FORMOSA TAFFETA CO., LTD. (FTC) was established in April 1973. At that time in Taiwan, the textile industry and export trading business was flourishing. The Formosa Chemical and Fiber Co., a member of the Formosa Plastic Group, in conjunction with a selected number of private investors, cooperated together to establish FTC. FTC utilized the most modern machinery and became a vital link in the middle-stream textile industry with its weaving, dyeing,printing and finishing process and gained the reputation of being a "faithful supplier". FTC has had a business philosophy of harmony, creativity, service and contribution, and providing various quality products to down-stream processing industries. The company has sought to upgrade the quality of life both for its customers and its product users.