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The chronology of Formosa Plastics Group 中文 English

1954 On July 26, after obtaining a U.S. aid loan for US$798,000, registration of Formosa Plastics Corporation in Kaohsiung to produce PVC resin was initiated. Permission was granted on October 30.
1957 On March 18, Formosa Plastics Corporation commenced to operate and was producing PVC resin at a daily capacity of 4 tons. Its Chinese name was changed from “福懋” (Formosa) to “台灣” (Taiwan), but the English name remained unchanged.
1958 On August 22, Nan Ya Plastics Processing Corporation was founded to establish a secondary processing industry of plastics.
1963 On February 5, Carlin Plastics Product Corporation was established to specialize in the manufacturing of tertiary processing of plastic products. The corporation’s name was renamed to Shin Dong Plastics Product Corporation on August 8.
On December 1, Ming Chi Institute of Technology was founded.
Formosa Plastics Corporation expanded the capacity of its Kaohsiung plant for PVC resin production to 2,100 tons monthly, which entrenched a firm footing for the corporation’s future developments.
1964 On October 30, Formosa Plastics Transport Corporation was established to handle the intercorporations’ transportation of cargoes.
1965 On March 5, Formosa Chemicals & Fibre Corporation was founded, which established a foothold to enter into the textile industry.
1967 On August 18, Shin Dong Plastics Product Corporation was incorporated into Nan Ya Plastics Processing Corporation, and the corporation was then renamed to Nan Ya Plastics Corporation.
On November 1, Formosa Chemicals & Fibre Corporation went into operation, with capacities of producing 50 tons of wood pulp and 45 tons of rayon fiber daily.
1968 In May, the Group Administration was founded.
1970 In January, Formosa Chemicals & Fibre Corporation produced the first pack of detergent and got into the detergent industry.
1973 In January, the first proposal to construct a naphtha cracking plant by the Group was submitted to the government, but the proposal was denied in May.
1976 On February 5, P. T. Indonesia Nan Ya Indah Plastics Corporation was established in Indonesia; this was the first overseas investment of the Group.
On December 1, Chang Gung Memorial Hospital was founded as a non-profit organization and opened in Taipei.
1978 On October 17, Formosa Plastics Corporation, U.S.A. was established in New Jersey by Formosa Plastics Corporation.
On December 1, Chang Gung Memorial Hospital opened a branch in Linkou and this branch became the largest hospital in the Asia region.
1979 On July 12, Nan Ya Plastics Corporation, U.S.A. was established in Delaware by Nan Ya Plastics Corporation.
1980 On March 6, Formosa Plastics Marine Corporation, Liberia was established and registered in Liberia.
1983 In February, Formosa Plastics Corporation, U.S.A. had completed the construction of its plant and started producing primary processing of plastic products.
On July 6, in order to establish a cooperative education program, a 2-year nursing department program was founded by both Chang Gung Memorial Hospital and Ming Chi Institute of Technology. The Chang Gung Institute of Nursing grew out of this department.
In December, Nan Ya Plastics Corporation in collaboration with Hewlett Packard Taiwan Ltd. set up the Printed Circuit Board project unit, which formed a springboard for Nan Ya Plastics Corporation to launch itself into the electronics industry.
1984 On March 23, Chang Gung Memorial Hospital in Linkou performed the first liver transplant operation in Asia.
1985 On April 5, Chang Gung Memorial Hospital opened a branch in Keelung.
1986 On January 1, Chang Gung Memorial Hospital opened a branch in Kaohsiung.
On September 30, the proposal for the No. 6 naphtha cracking project was approved by the Ministry of Economic Affairs, after a thirteen-year struggle.
1987 On April 1, Chang Gung College of Medicine was founded.
On August 31, PFG Fiber Glass Corporation was established for the manufacture of electronic-grade glass fiber.
1988 In June, Chang Gung Institute of Nursing was founded.
1989 In December, Formosa Plastics Corporation, America and Nan Ya Plastics Corporation, America were simultaneously established in Delaware.
1991 On February 4, Formosa Heavy Industries Corporation was established; its main products are automated warehouse systems, large-scale precision machinery, and cogeneration equipment.
In August, it was announced that the No. 6 naphtha cracking project would be located in Mai-Liao, Yunlin county.
1992 On April 6, Formosa Petrochemical Corporation was established to engage in oil refinery and marketing.
1993 On April 4, the affiliated Children's Hospital of Chang Gung Memorial Hospital (Linkou branch) was inaugurated. It was upgraded into an autonomous unit with the official approval in 1997 and became the first Children's Hospital in Taiwan.
1994 In May and June, Nan Ya Plastics Corporation set up plastics’ secondary processing plants in both Guangzhou and Xiamen in China.
In July, construction for the No. 6 naphtha cracking project had commenced.
1995 On March 4, Nan Ya Technology Corporation was established to engage in the production, marketing, research and development of DRAM.
In August, Chang Gung Institute of Nursing set up a 5-year program designed to enroll aborigines; 100 aboriginal students were enrolled into the program at the commencement of the program.
On November 21, Formosa Komatsu Silicon Corporation was established to instigate production in silicon wafers . In 2006, the corporation had renamed to Formosa Sumco Technology Corporation.
1996 On April 12, in response to the government’s encouragement of wanting private enterprises to invest and manage power plants, Mai-Liao Power Corporation was established.
In June, Nan Ya Plastics Corporation took over Nantong Huafeng Co., Ltd. in Jiangsu province, China, to produce PVC leather and flexible PVC sheeting.
On July 1, Chang Gung Memorial Hospital in Linkou instigated a Traditional Chinese Medicine department, where it started clinical services on August 1.
On July 9, Nan Chung Petrochemical Corporation was established to produce raw materials of chemical fiber.
