Formosa Plastics Corp (FPC), a subsidiary of Formosa Plastics Group, manufactures and markets intermediate raw materials for plastics. Its products include polyvinyl chloride (PVC) resins, PVC powder, carbon fibers, super absorbent polymers, acrylic fibers, hydrochloric acid, plastic modifier, acrylic acid and esters, normal butanol, and others. The company also provides electronic control systems such as distributed control system (DCS), power management system (PMS), safety instrumented system (SIS) and industrial digital solutions.

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FPC has undertaken numerous R&D initiatives, focusing on the development of a wide range of products. These include impact modifiers, processing aids, PVC resins for various applications, electrolytes for lithium batteries, high molecular weight paste resins, and many more. The company has also developed products for specific industries such as aerospace and automotive, with products like aerospace carbon fiber, low odor PVC for car interiors, and electrolytes for vehicle batteries. In addition, FPC has been working on new processes and technologies, such as activated carbon adsorption/regeneration technology and the development of bimodal micro-suspension for foam application. The company maintained a strong innovation pipeline: 35 new products were developed and 16 new products were commercialized. The company secured a total of 42 patents over the course of the fiscal year, elevating the aggregate count of active patents to 343 by the end of FY2024. In FY2024, the company spent TWD2,509 million on R&D, which as a percentage of revenue stood at 1.3%.