing.

1987

Organize department to change system, increased equipment, and built finished product warehouse; The production departments and the sales department were reorganized into the first, second and third business divisions by the "functional divisions"; the special processing machinery and equipment were expanded; and the finished product warehouse was added.

1986

Established the Finance Division; built a staple plant; added weaving and dyeing equipment

1985

Went public; categorized divisions by functions

1984

Built the 3rd dyeing and finishing plant and the PE. plastic bags finishing plant

1983

Built the 2nd weaving plant with annual 60-million-yard capacity of gray for clothes

1982

Added automation equipment in the dyeing and finishing plant for capacity expansion

1981

Expanded annual capacity of the tyre cord plant by 14,400 tons; added equipment of the rib plant

1980

Further diversified the scope of business by building a tyre cord plant with monthly output of 600 tons tyre cord fabric

1979

was renamed Formosa Taffeta Co., Ltd.; extended the weaving plant; built the 2nd dyeing and finishing plant; diversified the scope of business by building the rib plant

1978

Added equipment of the 1st weaving plant

1977

Extended the printing plant

1975

Hard opening

1974

Soft opening

1973

In April, the establishment of “Formosa Fiber Co., Ltd.” was officially approved by the Ministry of Economic Affairs, and overall construction was initiated in November.

1972

Established the preparatory office

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