Textile giant, Formosa Taffeta Co, Ltd, has announced it has entered into a joint venture with the Swiss company Schoeller Textile AG, to produce and market functional fabric in Asia. The joint venture will combine Formosa Taffeta's production units and marketing channels in Asia with Schoeller's technological innovation and internationally renowned brand to sell sportswear and leisurewear under Schoeller's brand in the Asian market.