London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Formosa Plastics second half revenue to fall by about 20-30 %

June 22/2011

(Focus Taiwan) -- The Taiwan-based Formosa Plastics Group (FPG), a global plastics and petrochemicals leader, forecast Monday that its second half revenue would fall by about 20-30 percent from the first half, amid uncertainties over the global economy, China's tighter monetary policy, and the temporary closure of six of the group's plants.

FPG Chairman William Wong estimated at the shareholders meeting of the group's flagship unit Formosa Plastics Corp. that group revenue would fall by between NT$150 billion (USD 5.18 billion) to NT$230 billion in the second half of the year,

Formosa Plastics Chairman Lee said that because China has been one of the world's major chemical and plastic markets, demand will not rebound unless China relaxes its monetary policy.

Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe