Summary: Nan Ya Plastics Corp. May 12
- ID: 2152970
- May 2012
- Standard & Poors
Strong domestic market position in the petrochemical and oil refining industries. Strong operating efficiency through highly integrated group production facilities and significant economies of scale. Satisfactory cash flow protection. Significant industry risks due to volatile pricing movement in the petrochemical and oil refining businesses. Satisfactory business diversity but with significant asset concentration on one production site. Moderate financial policy but with continued support on high-risk non-core investments. The ratings on Taiwan-based Nan Ya Plastics Corp. reflect the company's status as a core member of the Formosa Plastics group (FP group; Formosa Plastics Corp., Nan Ya Plastics Corp., Formosa Chemicals & Fibre Corp., and Formosa Petrochemical Corp.). When analyzing the credit quality of the four core members, Standard & Poor's Ratings...
Companies mentioned in this report are:
- Nan Ya Plastics Corp.
- Taiwan Power Co.
- Formosa Chemicals & Fibre Corp.
- Formosa Plastics Corp.
- Formosa Petrochemical Corp.
- Nanya Technology Corp.
- Inotera Memories Inc.
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