Formosa Plastics Group (台塑企業), also known as FPG, is a Taiwan-based industrial conglomerate founded in 1954 by brothers Wang Yung-ching (王永慶) and Wang Yung-tsai (王永在) in Kaohsiung. According to the group’s corporate introduction, it began as the world’s smallest polyvinyl chloride (PVC) factory, with a daily production capacity of four tons, and expanded over seven decades into a conglomerate of more than 100 companies. Core subsidiaries include Formosa Plastics Corp. (台灣塑膠公司), Nan Ya Plastics Corp. (南亞塑膠公司), Formosa Chemicals & Fibre Corp. (台灣化學纖維公司), Formosa Petrochemical Corp. (台塑石化公司), and Formosa Ha Tinh Steel Corp. (台塑河靜鋼鐵公司). The group maintains production operations in Taiwan, the United States, China, Vietnam, the Philippines, and Indonesia. It also operates a network of healthcare and education institutions, including Chang Gung Memorial Hospital (長庚紀念醫院), founded in 1976, Ming Chi University of Technology (明志科技大學), founded in December 1963, and Chang Gung University (長庚大學). FPG is the parent company of Yung Tsai Investment Co., Ltd. (永在投資股份有限公司), which acquired Gala Television in 2014.