Far Eastern New Century Corporation
TTWSE:140228.90
TWD
+0.30
(+1.05%)
ISIN
TW0001402006
Return %
Stock
S&P 500
1Y
4.90
14.20
3Y
0.17
81.12
5Y
-1.70
68.34
Capital Structure
TWD
•
in mil. unless spec.Working Capital
TWD
•
in mil. unless spec.Growth Rates
TWD
•
in mil. unless spec.Quarterly Revenue
TWD
•
in mil. unless spec.Quarterly Earnings Per Share
TWD
•
in mil. unless spec.Quarterly Dividends Per Share
TWD
•
in mil. unless spec.Company Description
- CEO
- Chengyu Zheng
- Full Time Employees
- 30,603
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- Taipei Metro Tower Taipei TPE Taiwan 106
- IPO Date
- Apr 14, 1967
- Website
- fenc.com
- Similar Companies
- Business
- Far Eastern New Century Corporation is a Taiwanese conglomerate primarily engaged in the production and sale of polyester materials and textiles, operating in Taiwan, China, and internationally. Its core product lines include synthetic fibers, partially oriented yarn (POY), draw textured yarn (DTY), stable fibers used in hygiene, automotive, home textiles, and industrial applications; spun yarns; technical textiles; fabrics; and finished apparel such as yoga wear, casual wear, outerwear, and sportswear. Additionally, the company manufactures and markets polyester materials derived from petrochemical raw materials and operates in cement and building materials, construction, transportation, retail, telecom, and technology sectors. It also develops, leases, and manages real estate investments. Founded in 1942 and headquartered in Taipei, Taiwan, Far Eastern New Century has diversified business operations across multiple industries through its subsidiaries. In recent years, Far Eastern New Century has undertaken significant strategic initiatives including a merger with Asia Pacific Telecom, enhancing its presence in telecommunications and expanding into Big Data, AI, and IoT application services, addressing smart cities, intelligent healthcare, and digital transformation markets. The company’s cement operations in Taiwan and investments in ready-mixed concrete and electricity generation have contributed to profit growth. It has also launched advanced polyester products and carbon dioxide recycling technologies emphasizing environmental protection, biomass, carbon-reduced materials, and high-end fibers. Far Eastern New Century is advancing a green transformation strategy with targets to reduce greenhouse gas emissions by 50%, achieve 50% revenue from green products, and source 50% of raw materials sustainably by 2030. By 2024, it reported a 34% reduction in emissions relative to baseline, with green products accounting for 33% of production business revenue. Its retail segment maintains strong performance, exemplified by Far Eastern Garden City in Taiwan and Chongqing Far Eastern City in China, both integrating cultural and urban themes harmoniously with commercial innovation. The company employs over 33,000 people and operates in key markets across Asia including Taiwan, China, and Southeast Asia. Its investment portfolio spans industries such as cement and building materials, transportation, polyester materials, retail, telecom, and technology. Far Eastern New Century continues to evolve as an industrial conglomerate with a leading position in polyester manufacturing and a growing footprint in smart technology and sustainable development sectors. Recent expansions have reinforced its commitment to digital transformation and ecological sustainability while maintaining strong industrial roots in textiles and petrochemicals.