Far Eastern New Century Corp. engages in manufacturing and selling polyester materials and semi-finished and finished textiles such as cotton, synthetic, or blended fabrics; towels and bed sheets; and woven and knitted garments; polyethylene terephthalate bottles and sheets; and natural, synthetic, or blended yarns and polyester textured yarns. It operates through the following business segments: Petrochemical, Chemical Fiber, Textile, Telecommunication Services, Real Estate Development, and Investment and Others. The company was founded by Yu Ziang Hsu on January 13, 1945 and is headquartered in Taipei, Taiwan.