Far Eastern New Century (TWSE: 1402)
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Far Eastern New Century (TWSE: 1402)
Far Eastern New Century (TWSE: 1402) IR publication – May 2020 About FENC Far Eastern New Century (“FENC”) is a publicly traded company (http://www.fenc.com/?lang=en) in Taiwan with a market capitalization of approximately US$5 billion. It’s a constituent of the MSCI ESG Leaders Indexes and FTSE4Good Emerging Index. FENC is also the flagship company of Far Eastern Group and has diversified businesses ranging from production business, to property development and investments. The production business spans the petrochemical, polyester, and textiles businesses. Regarding its production business, FENC aims to expand its green material business by increasing its scale of recycled products. After expanding its capacities in Taiwan, Japan and the United States, FENC has become one of the world’s largest post-consumer recycled polyester producers. With high quality and speed to market, FENC’s products have been accepted and adopted by well-known global brands including Coca-Cola, Nike and Adidas. FENC is a global top-three PET producer in terms of capacity and the leading PET producer in Asia. The Company remains agile and flexible in business operations, maintaining its ability to expand and thrive in the global landscape. The production sites of FENC, located in Taiwan, the United States, Vietnam, China, Japan and Southeast Asia, have been vertically integrated into a streamlined system from production to sale. FENC’s strategy is to strengthen its position as a leading polyester producer by maintaining long-term client partnerships, upgrading its product mix and enhancing research and development capabilities. Currently FENC has total investment properties of 200,000 pings (662,000 square meters) in Taiwan, the majority of which are located in prime areas of northern Taiwan. -
ACC Annual Report
Stock Code: 1102 遠東集團 http://emops.twse.com.tw http://www.acc.com.tw FAR EASTERN GROUP ASIA CEMENT CORPORATION 2015 Annual Report Notice to readers This English version annual report is a summary translation of the Chinese version and is not an official document of the shareholders’ meeting. If there is any discrepancy between the English version and Chinese version, the Chinese version shall prevail. Printed on May 15, 2016 Spokesperson Headquarter and Plants Name: W.K. Chou Headquarter Title: Vice President Address: 30~ 31F, No.207, Sec. 2, Dunhua Tel: 886-2-27378940 South Rd., Da’an Dist., Taipei City 106, E-mail: [email protected] Taiwan Tel: 886-2-27338000 IR Contact & Deputy Spokesperson Name: Doris Wu Hsinchu Plant Title: Executive Vice President Address: No.109, Sec. 2, Zhongfeng Rd., Tel: 886-2-27378945 Hengshan Township, Hsinchu County 312, E-mail: [email protected] Taiwan Tel: 886-3-5931011 Stock Transfer Agent Oriental Securities Corporation Hualien Plant Address: 3F., No.86, Sec. 1, Address: No.125, Xinxing Rd., Xincheng Chongqing S. Rd., Zhongzheng Dist., Township, Hualien County 971, Taiwan Taipei City 100, Taiwan Tel: 886-3-8612101 Tel: 886-2-23618608 Website: http://www.osc.com.tw/ Auditors Deloitte & Touche Auditors: Li Wen Kuo and You Wei Fan Address: 12F, No.156, Sec. 3, Minsheng E. Rd., Zhongshan Dist., Taipei City 104, Taiwan Tel: 886-2-25459988 Website: http://www.deloitte.com/ Overseas Securities Exchange London Stock Exchange Disclosed information can be found at http://www.londonstockexchange.com/ Singapore Exchange Disclosed information can be found at http://www.sgx.com/ Corporate Website http://www.acc.com.tw/ Table of Contents I REPORT TO SHAREHOLDERS ........................................................................................................................... -
Far Eastern New Century (TWSE: 1402)
