Far Eastern Polychem Industries Limited ("Far  Eastern 
Polychem" or the "Company") is principally engaged 
in the production and distribution of polyester  products 
in the PRC. Currently, the Company's polyester products 
include bottle-grade PET chips, polyester filaments and 
finished fabrics, which can be further processed into a 
wide range of end products.

The Company is the PRC flagship company of the Far Eastern 
Group, one of the largest business conglomerates in Taiwan. 
The Company was founded in 1995, and it established Far 
Eastern Industries (Shanghai) Limited ("FEIS") as a wholly 
foreign-owned enterprise in the PRC in 1996.  Construction of 
its production facility in Pudong, Shanghai, was completed in 
1998. 
Despite the short history of  its operations , which commenced
in September 1998, Far Eastern Polychem is now the largest 
bottle-grade PET  chip producer and a major polyester  filament
producer in  the PRC.  
As proof  of its high standards, the Company is the larger of the
one of the major producers in  the PRC that have received  authorization
from Coca-Cola China Limited to supply its bottlers with bottle-grade
PET chips for use in the production of Coca-Cola bottles.