Formosa Taffeta (1434) Stock Overview

Formosa Taffeta Co., Ltd. operates in the textile industry in Asia. It operates through three segments: First Business Group, Cord Fabric Department, and Gasoline Department. The company engages in dyeing, finishing, printing, and back-end processing of woven fabrics made of chemical filament. It offers tire cord fabric, base cloths of conveyor ducks, chafers for tire-lips, anti-puncture fabric for bikes, lining fabric, etc. The company also manufactures and sells cotton yarn, blended yarn, MVS yarn, nano far infrared ray fiber, nano anion fiber, germanium fiber, fine diner fiber, hollow section insulation fiber, low-pilling fiber, functional fiber, comfort fiber, eco-friendly fiber, protective fiber, flame resistance fabric, protective fabrics of uniforms for military and police, firefighter protective fabrics, medical protective antibacterial fabrics, blullet proof fabric, and anti-puncture fabric, as well as carbon fiber fabrics for materials of notebooks and cellphones, bikes, and golf clubs, autos, pipeline reinforcement jackets, PE plastic bags, etc. In addition, it operates gasoline stations; and offers petroleum, diesel, lubricant, car appliances, as well as car washing services. Further, the company is involved in sale of filament fabric and spun fabric; urban land consolidation, and engages in development and lease of residences, office buildings, and factories; engages in the provision of employment and manpower brokerage services. The company was formerly known as Formosa Fiber Co., Ltd. and changed its name to Formosa Taffeta Co., Ltd. in January 1979. Formosa Taffeta Co., Ltd. was incorporated in 1973 and is headquartered in Douliou, Taiwan.