Far Eastern New Century (TWSE: 1402) IR publication – Mar 2021 1 Table of Contents • Company Highlights • Company Overview • Strategic Summary – Production business strategy – Investment portfolio – Property development plan – Dividend policy – CAPEX • Financials • Recent Achievements & CSR • Appendix 2 Company Highlights (I) FENC is a world leading integrated polyester producer (incl. virgin & recycled PET), the only supplier providing integrated production and total solution services ranging from upstream feedstock to downstream daily necessities (A constituent of the MSCI ESG Leaders Indexes, FTSE4Good Emerging Index & TWSE CG 100 Index) PE/PET & PE/PP Bicomponent Recycled Recycled Recycled Nonwoven PET Nylon 6,6 PET Staple Fiber Filament Ocean Polyester PET PSF Resin Filament Sheet WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE ASIA PACIFIC ASIA TOP 1 TOP 1 TOP 1 TOP 2 TOP 3 TOP 3 TOP 1 TOP1 Company highlights 3 Company Highlights (II) • Consistent dividends payout (refer to page 20) • FENC is a leading polyester recycling company (refer to page 7-12) FENC green business New green trends from governments & brands • Green product is ~30% of polyester & textile BU • Plastic waste import bans in Asia: e.g. China, Green Products Revenues & Percentage Japan, South Korea, Malaysia, Thailand, India, (NT$ Bn) Philippines, Vietnam (from 2025), etc. 27% 30% 32% 28% 126 • Plastic tax in EU 108 93 96 26 29 34 35 Effective from Jan 2021 Tax rate: €0.8/kg (≈US$950/T) 2016 2017 2018 2019 Green Product Revenues Revenues of Poly. & Textile -
Far Eastern New Century (TWSE: 1402)
Far Eastern New Century (TWSE: 1402) IR publication – Apr 2021 1 Table of Contents • Company Highlights • Company Overview • Strategic Summary – Production business strategy – Investment portfolio – Property development plan – Dividend policy – CAPEX • Financials • Recent Achievements & CSR • Appendix 2 Company Highlights (I) FENC is a world leading integrated polyester producer (incl. virgin & recycled PET), the only supplier providing integrated production and total solution services ranging from upstream feedstock to downstream daily necessities (A constituent of the MSCI ESG Leaders Indexes, FTSE4Good Emerging Index & TWSE CG 100 Index) PE/PET & PE/PP Bicomponent Recycled Recycled Recycled Nonwoven PET Nylon 6,6 PET Staple Fiber Filament Ocean Polyester PET PSF Resin Filament Sheet WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE WORLDWIDE ASIA PACIFIC ASIA TOP 1 TOP 1 TOP 1 TOP 2 TOP 3 TOP 3 TOP 1 TOP1 Company highlights 3 Company Highlights (II) • Consistent dividends payout (refer to page 20) • FENC is a leading polyester recycling company (refer to page 7-12) FENC green business New green trends from governments & brands • Green product is ~30% of polyester & textile BU • Plastic waste import bans in Asia: e.g. China, Green Products Revenues & Percentage Japan, South Korea, Malaysia, Thailand, India, (NT$ Bn) Philippines, Vietnam (from 2025), etc. 27% 30% 32% 28% 126 • Plastic tax in EU 108 93 96 26 29 34 35 Effective from Jan 2021 Tax rate: €0.8/kg (≈US$950/T) 2016 2017 2018 2019 Green Product Revenues Revenues of Poly. & Textile -
Annual Report 2018
Stock Code:2845 www.feib.com.tw mops.twse.com.tw Published Date: April 22, 2019 2018 Annual Report FETPFETP 外匯領航王外匯領航王 Spokesperson Name: Jiann Jong Lin Title: Chief Executive Vice President Tel.:(02) 2378-6868 Email: [email protected] Proxy Spokesperson Name: Shin Hwa Chou Title: Senior Deputy Executive Vice President Tel.:(02) 2378-6868 Email: [email protected] Headquarter and branches address and telephone Add.: 26, 27F, No. 207, Sec.2, Dunhua S. Rd., Daan Dist., Taipei City, Taiwan Tel.: (02) 2378-6868 Branches address refer to context Share Transfer Institution Name: Oriental