Mon, Dec 15, 2014 - Page 13 News List

Formosa Plastics cofounder’s funeral held

By Camaron Kao  /  Staff writer

President Ma Ying-jeou, right, presents Formosa Plastics Group chairman William Wong with an official commendation in Taipei yesterday at the funeral of his father, group cofounder Wang Yung-tsai.

Photo courtesy of Formosa Plastics Group

Formosa Plastics Group (FPG, 台塑集團) yesterday held a funeral for cofounder Wang Yung-tsai (王永在), that drew many key political and business figures.

President Ma Ying-jeou (馬英九) made a statement praising Wang for building the group’s production base in Yunlin County’s Mailiao Township (麥寮), which helped boost the nation’s petrochemical industry, generate tax income and create jobs.

Vice President Wu Den-yih (吳敦義), Legislative Speaker Wang Jin-pyng (王金平) and Minister of Economic Affairs John Deng (鄧振中) attended the ceremony, as well as Democratic Progressive Party (DPP) caucus whip Ker Chien- ming (柯建銘) and former DPP chairman Su Tseng-chang (蘇貞昌).

Wang passed away on Nov. 27. at the age of 93. He was a younger brother of Wang Yung-ching (王永慶), the other founder of the group. The younger Wang was dubbed “the grand architect” of the group’s production site in Mailiao — which encompasses the nation’s sixth naphtha cracker, an oil factory, a power plant and a harbor — because he supervised its construction, which started in 1994, according to the group.

“Wang [Yung-tsai] was a person who always quietly finished what had to be done and never asked for fame,” Chinese National Federation of Industries (CNFI, 全國工業總會) chairman Rock Hsu (許勝雄) said.

HTC Corp (宏達電) chairwoman Cher Wang (王雪紅), a niece Wang Yung-tsai, said that he devoted all his life to Taiwan and to the group, and his diligence is worth emulating.

Formosa Plastics Group chairman William Wong (王文淵), Wang Yung-tsai’s son, said he learned how to run a company from his father, who used to spend several hours at weekends discussing corporate management with Wong, and sharing his experience restructuring Formosa Chemicals & Fibre Corp (台灣化學纖維) and Nan Ya Plastics Corp (南亞塑膠).

Wong said he would live up to his father’s expectations and complete all of the group’s important projects.

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