Formosa Plastics Group (FPG) is the largest conglomerate headquartered in Taiwan, co-founded by Wang Yung-ching and his brother Wang Yung-tsai in 1954. The Group now has numerous investments in Taiwan, the United States, Mainland China and Southeast Asia, covering various fields such as petrochemicals, polymers, electronics, energy resources, engineering, biotechnology, education and medical services, with annual turnover exceeding 60 billion USD.