Securities Corporation Add.: 3F, No.86, Chongqing S. Rd., Sec. 1, Zhongzheng Dist., Taipei, Taiwan Tel.:(02) 2361-8608 Website: http://www.osc.com.tw Credit Rating Institution Name: Fitch Australia Pty Ltd., Taiwan Branch Add.: Suite 1306, 13F, 205, Tun Hwa N. Rd., Taipei, Taiwan Tel: (02) 8175-7600 Recent Annual Financial Statement Auditor Name: Deloitte & Touche CPA: Shih-Tsung Wu, Chen-Hsiu Yang Add.: 20F, Taipei Nan Shan Plaza, No. 100, Songren Rd., Xinyi Dist., Taipei, Taiwan Tel.: (02) 2725-9988 Name of the exchange of Oversea Debenture and Inquiry for that Oversea Debenture Luxembourg Stock Exchange Website: https://www.bourse.lu/ ISIN: US30733T2069, US30733T1079 Our website https://www.feib.com.tw CONTENTS I. Chairperson’s Message 5 II. Company Profile 12 1. Date of Establishment............................................................................................... 12 2. Company History ..................................................................................................... -
ACC Annual Report
Stock Code: 1102 遠東集團 http://emops.twse.com.tw http://www.acc.com.tw FAR EASTERN GROUP ASIA CEMENT CORPORATION 2017 Annual Report Notice to readers This English version annual report is a summary translation of the Chinese version and is not an official document of the shareholders’ meeting. If there is any discrepancy between the English version and Chinese version, the Chinese version shall prevail. Printed on March 31, 2018 Spokesperson Headquarter and Plants Name: W.K. Chou Headquarter Title: Vice President Address: 30~ 31F, No.207, Sec. 2, Dunhua Tel: 886-2-27378940 South Rd., Da’an Dist., Taipei City 106, E-mail: [email protected] Taiwan Tel: 886-2-27338000 IR Contact & Deputy Spokesperson Name: Doris Wu Hsinchu Plant Title: Executive Vice President Address: No.109, Sec. 2, Zhongfeng Rd., Tel: 886-2-27378945 Hengshan Township, Hsinchu County 312, E-mail: [email protected] Taiwan Tel: 886-3-5931011 Stock Transfer Agent Oriental Securities Corporation Hualien Plant Address: 3F., No.86, Sec. 1, Address: No.125, Xinxing Rd., Xincheng Chongqing S. Rd., Zhongzheng Dist., Township, Hualien County 971, Taiwan Taipei City 100, Taiwan Tel: 886-3-8612101 Tel: 886-2-23618608 Website: http://www.osc.com.tw/ Auditors Deloitte & Touche Auditors: Li Wen Kuo and Yu Wei Fan Address: 12F, No.156, Sec. 3, Minsheng E. Rd., Zhongshan Dist., Taipei City 104, Taiwan Tel: 886-2-25459988 Website: http://www.deloitte.com/ Overseas Securities Exchange London Stock Exchange Disclosed information can be found at http://www.londonstockexchange.com/ Singapore Exchange Disclosed information can be found at http://www.sgx.com/ Corporate Website http://www.acc.com.tw/ Table of Contents I REPORT TO SHAREHOLDERS ........................................................................................................................... -
– 1 – Hong Kong Exchanges and Clearing Limited and the Stock
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this – 1 – Madam Shao has confirmed that she has no disagreement with the Board. Both Madam Shao and the Board are not aware of any matters relating to her resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board would like to take this opportunity to express its sincere gratitude to Madam Shao for her valuable efforts and contributions to the Company during her tenure of office. (2) APPOINTMENT OF EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER The Board further announces that Ms. WU, Ling-ling (“Ms. Wu”) has been appointed as an executive Director and the Chief Financial Officer with effect from 14 April 2016. Ms. Wu, Ling-ling Ms. Wu, aged 49, has served as the chief financial officer and executive vice president of Asia Cement Corporation, the controlling shareholder of the Company and a limited liability company incorporated in Taiwan with its shares listed on the Taiwan Stock Exchange Corporation, and its affiliate, Far Eastern Group of Taiwan (“FEG”), since 2007. Ms. Wu serves as a director and supervisor for more than 30 companies including being a supervisor and former member of the board of directors of Oriental Union Chemical Corporation, a company listed on the Taiwan Stock Exchange Corporation, and a supervisor of Chia Hui Power Corporation, a subsidiary of Asia Cement Corporation and Ms. -
