Our Company Home » About Formosa » Our Company Contents Company NewsCompany OverviewOur Vision & Guiding PrinciplesVertical IntegrationGlobal DistributionDedication to Quality Company News Formosa Plastics Corporation, U.S.A. Names Ken Mounger as Executive Vice President LIVINGSTON, NJ- Formosa Plastics Corporation, U.S.A. has named Ken Mounger as Executive Vice President effective July 22, 2019. In his new role, Mr. Mounger will oversee all business and manufacturing operations for the company. Mr. Mounger joined Formosa in January 1983 and has spent his entire 36-year professional career with the company. He has held positions of increasing responsibility during his tenure including the General Manager roles at Formosa’s Baton Rouge, Louisiana and Point Comfort, Texas facilities. Most recently, Mr. Mounger served as the Vice President and General Manager of the Polyolefins Division since 2001. We look forward to Mr. Mounger’s leadership as Formosa continues to make innovative and sustainable products for the future. Formosa Plastics Corporation, U.S.A. is a vertically integrated producer of plastic resins and chemicals. Its polyethylene and polypropylene resins are marketed under the Formolene® trade name; its polyvinyl chloride resins are marketed under the Formolon® trade name. The company is headquartered in Livingston, NJ, has over 2,400 employees and is certified to the ISO 9001 quality management system and the ISO 14001 environmental management system. For more information, see www.fpcusa.com. You expect more. And Formosa delivers.® Read More Formosa Plastics Corporation, U.S.A. launches low-density polyethylene (LDPE) unit in Point Comfort, expanding its polyethylene portfolio. LIVINGSTON, NJ- Formosa Plastics Corporation, U.S.A. (Formosa) is announcing the start-up of the low-density polyethylene (LDPE) unit at their facility in Point Comfort, Texas. The LDPE unit joins the high-density polyethylene (HDPE) and linear-low density polyethylene (LLDPE) units already in operation. “The LDPE unit significantly expands the portfolio of products we provide to our customers,” said Ken Mounger, Formosa’s Executive Vice President. “The range and versatility of our product line is extensive. We’re looking forward to continuing to supply high quality resins and enhancing the value we provide to consumers through our newest line of LDPE products.” Formosa Plastics Corporation, U.S.A. is a vertically integrated producer of plastic resins and chemicals. Its polyethylene and polypropylene resins are marketed under the Formolene® trade name; its polyvinyl chloride resins are marketed under the Formolon® trade name. The company is headquartered in Livingston, NJ, has over 2,900 employees and is certified to the ISO 9001 quality management system and the ISO 14001 environmental management system. For more information on Formosa Plastics Corporation, U.S.A., please visit our web site at www.fpcusa.com. You expect more. And Formosa delivers.® Read More Operational Update: Impact of Severe Weather on FPC USA Operations LIVINGSTON, NJ- Due to the severe weather conditions affecting the southern United States, the Formosa Plastics Corporation, U.S.A. production facilities in Point Comfort, TX and Baton Rouge, LA continue to be temporarily shut down or operating at reduced capacity. This affects all olefins, polyethylene, polypropylene, polyvinyl chloride, caustic soda, and bleach products manufactured by Formosa. Formosa is evaluating the impact of this shut down on each of our operating units. Priority is being given to restarting Utility plants to support power needs for local communities during this time of urgency. Any power and steam production from natural gas will be directed toward electrical support for the community and the safety of our complex until the current weather emergency subsides. We are working diligently to restore our operations to their full capacity. Formosa Account Managers will be contacting customers directly with further updates as information becomes available. For more information on Formosa Plastics Corporation, U.S.A., please visit our web site at www.fpcusa.com. Formosa Plastics Corporation, U.S.A. is an active supporter of: End Plastic Waste OP Clean Sweep Read More More News Company Overview Founded in 1978, Formosa Plastics Corporation, U.S.A. (Formosa Plastics) is a growing, vertically-integrated supplier of plastic resins and petrochemicals. With annual revenues of more than $5 billion, we employ over 3,000 people who operate over 20 production units in five business divisions – Olefins, Polyolefins, Vinyl, Specialty Polyvinyl Chloride, and Chlor-Alkali. Formosa Plastics offers a full line of polyvinyl chloride, polyethylene and polypropylene resins, caustic soda and other petrochemicals that deliver the consistency, performance and quality that customers demand. We market our polypropylene and polyethylene resins under the Formolene® trade name; we market our suspension PVC and specialty (dispersion) PVC resins under the Formolon® trade name. We also produce and sell caustic soda, ethylene dichloride, commercial bleach and hydrochloric acid. Our Vision & Guiding Principles Each individual in our Company takes personal pride in achieving performance excellence. Through our common goal we aspire to explore, challenge, and strive to exceed the best industry practice in every task performed. This enables us to maintain global competitiveness, achieve healthy, continual growth that will benefit society, and fulfill our commitment to our customers and responsibility to our colleagues. Everything we do at Formosa is measured against the Guiding Principles that form the foundation of our business: Integrity Because no successful bond can be formed without trust, we are fair and honest in all our relationships and transactions, whether they be with customers, suppliers, employees or the communities in which we operate. To further promote this trust, we have integrated the United Nations Sustainable Development Goals (SDGs) into all aspects of our business. Customer Service For our business to grow and succeed, we must provide our customers with service that satisfies their current requirements and anticipates their future needs. We encourage customers to add Formosa to their network on the Ecovadis and/or Sedex Corporate Social Responsibility platforms. Business Ethics & Compliance We firmly believe that all companies have a responsibility to act ethically at all times. This includes ensuring accuracy in business records and complying with regulatory requirements pertaining to anti-trust, trade control, corruption, bribery, data confidentiality, and privacy. Environmental Responsibility We cannot measure success merely in terms of profits. We must also be mindful of our environmental performance and responsibilities. This responsibility is not a burden, but rather, an opportunity that will enable us to continue to operate and improve our standing in the community. Workplace Health and Safety We are committed to the health and safety of our employees and the communities in which we operate. Through the joint efforts of every employee we shall keep our environment clean and our workplace free of health and safety hazards for ourselves, for our communities and for our future generations. Human Rights & Fair Labor Practices People are at the core of everything we do both locally and globally. We fully support freedom of association, collective bargaining, and appropriate wages and work hours. We strongly oppose forced, compulsory, and child labor as well as all forms of discrimination, harassment, and abuse. For more information on Formosa’s Social Responsibility programs and our commitment to the United Nations Sustainable Development Goals, please see the Sustainability section of this web site. Vertical Integration From producing our own feedstocks to generating our own steam and electricity, we have the ability to control product quality from start to finish — all the way to your loading dock. Formosa provides additional delivery quality control by operating and maintaining our own rail fleet of new, large volume railcars. This gives our customers unparalleled assurance that the product they receive will consistently be the highest quality and ready to run. This helps them control their product quality, too. Global Distribution Formosa’s Marine Traffic department ships an average of 3.3 million short tons of liquid product annually to destinations around the world. This is typically shipped by an average of 490 barges and 120 ships per year. Deep water ships calling on Formosa’s port in Point Comfort, TX typically can transport 36,000 short tons of product each. In-land barges typically transport 1500 short tons each. Rail Operations manages seven rail storage yards capable of holding 4,200 railcars and ships polyethylene, polypropylene and polyvinyl chloride resins. Formosa owns over 7,400 railcars in and leases an additional 1,800 railcars. Formosa interchanges with the Union Pacific Railroad at our Lolita rail yard, where we currently ship ~3,360 railcars each month. More About Our Company Company News Dedication to Quality Our Operations My Formosa
