Description
SWOT ANALYSIS OF FORMOSA CHEMICALS AND FIBRE CORPORATION
Formosa Chemicals and Fibre Corporation
Parent Company
Formosa Plastics Group
Category
Specialty chemicals, Plastics and Petrochemicals
Sector
Industrial Products
Tagline/ Slogan
Taiwan’s leading petrochemical manufacturer
One of the largest manufacturer of PVC in the world & petrochemicals USP in Taiwan
STP
Businesses which demand sustainable & good quality products with a Segment high emphasis on saving costs.
Businesses in the manufacture of commodities and chemicals like Target Group plastics, textiles, etc.
Formosa Chemicals & Fibre Corporation is principally engaged in the manufacture and sale of chemical products, plastic materials, textile Positioning products and fiber products.
SWOT Analysis
1. Wide customer base spanning regions of Mainland China, Hong Kong, Macau, the Americas, Africa, Europe, Oceania, Japan, South Korea and Southeast China. 2. Large business division comprising of 3 petrochemical, plastics, rayon, nylon, textiles and engineering division. 3. One of Taiwan’s top petrochemical companies and the world’s no. 2 producer of Polyvinyl Chloride (PVC). 4. Pioneers in Naptha Cracker process technology with 3 petrochemicals plants producing 110 million tonnes of benzene, toluene, synthetic fibers, polyvinyl chloride and detergents on an Strength annual basis.
1. Market reach & network is very low, due to which alternate products are getting sold in the marketplace. 2. Naptha cracker process is old & highly inefficient, due to which Weakness product quality suffers
1. Steadily growing Asian markets can be captured by undertaking Opportunity process de-bottleneck and capacity expansion. 2. Can become a steady supplier for downstream operators in the
region and work with them to make the products more competitive. 3. Distribution centers set-up in order to target the mainland China market. 4. Seek strategic alliances to gain access to marketing channels and expand the company’s market domain.
1. New technologies emerging in the world for the manufacture of petrochemicals. 2. Smaller players with access to Asian markets are creating intense competition for the company’s products. 3. Environmental regulations creating losses for the company, which Threats has to look for alternate process for manufacture of its products.
Competition
1. BASF SE 2.Shin-Etsu Chemical Co. Ltd. (Japan) Competitors 3.Sinopec Shanghai Petrochemical Co. Ltd.
doc_511512124.docx
SWOT ANALYSIS OF FORMOSA CHEMICALS AND FIBRE CORPORATION
Formosa Chemicals and Fibre Corporation
Parent Company
Formosa Plastics Group
Category
Specialty chemicals, Plastics and Petrochemicals
Sector
Industrial Products
Tagline/ Slogan
Taiwan’s leading petrochemical manufacturer
One of the largest manufacturer of PVC in the world & petrochemicals USP in Taiwan
STP
Businesses which demand sustainable & good quality products with a Segment high emphasis on saving costs.
Businesses in the manufacture of commodities and chemicals like Target Group plastics, textiles, etc.
Formosa Chemicals & Fibre Corporation is principally engaged in the manufacture and sale of chemical products, plastic materials, textile Positioning products and fiber products.
SWOT Analysis
1. Wide customer base spanning regions of Mainland China, Hong Kong, Macau, the Americas, Africa, Europe, Oceania, Japan, South Korea and Southeast China. 2. Large business division comprising of 3 petrochemical, plastics, rayon, nylon, textiles and engineering division. 3. One of Taiwan’s top petrochemical companies and the world’s no. 2 producer of Polyvinyl Chloride (PVC). 4. Pioneers in Naptha Cracker process technology with 3 petrochemicals plants producing 110 million tonnes of benzene, toluene, synthetic fibers, polyvinyl chloride and detergents on an Strength annual basis.
1. Market reach & network is very low, due to which alternate products are getting sold in the marketplace. 2. Naptha cracker process is old & highly inefficient, due to which Weakness product quality suffers
1. Steadily growing Asian markets can be captured by undertaking Opportunity process de-bottleneck and capacity expansion. 2. Can become a steady supplier for downstream operators in the
region and work with them to make the products more competitive. 3. Distribution centers set-up in order to target the mainland China market. 4. Seek strategic alliances to gain access to marketing channels and expand the company’s market domain.
1. New technologies emerging in the world for the manufacture of petrochemicals. 2. Smaller players with access to Asian markets are creating intense competition for the company’s products. 3. Environmental regulations creating losses for the company, which Threats has to look for alternate process for manufacture of its products.
Competition
1. BASF SE 2.Shin-Etsu Chemical Co. Ltd. (Japan) Competitors 3.Sinopec Shanghai Petrochemical Co. Ltd.
doc_511512124.docx