Brief introduction of Formosa Plastics Group

The company was established in 1954. After more than 50 years of efforts, the current capital is 57.3 billion yuan. The Wang Yongqing family of Formosa Plastics Group is one of the big emerging families after the war. There are many family members, almost all of whom work and develop in family-related enterprises. Although no one in the Wangs is in politics, Wang Yongqing has long been the leader of the industrial and commercial circles and has a high status and prestige in the industrial and commercial circles and society in Taiwan Province Province, which makes the Wangs have far-reaching influence and good political and business relations in politics. Formosa Plastics Group, founded by Wang Yongqing and Wang Yongzai brothers, is one of the largest private manufacturing groups in Taiwan Province, with more than 30 branches and overseas companies. In 20 10 year, its total income was 2185 billion, equivalent to about 454 billion yuan. It is the second largest private enterprise in Taiwan Province Province and occupies an important position in the petrochemical industry and even the whole enterprise in Taiwan Province Province. Wang Yongqing is the "king of plastics" in the world. Wang Yongqing not only established a huge family business in Taiwan Province Province, but also invested NT$ 300 billion in Taiwan Province Province to build a cross-century "Six Light Industries" project, and also invested US$ 654.38 billion in the United States to build a huge petrochemical industrial base. Formosa Plastics Group also invested $22 billion in Vietnam to build the second largest steel plant in Asia, which is expected to be completed in 20 14. There are many members of the Wang family, including ten sons, daughters, daughter-in-law and son-in-law, ranking among the most important family businesses. Although no one in the Wangs works in politics, they have a good relationship with business and politics, and they have a great influence on the economy and politics of Taiwan Province Province. They are typical representatives of emerging families in Taiwan Province Province. On June 5th, Formosa Plastics Group announced the most important personnel changes since its establishment after the shareholders' meeting. Wang Yongqing, who served as the chairman of Formosa Plastics Group for half a century, stepped down and was replaced by Li Zhi Village, former general manager of Formosa Plastics Group. Wang Wenyuan, the eldest son of Wang Yongqing's younger brother Wang Yongzai, was promoted to president, while Wang Ruihua, the daughter of Wang Yongqing, served as the vice president.