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Formosa Plastics raises pay 4.5% as it pushes transformation and new energy investments

Formosa Plastics Group said it will keep its annual salary increase tradition in 2026, approving an overall pay raise of 4.5% through its management center. The move comes as the Taiwanese industrial conglomerate continues a shift toward higher-value products, business transformation and new-energy investment while managing recent pressure from geopolitics, oversupply, oil price swings and foreign exchange losses.