Far Eastern Textile Ltd. - Company Capsule by ICDResearch

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									Far Eastern Textile Ltd.

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Far Eastern Textile Ltd. - Company Capsule

Reference Code: PK0004CC
Published Date: April 2011




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Far Eastern Textile Ltd. - Company Capsule                                          Page 1
Far Eastern Textile Ltd.

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Far Eastern Textile Ltd. - Company Overview

Far Eastern Textile Ltd. (Far Eastern) is a Taiwan based company engaged in fiber and textile business. The company,
through its subsidiaries, manufactures and sells polyester materials, semi finished products and finished goods such as
cotton, synthetic or blended fabrics, towels and bedsheets, and woven and knitted garments. The company also
manufactures and sells polyethylene terephthalate (PET) bottles and PET sheets as well as natural, synthetic or blended
yarns and polyester textured yarns. Far Eastern also engages in yarn, silk and cloth printing, dyeing, manufactures of
wide-view film, antiglare film, antireflection film and other optical films. The company principally operates through two
reportable segments, namely, Fiber Division (Polyester) and Textile Division (Spinning, Weaving and Dyeing). It operates
in Asia, America and Europe regions. The company is headquartered in Taipei, Taiwan.


Financial Performance

The company reported revenue of TWD 166,973.37 million during the fiscal year ended December 2009. The company's
grew at a CAGR of 0.96% during the period 2007-2009 with a year on year decrease of 3.48% over fiscal year 2008.
During the fiscal year 2009, its operating margin was 9.37% as against an operating margin of 8.57% in fiscal year 2008.
During the fiscal year 2009, the company registered a net margin of 8.76% as against a net margin of 5.96% in the fiscal
year 2008.




Far Eastern Textile Ltd. - Key Facts

Far Eastern Textile Ltd., Key Facts

                                  36F,Taipei Metro Tower No.207,,
                                                                    Ticker Symbol, Stock
Corporate Address:                Taipei, , , Taiwan
                                                                                               1402 (Taiwan Stock Exchange)
                                                                    Exchange



Telephone                          + 886 2 27338000                 No. of Employees           20,834



Fax                                + 886 2 27367184                 Financial Year End         December



URL                               www.fenc.com                      Revenue (in TWD Million)   166,973.37



Industry                          Paper and Packaging , Textiles    Revenue (in USD Million)   5,049.09



Locations                         Taiwan

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




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Far Eastern Textile Ltd. - Company Capsule                                                                           Page 2
Far Eastern Textile Ltd.

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Far Eastern Textile Ltd. - Major Products and Services

Far Eastern Textile Ltd. is engaged in manufacturing and selling fiber products. the Key products of the company include
the following:

Far Eastern Textile Ltd., Major Products and Services
Products:

POY

SDY

DTY

HDI Products

INGEO Fiber

Microfiber

Bottle Resins

Plate Resins

High Viscosity Resins

Preforms

Plates

Bottles

Textile Division:

Apparel:

Global Operation & Customer

Knit’s Sport Wear

Woven Shirt

Boxer

Sleep Wear

Baby Wear

Industrial Fabrics:

Tarpaulin

Conveyer (Rubber & Plastic)

Filtration (Liquid & Air)

Industrial Twisting Yarn

Knitting Fabrics:

Warm Tech

Fancy Fleece

Melange

Stretch

Two Side Tone

UV-Cut

Wicking

Structures

Woven Greige Fabrics & P/D Woven Fabrics:




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Far Eastern Textile Ltd. - Company Capsule                                                                       Page 3
Far Eastern Textile Ltd.

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Far Eastern Textile Ltd., Major Products and Services
Woven Greige Fabrics

P/D Woven Fabrics

Permanent Functional Fabrics

Special Materials

Interwoven Fabrics

Spun Fabrics

Y/D Woven Fabrics

Spun Yarn:

Ring Yarn

OE Yarn

Specialty Yarn

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




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Far Eastern Textile Ltd. - Company Capsule                                          Page 4
Far Eastern Textile Ltd.

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Far Eastern Textile Ltd. - Key Competitors

The following companies are the major competitors of Far Eastern Textile Ltd.:

Huafang Textile Co., Ltd.

Standard Textile Co., Inc.

Titan Textile Co., Inc.

Formosa Taffeta Co Ltd

C&M Holdings, Inc.




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Far Eastern Textile Ltd. - Company Capsule                                          Page 5
Far Eastern Textile Ltd.

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Far Eastern Textile Ltd. - Key Employees


Far Eastern Textile Ltd., Key Employees


            Name                      Job Title                        Board Level     Since   Age


Douglas Tong Hsu       Chairman                                  Executive Board       2009


Johnny Shih            Vice Chairman, President                  Executive Board       1995


Raymond Hsu            Director                                  Non Executive Board   1996


                       Director, Senior Executive Vice
Peter Hsu                                                        Executive Board       2005
                       President - Purchasing Department

                       Director, Chief Senior Executive Vice
Shaw Y. Wang                                                     Executive Board       2005
                       President

                       Director, Senior Vice President - Chief
Champion Lee                                                     Executive Board       2005
                       of Finance Office & Chairman Office
                       Director, Senior Executive Vice
Y.H. Tseng             president - Polyester Business            Executive Board       2005
                       Operation Center

Tonia Katherine Hsu    Director                                  Non Executive Board   2009


Richard Yang           Director                                  Non Executive Board   2009


Kwan-Tao Li            Director                                  Non Executive Board   2009


Kuo-Ming Wang          Director                                  Non Executive Board


C.S. Tu                Director                                  Non Executive Board


                       Senior Executive Vice president -
Eric Hu                                                          Senior Management     2005
                       Textile Business Operation Center

                       Executive Vice President - -
Benjamin Shih                                                    Senior Management     2005
                       Management De
								
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