Rebutting Price Gouging Claims, Formosa Plastics' 6 Southern Unions: Supply Increased, No Production Cuts
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Formosa Plastics' unions strongly denied a lawmaker's allegations of artificial price inflation through production cuts, presenting data that polyethylene supply actually increased by 19.5% in March to support domestic manufacturers amid Middle East tensions.
AI Analysis
Frequently Asked Questions
- Q: What was the joint statement issued by Formosa Plastics' 6 southern unions about?
- A: It condemned false accusations of price gouging and stated that the company increased its supply and did not cut production.
- Q: How many tons of polyethylene raw material did Formosa Plastics supply in March 2026?
- A: According to the sales records, the company supplied 20,194 tons of polyethylene raw material to domestic manufacturers in March 2026.
- Q: How did the March 2026 polyethylene supply compare to the monthly average of 2025?
- A: The supply in March 2026 was an increase of 3,297 tons compared to the 2025 monthly average sales performance of 16,897 tons.
- Q: What did Formosa Plastics do to mitigate the impact of rising raw material prices on domestic consumer goods?
- A: Formosa Plastics absorbed a portion of the price increase because the rise in their selling price was less than the increase in the price of ethylene raw materials from CPC Corporation.
- Q: Who accused Formosa Plastics of cutting supply and raising prices, and what action did they request?
- A: DPP legislator Chung Chia-pin accused the company and requested the Ministry of Justice Investigation Bureau to obtain production and sales data.