FPG – Stockholders Meeting
disturbed by massive Protests
Concern Management under Criticism

The annual stockholders meeting of the world-wide operating chemistry concern FORMOSA PLASTICS GROUP (FPG) took place in Sunworld Dynasty Hotel (1) in Taipei on Friday, June 25th, under the sign of massive protests by Green Shareholders, an international alliance backed by “ethecon – Foundation Ethics and Economy“ (ethecon – Stiftung Ethik & Ökonomie). With speeches and demonstrations these uninvited visitors criticized owner family Wang and the executive management of FPG for crimes committed against mankind and the environment throughout the world. Their intended presentation of the International ethecon Black Planet Award was thwarted by the intervention of police and the concern‚s own security forces. The environmental and peace actionist Diane Wilson, recipient of the International ethecon Blue Planet Award 2006, and other actionists were carried out of the room. Wilson, who had travelled to Taiwan from the USA for the presention, lives near an FPG plant.

Together with ethecon Foundation, representatives of several Taiwanese social and environmental protection organisations “attended“ the FORMOSA PLASTICS GROUP stockholders meeting on Friday in Taipei/Tawan. In front of the executives and approximately 600 stockholders, they condemned the increasing cancer rates and the extreme contamination of ground water with a toxic content of up to 300,000 times the legal limit found in areas around various FPG plants. They also voiced their concern about environmental and safety issues in respect to the FPG factory in Point Comfort, Texas. It is the workers who suffer first when FPG violates environmental or occupational health and safety regulations. For this reason, the Texas group “Injured Workers United“ as well as workers from Taiwan supported the protests.

The long list of scandalous crimes committed by FPG against mankind and the environment may be found in an extensive ethecon Dossier in three languages and in other documents. As the recipients of the International ethecon Black Planet Award 2009, owner family Wang, CEO Lee
Chih-tsuen und the executive management of Formosa Plastics Group were publicly censured as being responsible for the ruin and destruction of our planet. The activists planned to present the Black Planet Award and to read an Open Letter as part of the protest measures at the meeting. Both of these intended actions were however thwarted by a large contingent of police and the concern‘s security forces. One of these activists was Diane Wilson, ethecon Blue Planet award winner in 2006, who lives near an FPG plant and who had travelled from the USA specifically for the presentation. She and others had organinized a spontaneous Sit-In and were carried out of the room.

Already weeks prior to the stockholders meeting there were conflicts with FPG; since May the concern has answered on-going protest actions with censure and legal threats.

Formosa Plastics Group is one of the world‚s largest producers of the notorious substance PVC. This product ist reputed to cause major illnesses such as cancer, cardio-vascular diseases and circulatory problems as well as miscarriages and birth defects. FPG is also one of the world‘s largest producers of bisphenol A, which is currently under massive criticism in Germany and all of Europe. It has been prohibited in several countries. The concern is known throughout the world for its scandalous negligence in regard to environmental and health protection issues. More information may be found
in the dossier compiled by “ethecon – Foundation Ethics & Economy“.

In the years 2006-2008 the owners and/or the stockholders as well as the executive management of
MONSANTO (2006), NESTLÉ (2007) und XE/BLACKWATER (2008) were publicly censured through the bestowal of ethecon's annual Black Planet Award.

Parallel to the annual presentation of its negative prize, ethecon also grants a positive prize, the Blue Planet Award. Former recipients were Diane Wilson/USA (2006), Vandany Shiva/India (2007), José Abreu und Hugo Chávez/Venezuela (2008) and Uri Avnery/Israel (2009).

In contrast to many corporate, family, church, political and state foundations, ethecon is one of the few foundations empowered by ordinary citizens and which sees its mission in its responsibility toward coming generations. This young foundation is financed through endowment contributions, donations and sustaining memberships.

(1) Sunworld Dynasty Hotel, 2F No 100 Tunhua S Rd, Taipei, Taiwan, R.O.C.

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