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Far Eastern New Century

#2448

Rank

$6.21B

Marketcap

TW Taiwan

Country

Far Eastern New Century
Leadership team

Mr. Shu-Tong Hsu (Chairman & Pres)

Mr. David Wang (Chief Financial Officer)

Eric Chueh (Chief Operating Officer)

Products/ Services
Industrial Manufacturing, Manufacturing, Textiles
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1954
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
1402.TW
Social Media
Overview
Location
Summary
Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles worldwide. It operates through Petrochemical Business, Chemical Fiber Business, Textile Business, Telecommunication Services Business, Real Estate Development, and Investment and Other segments. The company offers solid state polymers, such as resins, PET sheets and shrinkable films, and perform bottles; non-woven fibers; fiber filaments; cotton, cotton blended, yarn-dyed, polyester, knitted, and industrial fabrics; towels and bed sheets; woven and knitted garments; natural, synthetic, and blended yarns, and textured yarns; and yarn, silk, and cloth printing and dyeing services. It also develops, constructs, leases, and sells real estate properties; electronic information service; business consulting and management services; produces and sells petrochemical materials, chemical and staple fibers, polyester products, recycled PET sheets, PTA, chips, filaments, and apparels; brews and sells beers; develops internet software; and sells electronic materials and by-products, communications products, and office equipment. Further, it engages in electronic toll collection, digital payment, waste recycling and re-processing, transportation, hotel, market research and general advertisement, intelligent control equipment and security monitoring product, machinery and lubricant wholesale, computer system research and design, and medical supplies production and wholesale businesses. Additionally, it provides call center services; data processing and network information service; import and export of goods; human services; foreign trade; bottle production; and digital payment services. The company was founded in 1942 and is headquartered in Taipei, Taiwan.
History

FENC was founded in 1956 by Irish missionary Dr. William Johnston under the name Far Eastern Textile Limited. It was incorporated in 1964 and since then has become Taiwan’s largest textile manufacturer. In 1989, the company changed its name to FENC and began expanding into other areas and markets around the world.

Mission
FENC's mission is to continuously create value and realize excellence through innovation and excellence to provide quality products and services that meet customer needs, while striving to fulfill the social responsibility of becoming an ethical enterprise.
Vision
FENC strives to become a leader in the global market and to continuously create value for its customers, stakeholders, and society at large.
Key Team

Mr. J. S. Dai (Sr. VP of Accounting Department)

Mr. Alan Tsai (Chairman of Shanghai Far Eastern IT Corp., EVP of Corp. Mngmnt. & Chief Information Security Officer)

Mr. Li-Chi Chen (Sr. VP of Legal Department)

Mr. C. Y. Lin (Chief HR Officer)

Mr. Raymond Hsu (Chief Auditor of Chairman Office)

Mr. Shaw Y. Wang (Chief Philanthropic Director of Chairman Office & Director)

Mr. Tony Liang (Sr. VP of Textile Bus.)

Recognition and Awards
FENC is the recipient of numerous awards for its outstanding performance, including the prestigious Emmy Award for Outstanding Achievement in Sourcing from Textile Magazine and the 2018 Corporate Social Responsibility Award from Forbes Asia for its sustainability initiatives.
References
Far Eastern New Century
Leadership team

Mr. Shu-Tong Hsu (Chairman & Pres)

Mr. David Wang (Chief Financial Officer)

Eric Chueh (Chief Operating Officer)

Products/ Services
Industrial Manufacturing, Manufacturing, Textiles
Headquarters
Taipei, T'ai-pei, Taiwan
Established
1954
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
1402.TW
Social Media