Far Eastern New Century Corporation Introduction of the Far Eastern Group's Listed Companies
INTRODUCTION OF THE FAR EASTERN Group’s LISTED COMPANIES Introduction of the Far Eastern Group’s Listed Companies Far Eastern New Century Corporation (Renamed from Far Eastern Textile Ltd.) In 1945, Mr. Yu-Ziang Hsu founded Far Eastern Manufacturing Company (FEMC) in Shanghai to produce Skyscraper knit wear. This marked the beginning of the Far Eastern Textile business. In 1949, when the Far Eastern Chinese Nationalist government retreated to Taiwan, Far Eastern also relocated to the island, setting up New Century Corporation its knitting factory there. From these origins, what can now more aptly be named Far Eastern Group (www. feg.com.tw) is now celebrating its 60th anniversary in Taiwan. Stock Listing Date —1967 Far Eastern Textile Ltd. (FETL), established in 1954, holds true to its tradition of “Sincerity, Diligence, Stock Symbol — 1402.TW Thrift and Prudence.” Corporate expansion led it to set up gradually stand-alone spinning, weaving, dye- www.fenc.com ing, and apparel factories. Year 1965 marked the complete integration of the upstream, midstream and downstream processes into one vertically-integrated production chain. In 1979, Oriental Chemical Fiber Corporation merged with FETL to complete the combination of fiber and textile production. In 2008, the company acquired Oriental Petrochemical (Taiwan) Corporation for increased efficiency and competitive advantage through the integration of the petrochemical, polyester, fiber, spinning, weaving, dyeing, ap- parel manufacturing, and retail businesses. With the opening of the cross-Strait, the company entered the mainland China market. It established production centers in Shanghai, Suzhou, and Wuxi. Starting in apparel manufacturing, FETL has since developed its fiber, spinning, weaving, dyeing and petrochemicals businesses in China. -
Ff035806-F0b9-4331-B362-441355562Df5 Worldreginfo - Ff035806-F0b9-4331-B362-441355562Df5
WorldReginfo - ff035806-f0b9-4331-b362-441355562df5 WorldReginfo - ff035806-f0b9-4331-b362-441355562df5 Contents I Letter to Shareholders 1 II Company Profile 6 1. Date of Incorporation 7 2. Company History! 7 ! III Corporate Governance! 11 1. Organization Structure 12 2. Directors, Supervisors and Executive Management 14 3. Corporate Governance Executive Status 27 4. CPA Service Fee 42 5. Information for change of CPA 43 6. The Company's Chairman, President and Managers Responsible for Finance or Accounting Who Have Held a Post in the CPA Office or its Affiliations in the Last Year 43 7. Shares Transferred or Pledged by Directors, Supervisors, and Management or Major Shareholders in the Recent Years until the Annual Report being Published 44 8. The Relationship between Top Ten Shareholders (With Major Institutional Shareholders) 45 9. Shares of the Company, Directors, Supervisors, Managements, and Direct and Indirect Investments of the Company in Affiliated Companies 47 IV Fund Utilization Status 48 1. Capital and Shares 49 2. Issuance of Corporate Bonds 52 3. Preferred Shares 53 4. Issuance of Depository Receipt 53 5. Employee Stock Options 53 6. New Restricted Employee Shares 53 7. Share Issued for Merger or Acquisition 54 8. Fund Utilization Plans and Status 54 V Operational Highlights 55 1. Business Activities 56 2. Markets and Sales Overview 65 3. Employee Information in Recent 2 Years until the Annual Report being Published 74 4. Environmental Protection Expenditure 74 5. Employee Relations 74 6. Major Contracts 78 WorldReginfo - ff035806-f0b9-4331-b362-441355562df5 VI Review and Analysis of the Financial Condition, Operating Performance 79 and Risk Issues 1. -
