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in2009).FarEasternGroupisthefirsttextilesmanufacturerinTaiwantobeverticallyintegratedandevennow,revenuefromthetextilebusinessaccountsforone ...
The textile business laid the foundation for the expansion of Far Eastern Group, which began with spinning and weaving and expanded into upstream polyester synthetic fiber. Far Eastern Textiles Co., Ltd. was incorporated in 1949 (the company’s name was changed to Far Eastern New Century Co., Ltd. in 2009). Far Eastern Group is the first textiles manufacturer in Taiwan to be vertically integrated and even now, revenue from the textile business accounts for one fifth of group-wide revenue, and still serves as an important core business for the Far Eastern Group.
Far Eastern New Century formed the Synthetic Fiber Division and Textiles Division as part of a global strategy and to take advantage of group synergies. The Synthetic Fiber Division includes Far Eastern New Centurys Hsinpu fiber plant and Kuanyin plant in Taiwan, Far Eastern Industries (Shanghai) Ltd., Wuhan Far Eastern New Material Co., Ltd., Far...
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