The textile business laid the foundation for the expansion of FEG. Far Eastern Textile was established in 1949, later renameed Far Eastern New Century in 2009 and focused on production, land development and investment. FENC is the global leading manufacturer of polyester materials, the production sites covers Taiwan, Mainland China, Southeast Asia, Vietnam and United States.
Cement and Building Materials
Cement is the foundation of economic development and urbanization. It was also the first step the FEG took as a diversified conglomerate. Asia Cement Corporation was established in 1957, producing "Skyscraper" brand cement in factories in both Taiwan and Mainland China. ACC is ranked top ten cement group at both sides of Strait. Asia Cement (China) was successfully listed in Hong Kong in 2008. Ready-mixed, precast concrete and stainless steel products are offered in the market to better serve client needs.
Since 1967, Far Eastern Department Stores, The Mall was established, Pacific SOGO (now FE SOGO) was merged and expanded the scope to Mainland China. FEG also stepped in the areas of hypermarket (A-mart), high-end supermarket (city'super) and shopping malls (Big City) to offer diversified services to the general public.
The transportation business began with the services for cement customers worldwide. U-Ming Marine Transport was founded in 1969 to offer bulk shipping services and now with subsidiaries in Singapore, Hong Kong and Xiamen. The service later is expanded from cement (Wuhan Asia Marine Transport in China) to a whole spectrum of services, from commodities to industrial products (Fu-Ming, Fu-Da, and Ya-Li Transport in Taiwan).
Education and medical care are the two major public welfare themes of FEG. Since 1968, schools are set up and now 2 universities (YZU, AEUST) are the benchmarks of the private schools. Since 1976 foundations are set up in sponsoring different art and education activities, medical researches & care, and technology innovations. FE hospital was establised in 1981 and is the only medical center in New Taipei City.
Oriental Securities was the steping stone for FEG in financial services in 1978, Far Eastern International Bank was later established in 1992 and has offices in Hong Kong, Shanghai, Vietnam and Singapore. FEG aims to provide tailored professional and innovative digital services by integrating banking, securities, investment consulting, trust, leasing, asset management and insurance agency services.
Petrochemical and Energy
Oriental Union Chemical was invested in 1975 in line with the government's policy for promoting the petrochemical industry. Later, OPC and FEPY were acquired and established. In 1996, Chiahui Power was set up to support government clean energy policy.
Robust economic growth in the 1980s in Taiwan created huge demand for architecture and constructions. FE Construction and FE General Contractor were set up since 1978 for various internal construction projects and large scale public construction projects. In 2003, FE Resources Development was formed to improve the group land resource utilization efficiency and invesmtnet performance for a complete construction framework.
In the 1990s, internationalization and deregulation propelled robust economic and trade growth in Taiwan, which in turn led to huge increases in international travel services. FEG opened Shangri-La's FE Plaza Hotel in Taipei and Taiwan to offer 5-star services. Mega 50 was the first 5-star dinning in New Taipei City, it is opened at 2016 at tallest building in the City and set up the benchmark for top services.
Telecom and Technology
FEG entered the Taiwan Telecom market in 1997 and actively builds up all-rounded mobile life circle with companies including Far EasTone, FETC, Arcoa, NextLink…etc. In responding to the new normal, and enhancing digital streaming, Far EasTone keeps combining resources and network to play an important role in the new era of the broadband networks.