Corporate News: Far Eastern New Century Corporation
Far Eastern New Century Corporation (ticker 1402.TW) closed the trading session on Thursday 22 March 2026 with a 0.35 % increase, reaching a closing price of TWD 28.60. The price movement was recorded at 01:20 PM Central Europe time.
Market Metrics
| Item | Value |
|---|---|
| Current share price | TWD 28.60 |
| Shares outstanding | 5.3 billion |
| Market capitalization | TWD 152.5 billion |
| Volume traded in last 24 h | TWD 124.1 million |
| 12‑month high | TWD 31.65 (02 March 2026) |
| 12‑month low | TWD 23.30 (28 May 2026) |
| 200‑day simple moving average | TWD 27.62 |
| Year‑to‑date change (since last month‑end) | +2.69 % |
Business Context
Far Eastern New Century is a leading Taiwanese plastics producer with significant operations in the global recycled plastics market. The company is part of a cohort of firms that are expanding production capacity and adopting advanced recycling technologies to meet increasing regulatory demands for recycled content.
Recent policy developments in the European Union and India have introduced minimum recycled‑content targets for packaging and other products. In response, industry participants are investing in mechanical and chemical recycling plants, improving sorting and decontamination processes, and forming strategic partnerships to secure feedstock.
The market faces challenges such as aligning supply with regulatory demand, managing price differentials between virgin and recycled polymers, and ensuring consistent quality of recycled materials. Efforts to close the gap between policy and production capacity are expected to influence the market trajectory in the coming years.
Comparative Performance (24‑Hour Trading)
| Stock | Ticker | % Change | Current Price | Market Cap | P/E Ratio |
|---|---|---|---|---|---|
| Compal Electronics | 2324.TW | +2.17 % | TWD 37.45 | TWD 160.8 billion | 19.55 |
| Formosa Sumco Cor | 3532.TW | +9.88 % | TWD 406.50 | TWD 151.1 billion | 343.86 |
| L&k Engineering | 6139.TW | +2.01 % | TWD 650.00 | TWD 155.2 billion | 13.25 |
| Walsin Lihwa | 1605.TW | +0.81 % | TWD 37.00 | TWD 164.0 billion | 11.93 |
| Fositek | 6805.TW | +4.59 % | TWD 2,365.00 | TWD 157.0 billion | 51.69 |
Company Overview
Far Eastern New Century Corporation is a diversified industrial conglomerate that operates primarily in the textile sector. The company specializes in the manufacturing and global distribution of polyester materials, semi‑finished, and finished textiles. Its product portfolio supports a range of downstream applications, including apparel, industrial fabrics, and recycled plastics.