Far Eastern New Century (TWSE: 1402)
Far Eastern New Century (TWSE: 1402) IR publication – April 2019 About FENC Far Eastern New Century (“FENC”) is a publicly traded company (http://www.fenc.com/?lang=en) in Taiwan with a market capitalization of approximately US$6 billion. It’s a constituent of the MSCI ESG Leaders Indexes and FTSE4Good Emerging Index. FENC is also the flagship company of Far Eastern Group and has diversified businesses ranging from production business, to property development and investments. The production business spans the petrochemical, polyester, and textiles businesses. Regarding its production business, FENC aims to expand its green material business by increasing its scale of recycled products. After expanding its capacities in Taiwan and Japan, FENC has become one of the world’s largest post-consumer recycled polyester producers. With high quality and speed to market, FENC’s products have been accepted and adopted by well-known global brands including Coca-Cola, Nike and Adidas. FENC is a global top-three PET producer in terms of capacity and the leading PET producer in Asia. Currently, FENC has production sites in Taiwan, China, and Vietnam. From an Asian producer to a global producer, FENC grew via organic and inorganic growth, including asset acquisitions in the United States in 2018. FENC’s strategy is to strengthen its position as a leading polyester producer by maintaining long-term client partnerships, upgrading its product mix and enhancing research and development capabilities. Currently FENC has total investment properties of 200,000 pings (662,000 square meters) in Taiwan, the majority of which are located in prime areas of northern Taiwan. -
Major Events of 60 Years Far Eastern Group and Taiwan Move Forward Together
MAJOR EVENTS OF 60 YEARS FAR EASTERN GROUP AND TAIWAN MOVE FORWARD TOGETHER 大 事 紀 Major Events of 60 Years 遠 東 集 團 FAR EASTERN GROUP 18 p18-37(0809).indd 18 2011/8/9 2:24:23 AM The Roman Emperor Marcus Aurelius said that a man's worth is no greater than his ambitions. Similarly, a business’s worth is no greater than its ambitions. A glimpse at the Far Eastern Group’s record of growth over the last 60 years shows the greatness of the company’s future potential. Just take a look at where we are now compared to our humble beginnings: From bundles of cotton to multi-trillion dollar assets; from one Far Eastern Textile plant to a group of diversified businessestwo-hundred strong; from a few dozen colleagues to tens of thousands; from Taiwan across the Straits, Far Eastern has soared onto the international stage. Far Eastern Group’s 60-year history is not just one of business expansion; it is also an invaluable record of reform and innovation. Far Eastern has helped shape Taiwan’s economy, culture, society, and quality of life. It has also helped broaden people’s horizons and improve the standard of living in cities throughout Taiwan. Far Eastern’s every decision, innovation, and new plateau points to Taiwan’s stable future. By staying in the forefront of change, Far Eastern has orchestrated the first chapter of Taiwan’s reform and growth. 19 p18-37(0809).indd 19 2011/8/9 2:24:24 AM MAJOR EVENTS OF 60 YEARS FAR EASTERN GROUP AND TAIWAN MOVE FORWARD TOGETHER Far Eastern Group and Taiwan Move Forward Together <HDU 2UJDQL]DWLRQ 6LJQLÀFDQW%XVLQHVV(YHQWV 1930 — 1937 Tong Mao Hua Mr.