Formosa Chemicals & Fibre Corp. engages in the production and sale of petrochemical products. It operates through the following segments: 1st Petrochemical, 2nd Petrochemical, 3rd Petrochemical, Plastics Division, Formosa Taffeta Co., Ltd., and Others. The 1st Petrochemical segment is involved in the production of benzene, p-xylene and o-xylene. The 2nd Petrochemical segment focuses on the production of styrene, synthetic phenolic and acetone. The 3rd Petrochemical segment purified terephthalic acid. The Plastics Division segment consists of ABS resin, polypropylene and PS. The Formosa Taffeta Co., Ltd. segment responsible for production of blended fabric, spun fabric, cross-woven fabric, polyamine and polyester fabric, epidemic fabric, designer sportswear fabric, high-tech and function fabric, tire cord fabric, pure cotton yarn, blended yarn, various functional yarn, fireproof fabric, anti-static cloth and industrial fabric, and operation of petrol stations to sell petroleum, diesel fuel, kerosene and small package of petroleum products and provide car wash services. The company was founded on March 5, 1965 and is headquartered in Taipei, Taiwan.