On August 2, Formosa Plastics Maritime Corporation was established to provide shipping services for Mai-Liao port.
1997 On August 1, Chang Gung College of Medicine and Technology was upgraded to Chang Gung University.
On October 28, the Printed Circuit Board Division under Nan Ya Plastics Corporation became autonomous, and was upgraded to become Nan Ya Printed Circuit Board Corporation.
1998 On May 8, Formosa Asahi Spandex Co., Ltd. was established to produce spandex fiber.
On October 20, Formosa Automobile Corporation was established to enter the automobile industry.
On December 7, the first completed No. 6 naphtha cracking project plant had conducted a successful trial run in Mai-Liao, and was outputting 450,000 tons of ethylene annually.
1999 On Febuary 5, Formosa Petrochemical Transportation Corporation was established to handle the transportation of oil products.
On April 1, Formosa Oil (Asia Pacific) Corporation was established to take charge of planning and marketing gasoline and diesel.
On June 8, Formosa Environmental Technology Corporation was established to research and develop methods to generate organic fertilizer from recycling kitchen leftovers.
On September 21, the FPG donated NT$300 million to the government and rebuilt 16 schools after Taiwan’s devastating by a Richter 7.3 earthquake.
On October 12, Chang Gung Biotechnology Corporation was established to invest and employ biotechnology in the health industry.
On December 30, Formosa Daikin Advanced Chemicals Co., Ltd. was established to produce high purity hydrofluoric acid.
2000 On April 20, Formosa Technologies Corporation was established to provide comprehensive and integrated e-services.
On July 6, Formosa Plastics Marine Corporation was established to engage in the shipping of oil products island-wide.
On September 2, the petrol produced by Formosa Petrochemical Corporation went on the market, supplying to all its subsidiary and petrol stations island-wide. It became the first private sector-owned petrol manufacturer in Taiwan.
2001 On March 12, Chang Gung Nursing Home, affiliated to Chang Gung Memorial Hospital, was opened in Linkou.
On August 8, Formosa Teletek Corporation was established for the production of Bluetooth wireless technology based communication products.
On August 20, Formosa Idemitsu Petrochemical Corporation was established to be in charge of the sale of polycarbonate (PC).
In December, Formosa Industries Corporation in Vietnam was established to manufacture chemical fiber and secondary processing plastic products.
2002 On January 16, Chang Gung Memorial Hospital opened a branch in Chia-Yi.
On May 1, Formosa ABS Plastics (Ningbo) Co., Ltd. went into operation and held the opening ceremony in Zhejiang, China. This marked the Group’s first official move to venture into the production of petrochemical raw materials of the China market.
On June 26, Formosa Plasma Display Corporation was established to invest in the production of plasma display panels and modules.
On August 1, Chang Gung Institute of Nursing was upgraded to Chang Gung Institute of Technology.
On November 25, Formosa BP Chemicals Corporation was established to produce industrial acetic acid.
2003 On January 23, Inotera Memories Inc. was established to engage in the production of 12-inch wafers.
In May, the commencement of the 4th phase of expansion plan for the No. 6 naphtha cracking project was announced, with an estimated investment of NT$130 billion. The total investment for phases 1 to 4 amounted to over NT$570 billion.
In October, the Asia Pacific Energy Corporation was established in Philippines to engage in the electrical power industry.
On November 10, the Detergent Unit branched out from Formosa Chemicals & Fibre Corporation and became an independent corporation, the Formosa Biomedical Technology Corporation. In addition to detergent products, it became involved in the production, resea
On December 15, Nan Ya Photonics Inc. was established to engage in the production, research and development of high brightness LED wafers and chips.
2004 On August 1, Ming Chi Institute of Technology was upgraded into Ming Chi University of Technology.
In December, Chang Gung Health and Culture Village was built; this facility provided comprehensive care and had a conducive environment for the elderly.
The annual revenue generated by the Formosa Plastics Group exceeded NT$1 trillion, which amounting to 11% of Taiwan’s GNP.
2006 On June 5, Chairman Wang Yung-ching and Vice Chairman Wang Yung-tsai handed over the management to the Executive Board.
2007 The 4th phase of expansion plan for the No. 6 naphtha cracking project was completed, and it promote the Formosa Plastics Group's annual revenue toward nearly NT$2 trillion, which amounting to 15.4% of Taiwan’s GNP.
2008 On May 6, Chang Gung Memorial Hospital in Xiamen was opened as the group’s initial attempt to extend the medical industry to Mainland China.
On May 12, the FPG was the first enterprise to donate RMB 100 million for rebuilding after a Richter 7.8 earthquake in Shichuan, China.
On May 20, Formosa Energy & Material Technology Co. Ltd. was established to develop and manufacture lithium iron phosphorous oxide, the new generation green material for developing electric vehicles.
In June, Formosa Ha Tinh Steel Corporation was approved by the Vietnam government, and held the break ground ceremony on July 6th.
On September 6, Fujian Fuxin Special Steel Co. held the break ground ceremony in Fujian of China for the production of stainless steel.
On October 15, Yung-ching Wang, one of the founders of FPG, passed away in the United States. The President presented a citation of his life-long contributions to the nation on his farewell ceremony.
2009 On August 8, the FPG donated NT$1.2 billion for rebuilding after Taiwan’s devastating by Morakot typhoon.
On December 31, Chang Gung Memorial Hospital opened a branch in Yunlin.
2011 On January 1, Y.C.WANG Advanced Medicine and Innovation Park was held the break ground ceremony, and it will engage in Taiwan’s cancer research and treatment.
On August 1, Chang Gung Institute of Technology was upgraded into Chang Gung University of Science and Technology.
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