Taiwan’s Formosa Plastics Group plans to invest NT650 bln in three major petrochemical and steel projects at home as well as overseas in 2010. These include:
The fifth-phase expansion of it`s naphthha cracking complex at Maoliao Offshore Industrial Zone in Yunlin County at an investment of NT$280 bln
A major steel refinery in Vietnam at NT$280 bln A stainless steel plant in Xiamen, China, at NT$90 bln
Uncertainty shrouds the groundbreaking of the fifth-phase expansion of the Mailiao naphtha cracking complex, since its environmental impact statement is still undergoing the review by Environmental Protection Administration, under the Executive Yuan.
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Monday, February 08, 2010
Formosa to invest NT$650 bln in 2010 in 3 major petrochemical and steel projects
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