This tale belongs to Forbes’ record on Taiwan’s wealthiest 2025. See the complete listing below

As Taiwan’s chemical market resists the headwind, siblings William and Wilfred Wang are attracting wide range from the Formosa Plastics Team and initially showed up in Taiwan’s wealthiest supplies in 2018, with 4 decreases this year.

Supplies of Gormosa Plastics Corp. Team front runner supply reported that the business shed $1.2 billion ($ 40 million) in 2024, the initial in years, down almost 50% from a year earlier. Various other significant devices, Shermosa chemicals and fibers, Formosa Petrochemicals and Nanya plastics additionally see their share.

Formosa is just one of the globe’s biggest plastics and petrochemical manufacturers, and it sheds because of international need and excess in landmass China. Unlike landmass rivals, the team has actually additionally been interfered with by its dependence on imported basic materials, claimed Michelle Cheng, a companion at Taipei-based Masterlink Stocks Financial Investment Advisory. She included that Holmosa’s carbon neutral conversion was additionally dragging. Looking in advance, export-led teams will certainly need to surf the expanding profession protectionism in 2 significant markets in landmass China and the USA, she claimed.

Formosa Plastics Team has actually been led by its late papa because 2006 and has actually been attempting to make it through the tornado by broadening in India, Southeast Asia and various other markets and creating even more value-added items. Over the previous couple of years, the siblings have actually left them out of their day-to-day administration and handed them over to specialists.