Taipei (ots/PRNewswire) – Far Eastern New Century (FENC) is a global leader in the sustainable recycled polyester industry. With the largest production of food-grade recycled polyester in the world, FENC includes a seamlessly integrated production and sales system that extends from recycled feedstock to end product application. Thanks to FENC’s enormous recycling capacities, more than 22 billion pieces of recycled PET bottles are processed into high-quality sustainable products. The company creates value from waste by processing the bottles into food and non-food packaging, hygiene materials, automotive textiles, home textiles, sportswear, shoes and much more. Partnerships with world-class brands such as Coca-Cola, Pepsi, Suntory, Fiji Water, F&N, Asahi, L’Oreal, Unilever, P&G, Nike, adidas and lululemon demonstrate both the company’s cutting-edge recycling technology and its tireless commitment to the cause Circular economy.
FENC’s presence in recycled polyester production extends across Taiwan, Mainland China, Japan, the United States and Southeast Asia. To reinforce its leadership position and contribute to a greener polyester sector, FENC is actively expanding its capacity for high-quality, food-grade recycled polyester. The newly opened Kansai facility in Japan, which complements the existing Kanto facility, will further solidify FENC’s leadership in the Japanese recycled polyester market. In addition, the upcoming commissioning of Vietnam’s recycling plant in the second half of 2024 not only contributes to the local recycling infrastructure but also advances Vietnam’s circular economy agenda. In addition, FENC broke ground on an expansion project for its recycled polyester factory in Malacca, Malaysia in April 2024. This expansion, scheduled to be operational by the end of 2025, will create a fully integrated upstream-downstream operation with the existing bottle production facility, increasing value creation along the supply chain. Across the Pacific, the FENC plant in the US completed its capacity expansion in the first half of 2024, giving new impetus to the country’s circular economy.
FENC has been committed to the circular economy for over three decades. With flexible production and sales strategies, the company has secured regional advantages in the supply chain of the recycled polyester sector and promoted the sustainable development of the entire industry. In 2023, FENC received widespread recognition for its exemplary environmental, social and governance (ESG) performance, topping the Minderoo Foundation’s global assessment of plastic circularity, ranking in the top 2 according to Sustainalytics’ ESG risk ratings .5% of the global chemical industry and secured a place among the top five Taiwan-listed companies in FTSE Russell’s ESG ratings.
Information about Far Eastern New Century (FENC)
FENC was founded in 1949. It is an international company based in Taiwan, operating in the USA, Japan, Mainland China, Vietnam, Malaysia, the Philippines and many other countries/regions. With over 30,000 employees, FENC is the only vertically integrated polyester supplier in the world, offering a range of products ranging from raw materials to consumer products. The company’s consolidated revenue in 2023 reached $8.3 billion with total assets of $22 billion.
For more information about FENC, see http://www.fenc.com
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Questions & Contact:
Jonathan Liu,
jonathanliu@feg.com.tw