Wang Yung-tsai
Taiwanese industrialist
From Wikipedia, the free encyclopedia
Wang Yung-tsai (Chinese: 王永在; pinyin: Wáng Yǒngzài; Pe̍h-ōe-jī: Ông Éng-chāi; 24 January 1921 – 27 November 2014) was the younger brother of Wang Yung-ching, founder of Formosa Plastics Group.[1]
Wang Yung-tsai | |
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王永在 | |
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| Born | 24 January 1921 |
| Died | 27 November 2014 (aged 93) |
| Relatives | Wang Yung-ching (brother) |
Life and career
He was born in Chyokutan, Shinden Town, Bunsan District, Taihoku Prefecture, Japanese Taiwan (modern-day Xindian District, New Taipei).[2]
Wang began his business career by founding a lumber company in 1948, which he closed ten years later to help run Formosa Plastics.[2]
In 1993, Wang was named director of Formosa Plastics' naphtha cracker, the sixth processing plant of its kind in Taiwan.[1] In 2002, Wang Yung-ching went into retirement, leaving Wang Yung-tsai in control of Formosa Plastics.[3] Both officially retired as chairmen in 2006, handing the conglomerate over to their children.[4]
In 2010, Wang Yung-tsai was named #10 wealthiest person in Taiwan by Forbes.[5] By 2014, Wang had dropped two spots to #12.[6]
