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A glimpse at Calhoun County's top 10 taxpayers


Dec. 1, 2012 at 6:01 a.m.

Editor's note: This is the second in an ongoing series looking at the Crossroads region's top taxpayers.

It got its start in 1980, when construction first began at the Point Comfort site, and grew through the years, adding acreage and employees.

It's Formosa Plastics Corp. Texas. And today, with its more than $1 billion in taxable value, it tops the list as Calhoun County's top taxpayer.

Not only that, but it makes that list a whopping three times.

The plastic resins producer employs about 1,700 full-time employees and about 550 full-time contract employees at its Point Comfort site, Bill Harvey, a company spokesman, said in an email. Annual payroll comes in at more than $130 million.

The company's work spans beyond what happens inside the plant, however.

Formosa has established five trust funds - the Environmental Trust, Religious Trust, CCISD Scholarship Trust, Memorial Medical Center Trust and Edna School Trust - with a total endowment of $4 million, Harvey said in his email, and the company also developed more than 200 acres of farmland into a wetland preserve and classroom for hands-on learning.

Other community events include annual fundraisers for the American Cancer Society and Habitat for Humanity, as well as the Formosa Charity Golf Tournament which, in October, brought in more than $79,000 for United Way of Calhoun and Victoria Counties.

And Formosa continues to grow.

The plant announced an upcoming $2 billion expansion estimated to employ another 250 full-time workers.

Here is a look at Calhoun County's top-10 list.

1: Formosa Plastics Corp. Texas*


102 Pease St., Point Comfort

Producer of plastic resins, or raw materials for products such as trash bags, automotive parts, food containers, cosmetics and more

*Formosa Plastics Corp. Texas is an independent corporation wholly owned by Formosa Plastics USA.

2: Union Carbide Corp.


State Highway 185 N., Seadrift

Manufacturer of products including plastics for wires, toys and containers, glycols for antifreeze, bottles and polyester fabric, oxide derivatives for health and beauty products, window cleaners, paints and more

3: Seadrift Coke LLC


8618 Highway 185 N., Port Lavaca

Manufacturer of needle coke, a product used in steel production

4: Ineos USA LLC


13050 State Highway 185 North, Port Lavaca

Producer of acrylonitrile, acetonitrile, Hydrogen Cyanide and Acetone cyanohydrin, chemicals with a wide range of uses, such as creating clothing, carpeting, pesticides, water treatment chemicals and more

5: Alcoa World Alumina LLC


State Highway 35, Point Comfort

Refinery which creates alumina, used in aluminum and other alumina-based chemicals

6: Formosa Plastics Corp. America*


102 Pease St., Point Comfort

Producer of plastic resins, or raw materials for products such as trash bags, automotive parts, food containers and cosmetics. The company also creates petrochemical liquid products.

*Formosa Plastics Corp. America is an independent corporation wholly owned by Formosa Plastics USA.

7: Orion Marine Construction Inc.


159 State Highway 316, Port Lavaca

Dredging services

8: Braskem America


State Highway 185 North, Seadrift

Manufacturer of Polypropylene, which is used to create plastics for cables, drip irrigation, containers and more

9: Formosa Utility Venture Ltd.*


201 Formosa Drive, Point Comfort

Power generation facility at Formosa's Point Comfort site

*Formosa Utility Venture Ltd. is a limited partnership which includes Formosa Plastics USA and Texas, as well as Nan Ya Plastics Corp. America, that owns the power generation facility at the Point Comfort site.

10: Nan Ya Plastics Corp. America


201 Formosa Drive, Point Comfort

Manufacturer of Ethylene Glycol, a chemical used in polyester resin and fiber, antifreeze and industrial applications

Sources: Jerry Daum, Calhoun County Appraisal District chief appraiser, Bill Harvey, spokesman for Formosa Plastics Corp. Texas, Alcoa website, Braskem website, Dow Seadrift Operations website, Nan Ya Plastics Corp. America website, Orion Marine Group website, Seadrift Coke website



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