Since COVID-19 outbreaks began in December 2019, the virus quickly spread from its epicenter in Asia into a global pandemic. By May 2020, over 6 million people worldwide have been infected, with the death toll reaching 350,000. This black swan is impacting global economy at an astronomical scale. World Trade Organization (WTO) estimated in April that global trade will shrink by 13% in 2020, very possibly worse than the 2008-2009 financial crisis. International Labor Organization (ILO) estimates that approximately 2.7 billion workers, over 80% of the global workforce, are affected by the pandemic.

 

Support for Society: Fighting COVID-19 with Medical Grade Fiber

FENC is the largest supplier of medical-grade PE/PP and PE/PET composite fibers in the world, and the only company in Taiwan supplying materials that make up the skin-friendly inner layer of medical masks.

On March 31^st, 2020, daily medical mask production in Taiwan surpassed 13 million, and FENC is the sole supplier of all skin-friendly medical-grade fiber that makes up the inner layer of these masks. National medical mask production will jump to 20 million per day for the next stage, and FENC is prepared to supply the medical-grade fiber needed.

Aside from stable supply of materials for the production of medical masks, FENC also produces PE/PET composite fiber for N95 masks. The government has demanded higher N95 production for the fight against COVID-19, and FENC is more than ready to satisfy this demand with ample supply of the raw materials needed.

FENC is also the leading global supplier of medical-grade non-woven fabric, supplying high-quality fiber to major brands worldwide. Our strategic research and development efforts have been channeled toward functional fibers such as medical-grade and anti-virus fibers, which propel us into the production of protective clothing, including medical and surgical gowns. Expanding from decades of development in Taiwan, our production bases have branched into Shanghai and Vietnam, supplying the world with the best medical and healthcare materials.

 

We take pride in our ability to protect the health of the nation and fulfill our corporate social responsibility. To safeguard the health of every medical worker fighting the war against COVID-19, we have made donations through our non-profit foundations:

 

Protection for Employees: Safeguarding Employee Health with Advanced Deployment

FENC's products are sold worldwide. Our business locations are also distributed globally with a workforce of around 24,000 in Taiwan, China, Vietnam, Japan, Malaysia and the U.S. The COVID-19 pandemic poses not only substantial impacts on corporate operation, but also direct detriment to employee health. To fight against the virus, we activated advanced deployment at the earliest signs of the outbreak and monitor the spread to adjust anti-virus measures accordingly, ensuring corporate sustainability and employee health.

● Measures Against COVID-19

Beginning on January 26^th, 2020：Comprehensive survey at all business sites in China to assess employee health and degree of infection.

Beginning on January 30^th, 2020 :

Beginning in February 2020 :