Far Eastern looks west for growth

Far Eastern's Douglas Hsu sees growth in shale gas. Photo: Bloomberg

Taiwanese conglomerate Far Eastern Group is eyeing the development of petrochemical plants in the United States, fuelled by cheap energy as the US exploits its shale gas reserves, company's chairman and chief executive Douglas Tong Hsu says.

Thursday, 18 April, 2013, 5:33am

Spotlight on recycling

Newcomer Teijin Hong Kong brings a new dimension of environmental awareness to a fair that is placing heavy emphasis on eco-friendly products this year.

10 Mar 2009 - 12:00am

Yizheng returns to the black but misses forecasts

Sinopec Yizheng Chemical Fibre, the world's sixth-largest polyester maker by capacity, returned to the black last year from heavy losses a year earlier, helped by the absence of provisions.

2 Apr 2007 - 12:00am

Turning Japanese

Although made in Spain, the Kyoto collection from Fabrics Etc (11/F, Asia Standard Tower, 59 Queen's Road Central, tel: 2810 7360) is distinctly Japanese in flavour, with delicate florals (below), garden scenes reminiscent of traditional brush-and-ink paintings and elegant stripes.

30 May 2004 - 12:00am

Dress code for the future

Welcome to the future. Forget Lycra, nylon and polyester, this sci-fi material modelled by Polytechnic University postdoctoral student Debbie Xiuying Jiang, 30, is what we could all be wearing in the years to come if the university's success in pioneering nano-metallised fabrics is anything to go by.

6 Dec 2003 - 12:00am


Far Eastern Polychem Industries has signed an agreement with associates of its controlling shareholder, Far East Texile, to jointly develop a new production plant near the company's existing polyester production facility in Pudong, Shanghai. It will invest about US$11 million for the joint venture, which will be funded out of its general working capital.

9 May 2003 - 12:00am


Far Eastern Polychem Industries posted a 59.79 per cent year-on-year fall in net profit to HK$82.52 million, despite a 29.58 per cent growth in turnover to HK$1.91 billion. The company blamed the result on an oversupply of polyester and a rise in raw material costs.

15 Mar 2003 - 12:00am

Polychem earnings down 39pc

Growth Enterprise Market-listed mainland polyester manufacturer Far Eastern Polychem Industries saw its first-half net profit tumble 39 per cent to HK$76.56 million despite a 36 per cent growth in turnover to HK$904.68 million.

10 Aug 2002 - 12:00am

Sinopec unit in grim profit warning

Sinopec Yizheng Chemical Fibre, a subsidiary of China's No 2 oil company China Petroleum & Chemical Corp (Sinopec), last night issued a warning saying its profit for the year to December 31 last year was expected to plunge by more than 50 per cent compared with 2000. The company said polyester product prices had been sluggish throughout the year, which had eroded margins.

25 Jan 2002 - 12:00am

Yizheng trims full-year loss

Stabilising polyester prices helped Yizheng Chemical Fibre pull back from a disastrous first half to post a better than expected full-year net loss of 174.72 million yuan (about HK$162.62 million).

27 Mar 1999 - 12:00am

Yizheng Chemical denies merger, acquisition plans

Yizheng Chemical Fibre Co has denied it is involved in any corporate reorganisation or merger and acquisition plans. Directors of the polyester-maker said they had noted certain newspaper reports on Saturday and wished to advise that the company had no concrete reorganisation plans, or that it was involved in negotiations with any company regarding such plans.

21 Jul 1997 - 12:00am

Yizheng forecast cut

Polyester prices are expected to drop by a further 25 per cent this year, substantially cutting the earnings of Yizheng Chemical Fibre, the world's fourth largest polyester maker, according to W.I. Carr (Far East).

The brokerage slashed the company's earnings forecast by 29 per cent for this year and 40 per cent next year.

18 May 1996 - 12:00am

China firms in strong showing

TWO of China's largest chemical companies reported robust interim profits yesterday on the back of surging prices and strong demand.

China's largest polyester maker, H share company Yizheng Chemical Fibre, saw net profit rise 82 per cent to 836.13 million yuan (about HK$777.6 million) for the first six months.

29 Aug 1995 - 12:00am

Where would China's catering industry be without (C10H9O5)x?

Or An Ode To The Terylene Uniform (with apologies to John Updike) My suit is made of terylene Eternally I wear it, For time can never wither, stale, shred, shrink, fade or tear it.

The spicy soups of January no stainage can they muster.

16 Apr 1995 - 12:00am

Smaller queue for Yizheng

YIZHENG Chemical Fibre Co's $714 million public share offering is not seen to be overwhelmingly oversubscribed, unlike new Chinese listings last year.

Applications for the 300 million H shares in Hong Kong, at $2.38 each, will close at noon today.

Brokers quoted Yizheng's grey market price at $2.60, which compares well with most of its predecessors.

17 Mar 1994 - 12:00am