FETC International Co. - one of over 200 affiliated companies of Far Eastern Group (FEG), which is ranked among the top 3 conglomerates in Taiwan with business ranging in 10 various industries. There are nine publicly listed companies in the Group which at the end of 2018 had total assets exceeding NT$2.62 trillion (US$85 billion), annual revenues surpassing NT$719 billion (US$23.4 billion) and over 510,000 shareholders.
COMPANY
PROFILE
FEG has always taken “trustworthiness” as the
guiding principle of its business management and
enshrined “Sincerity, Diligence, Thrift, Prudence,
and Innovation” as its founding motto.
FEG successfully develops and manages a variety of
businesses in telecommunication, internet, and innovative
technology segments.
Communications and Internet
The Communications and Internet business is an example of the Far Eastern Group’s successful transformation. With the deployment of new technology and services, a wider spectrum of services is expected to satisfy the needs of users in the massive telecom market. The Group’s subsidiaries in the communications and Internet business include Far EasTone, NCIC Sparq, Digital United Inc., Arcoa Communication Co. Ltd., and Qware.
Financial Service
Taking advantage of deregulation and increased international exposure in the financial sector, the Far Eastern Group has entered financial services such as banking, securities, bills finance, leasing, insurance, asset management and securities investment, to offer corporations and individuals a wide range of well-rounded financial services.
Retail and Department Store
The Group’s development of its retail and department store business is directed towards an objective of achieving comprehensive integration of department stores, hypermarkets and high-end shopping centers to offer customers a high level of convenience and choice.
Construction
The construction business is an extension of the Group’s cement and building materials operations. The business is dedicated to creating superior living space through professional construction technology combined with refined architectural aesthetics.
Polyester and Synthetic Fiber
The textile business was the very first foundation-laying operation of Far Eastern Group. Beginning with spinning and weaving and later expanding to the upstream polyester synthetic fiber line, it is Taiwan’s first textile and polyester manufacturer to complete vertical integration.
Hotel
The Far Eastern Group is committed to improving the service standard of five-star hotels in Taiwan. It is investing in hardware – in terms of the scale of facilities, and software – in terms of service quality to cater to an increasingly diversified clientele.
Petrochemical and Energy
Petrochemical & Energy is the Group’s upstream business aimed at strengthening the development of the chemical fiber business line. The business, initially aimed to ensure a stable inflow of raw materials, now focuses on developing specialty chemical products to accelerate the Group’s growth and enhance its competitive edge through product differentiation strategies.
Cement and Building Material
Cement and building materials business is a fundamental industry for construction and an indicator of industry prosperity. It is the Group’s continual task to ensure environmentally-friendly development and enhance added value.
Sea/Land transportation
The Far Eastern Group started to invest in the transportation business due to demand from its vast customer base. Over the years, it has built a sizeable transportation capacity capable of offering seamless marine and land transportation.
Philanthropic Organizations
As a good corporate citizen, the Group has actively engaged in non-profit social responsibilities activities to lend a helping hand to those in need in society. Giving back to society to fulfill our corporate social responsibility. The Far Eastern Group is committed to growing its philanthropic missions in addition to its for-profit organizations in an effort to help improve those parts of society that lack resources.
ETC, SMART HIGHWAY AND
SMART CITY EXPERT
FETC International is the world’s leading Intelligent Tolling Service Enabler. It is a wholly-owned subsidiary to its parent company, Far Eastern Electronic TollCollection Company (FETC) in Taiwan, a global awarded ETC, Smart Highway and Smart City expert with more than two decades of experience in planning, implementation, and operation.
Taiwan Freeway ETC System Project
1st country in the world to implement ETC on the entire freeway networks.
1st country in the world to transform the nation wide freeway tolling system to distance-based tolling system.
Longest ETC system in the world, spanning 1062 kms.
Taiwan ETC, Winner of 2017 WITSA Private Section Excellence Award
Taiwan ETC, Winner of 2016 IRF Global Road Achievement Award
2015 IBTTA Toll Excellence Awards in Customer Service & Marketing Outreach and President’s Award
Taiwan ETC, Winner of 2015 ITS World Congress Hall of Fame-Industry Award
Taiwan ETC, winner of 2015 eASIA Awards in private sector
30
minutes
Traveling time saved from
northern to southern Taiwan.
80M
USD
Cost saved from reduced energy
and carbon per year.
122
Taipei 101
Accumulated height of saved
Toll tickets per year.
SUCCESS EXPERIENCE
Since its establishment in 2004, FETC was officially commissioned by the Taiwan government to build and operate the ETC system and associated service operation for a nationwide freeway network. Shareholders of FETC include Far EasTone Telecommunication Co., Ltd. (FET), TECO Electric & Machinery Co., Ltd. (TECO), Systex Corporation, and MiTAC Inc..
In early 2006, FETC successfully launched Single Lane Free Flow (SLFF) ETC operation in 23 toll plazas. Later when RFID-based ETC technology was made available to the general public in 2012, the rapid increase in utilization rate allowed Freeway Bureau, MOTC and FETC to migrate to distance-based and multi-lane free-flow (MLFF) ETC on December 30th, 2013. Currently, more than 7 million car users traverse the 335 MLFF gantries generating more than 6 billion accumulated transactions. The Taiwan ETC system not only enables the implementation of Smart Transportation services but also allow Taiwan to enter a new age of digitalization and accelerate the realization of AIoT.
Evolution of Taiwan ETC
Two-Stage Implementation
1974/7/29
Manual
Manual toll plaza
450-950 veh./hour per lane
2006/2/10
Station-based ETC
Single-lane free flow
1750 veh./hour per ETC lane
- Co-existence of Manual and ETC
- Flat-rate payment
2013/12/30
Distance-based ETC
Multi-lane free flow
2200 veh./hour per lane
- Fair payment by Distance-based
- Road pricing
- Electronic Toll and Transportation Management(ETTM)
GOING WORLDWIDE
FETC International inherits FETC’s RFID Tolling expertise and associated technology and services know-how. It is committed to work with its customers as RFID Tolling advisor, solution and service provider.