Formosa Plastics Group's Four Major Companies See March Revenue Increase Year-on-Year and Month-on-Month, Totaling NT$141.5 Billion

AI Summary (NQ-processed)

The combined March revenue of Formosa Plastics Group's four major companies (Formosa Petrochemical, Formosa Plastics, Nan Ya Plastics, and Formosa Chemicals & Fibre) reached NT$141.5 billion, showing increases both year-on-year and month-on-month. Formosa Petrochemical's revenue grew due to fluctuating international oil prices, particularly the impact of the US-Iran conflict and the blockade of the Strait of Hormuz. Nan Ya Plastics recorded its highest revenue in nearly 43 months since September 2022, driven by the expanding AI market and increased demand for mid-to-high-end electronic materials. Formosa Plastics and Formosa Chemicals & Fibre also saw revenue growth from increased shipments after the Lunar New Year holiday and rising crude oil prices.