Founded in 1978, Formosa Plastics Corporation, U.S.A. is a privately held company that is a manufacturer of plastic resins and petrochemicals. Its services include natural gas drilling and polyvinyl chloride downstream processing. The company operates more than 15 production units in over five business divisions, such as Polyolefins, Vinyl, Specialty Polyvinyl Chloride, Chlor-Alkali and Energy & Olefins. Formosa Plastics Corporation operates manufacturing facilities in Delaware, Illinois, Louisiana and Texas. With annual revenues of more than $4 billion, it employs nearly 2,000 people. The company produces oil and gas through its subsidiary Neumin Production Company and transports raw materials through another subsidiary Lavaca Pipe Line Company. Formosa Plastics Corporation offers polypropylene and polyethylene resins under the Formolene brand. It also provides suspension and specialty polyvinyl chloride resins under the Formolon brand. The company is a subsidiary of Formosa Plastics Group, which is one of the leading companies that specializes in petrochemical production and processing in the world.