TAIPEI (Taiwan News) — Taiwan’s Nan Ya Plastics, part of the Formosa Plastics Group, said it will expand production of medical materials and semiconductor manufacturing materials, aiming for an annual output value of NT$40 billion (US$1.27 billion).
Nan Ya is transforming from a supplier of plastic products and petrochemical materials into an innovation-driven company. The company said it has developed 42 R&D projects and plans to spend NT$10 billion on new development by 2030, per Economic Daily News.
Nan Ya’s medical materials include products such as vacuum blood collection tubes, blood bags, cell culture bags, and surgical anti-adhesion membranes. The company has supplied AventaCell BioMedical, a Taiwanese regenerative medicine and cell culture company, with cell culture bags for its products.
Nan Ya plans to produce products for testing, dental, bone, and heart treatments this year. The company added that four of its medical materials have received approval from the health ministry and could generate an annual output value of NT$1.4 billion.
Developing materials for semiconductor manufacturing will be a key focus for Nan Ya. The company is developing films for semiconductor processes, electronic-grade hydrogen peroxide, and plastic tubing, some of which will enter mass production this year. It estimated that revenue from these materials could reach NT$3 billion.
Company President Chou Ming-jen (鄒明仁) said Nan Ya will expand its partnership with Japan’s Nitto Boseki to produce glass fiber fabric. He noted the material is mainly used in printed circuit board substrates, which are seeing rising demand from smartphones, laptops, and AI servers.
A complete power grid system is key to ensuring a stable electricity supply for large data centers. Nan Ya Chair Wu Chia-chau (吳嘉昭) said the company has partnered with foreign firms to develop transformers as part of its bid for government projects to strengthen grid resilience.
Nan Ya posted a net profit of about NT$4.52 billion last year, up 35.2% from 2024. The company attributed the growth to electronic materials, whose share of revenue rose to 46.4% amid strong demand for AI servers and high-performance computing platforms.
