Key Improvements Required
The first step for Formosa is to formalize a policy with Canopy which guides it’s sourcing for raw materials. Once this important step is taken and the policy made public, Formosa should share its list of suppliers with Canopy, and sign a contract with third party auditors to verify its viscose supply chain for risk of sourcing from Ancient and Endangered Forests.
Areas where the company is showing leadership
Formosa has demonstrated leadership by approaching Canopy to engage in dialogue about how to become part of the initiative. It must now take steps to become a full participant in CanopyStyle.
Number of viscose, lyocell and dissolving pulp mills + location and production volumes
Formosa Chemical Fiber Company has 2 plants, location unknown, 70,000 tonnes capacity. The make man-made cellulosic fiber (MMCF) and nonwovens, mainly standard viscose fibers and rayon.
Formosa uses a diversity of tree species such as eucalyptus, spruce, pine, Hemlock, maple, birch and others.