Formosa Group plans petchem complex

Three Formosa Plastics Group companies have announced plans to spend $110.3 billion (Twn.), or $3.6 billion (US), to build 15 petrochemical production units at FPG's petrochemical complex in Yunlin County, Taiwan.Taiwan's Council for Economic Planning and Development (CEPD) approved the plan, which calls for Formosa Plastics Corp., Nan Ya Plastics Corp., and Formosa Chemical & Fibre Corp. to raise $41.1 billion (Twn.) through internal financing, while an additional $69.2 billion (Twn.) in loans will be made available by local banks.The CEPD decided to include this major expansion of FPG's Yunlin petrochemical complex among private investment projects in Taiwan's 6-Year Eco...

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