Taiwan’s Formosa Plastics mulls investing $3.6 billion to expand production
The Taiwan-based producer is considering spending $2.92 billion to increase the production of its plant in Texas in the US by 800,000 tons/year each for PVC and VCM, and by 560,000 tons/year for caustic soda.
In Taiwan, the company expects to spend around $12.28 million to help its subsidiary Taiwan VCM Corp expand PVC output by 100,000 tons/year. It also expects to spend around $320 million to build storage tanks and a warehouse in Kaohsiung and $7 million to increase output by 20,000/ tons/year at its SAP plant in Chiayi.
Over in China, it plans to invest $40 million to increase EVA output by 28,000 tons/year at its plant in Ningbo and is also studying the feasibility of investing $360 million to boost PVC and VCM production at the plant by 150,000 tons/year and 600,000 tons/year respectively.
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