S&P upgrades Nan Ya Plastics to BBB+ for Nan Ya Plastics stock

Published on 10/21/2026 at 09:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached TWD 83.63 billion and diluted EPS TWD 3.37. Nan Ya Plastics stock holds a 40.00 percent power JV stake.

Credit quality and operating dates

Nan Ya Plastics received a BBB+ issuer rating on October 19, 2026.
September revenue reached TWD 34.42 billion, an increase of 55.30 percent year over year.
Nan Ya Plastics is scheduled to report its next earnings on November 5, 2026.

Nan Ya, TW0001303006, Illustration mit AI erstellt.

Nan Ya Plastics (ISIN TW0001303006) received a BBB+ issuer credit rating on October 19, 2026, up from BBB, as S&P Global Ratings cited lower leverage and stronger liquidity. The rating action adds credit context as Nan Ya expands electronic materials for artificial intelligence and high-performance computing.

Three company milestones since October 7

On October 7, 2026, Nan Ya announced a 40.00 percent stake in a new power joint venture with LS Electric through its corporate website, linking the company to equipment demand from energy transformation and data-center investment.

On October 12, 2026, Nan Ya reported September revenue of TWD 34.42 billion, up 55.30 percent from the same month a year earlier and 12.50 percent from August, according to Cnyes. On October 19, 2026, S&P Global Ratings upgraded the issuer rating to BBB+ from BBB and kept the outlook stable.

What is driving Nan Ya revenue?

The September increase was concentrated in electronic materials, whose revenue rose 90.10 percent year over year, while chemical products also benefited from higher ethylene glycol, bisphenol-A and plasticizer prices, according to Cnyes. The same release said electronic-materials capacity utilization was close to full, giving the business a more specific growth engine than broad chemical demand alone.

S&P Global Ratings expects the four-company Formosa group to generate TWD 190 billion to TWD 210 billion of EBITDA in 2026, versus TWD 65.5 billion in 2025. That is a group forecast rather than a Nan Ya standalone figure, but the agency specifically identified Nan Ya electronic materials as a growth contributor and warned that commodity-chemical oversupply remains a risk.

Next reporting date

Nan Ya's next earnings report is scheduled for November 5, 2026, according to Investing.com. Nan Ya's market capitalization was TWD 2.5 trillion on October 21, 2026.