Formosan Union Chemical Corp - Company Capsule by ICDResearch

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									Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Company
Capsule
Reference Code BR1120CC
Published Date: April 2011




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Formosan Union Chemical Corp - Company Capsule                                      Page 1
Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Company Overview

Formosan Union Chemical Corp. (FUCC) is a Taiwan based chemicals manufacturing company. The company is
principally engaged in developing, manufacturing, and selling a variety of chemicals that include Alkyl benzene, Nonyl
phenol, and hydrogenated petroleum resin to its clients across various locations in the country. In addition, it offers
hydrogenated C9 hydrocarbon, dodecyl benzene sulfonic acid nonyl phenol, linear & branched alkyl benzene, and related
products. These products find their application as a raw materials used for detergents, ethylene-vinyl acetate polymer
EVA, thermal plastic rubber TPR series hot melt adhesives, surfactants and rubber anti-oxidant agents. FUCC is
headquartered in Taipei, Taiwan.

Financial Performance

The company reported revenue of TWD 8004.20 million during the fiscal year ended December 2009. The company's
revenue decline at a compounded rate of 2.97% during the period 2007-2009 with a year on year growth of 19.33% over
fiscal year 2008. During the fiscal year 2009, its operating margin was 6.04% as against an operating margin of 4.01% in
fiscal year 2008. During the fiscal year 2009, the company registered a net margin of 4.12% as against a net margin of
3.23% in the fiscal year 2008

Formosan Union Chemical Corp - Key Facts

Formosan Union Chemical Corp, Key Facts


                                  14th Floor, Taipei, , , Taiwan    Ticker Symbol, Stock
Corporate Address:                                                                             1709 (Taiwan Stock Exchange)
                                                                    Exchange



Telephone                          + 886 2 25071234                 No. of Employees           403



Fax                                + 886 2 25071664                 Financial Year End         December



URL                               www.fucc.com.tw                   Revenue (in TWD Million)   9,922.55



Industry                          Chemicals                         Revenue (in USD Million)   316.21



Locations                         Taiwan

Source: Annual Report, Company Website, Primary and Secondary Research




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Formosan Union Chemical Corp - Company Capsule                                                                       Page 2
Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Major Products and Services

Formosan Union Chemical Corp is a manufacturer and trader of various chemicals. The key products offered by the
company include the following:

Formosan Union Chemical Corp, Major Products and Services
Products:

Chemicals:

Alkyl Benzene

Normal Olefin

Nonyl Phenol

Hydrogenated Petroleum Resin

Linear Alkyl Benzene

Branched Alkyl Benzene

Linear Alkyl Benzene Sulfonic Acid

Dodecyl Benzene Sulfonic Acid Nonyl Phenol

Hydrogenated C9 Hydrocarbon Resin

Heavy Linear Alkyl Benzene

Heavy Branched Alkyl Benzene

Light Branched Alkyl Benzene
Source: Annual Report, Company Website, Primary and Secondary Research




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Formosan Union Chemical Corp - Company Capsule                                                               Page 3
Formosan Union Chemical Corp

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Formosan Union Chemical Corp – Key Competitors

The following companies are the major competitors of Formosan Union Chemical Corp:

UPC Technology Corporation

USI Corporation

Ho Tung Chemical Corp., Ltd.

Taiwan Prosperity Chemical Corporation

Access Co., Ltd.




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Formosan Union Chemical Corp - Company Capsule                                       Page 4
Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Key Employees


Formosan Union Chemical Corp, Key Employees


            Name                           Job Title                      Board Level     Since   Age


Xun Chen                   Chairman                                 Non Executive Board   2008


Chuanshi Cai               General Manager                          Senior Management


Shengshun Huang            Director                                 Non Executive Board


Zhiqun Guo                 Director                                 Non Executive Board


Kunlie Yang                Director                                 Non Executive Board


Zhenzhi Guo                Director                                 Non Executive Board


Jincai Guo                 Director                                 Non Executive Board


Defeng Chen                Director                                 Non Executive Board


Zhimao Guo                 Director                                 Non Executive Board


Yixue Zheng                Director                                 Non Executive Board


Ronghui Xu                 Director                                 Non Executive Board


Zhilong Lin                Director                                 Non Executive Board


Shengcai Huang             Director                                 Non Executive Board


Panhuan Zhang              Director                                 Non Executive Board


Pingfu Ji                  Director                                 Non Executive Board


Jiaan Shi                  Director                                 Non Executive Board

Source: Annual Report, Company Website, Primary and Secondary Research




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Formosan Union Chemical Corp - Company Capsule                                                      Page 5
Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Locations and Subsidiaries

Head Office

Formosan Union Chemical Corp
14th Floor
Taipei
Taiwan
Tel: + 886 2 25071234
Fax: + 886 2 25071664




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Formosan Union Chemical Corp - Company Capsule                                      Page 6
Formosan Union Chemical Corp

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Formosan Union Chemical Corp - Financial Ratios

Financial Ratios - Capital Market Ratios
Formosan Union Chemical Corp, Ratios based on current share price

                                                Key Ratios                                                            10-Sep-2010
P/E (Price/Earnings) Ratio                                                                                               17.7
EV/EBITDA (Enterprise Value/Earnings Before Interest, Taxes, Depreciation and Amortization)                              12.91
Enterprise Value/Sales                                                                                                   0.84
Enterprise Value/Operating Profit                
								
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