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Taiwans FPCC reports 2% fall in September revenue

October 07/2011

SINGAPORE (ICIS)--Taiwans Formosa Petrochemical Corp (FPCC) reported a 2% year-on-year drop in September revenue to New Taiwan dollar (NT$) 47.7bn ($1.56bn), with its petrochemical operations recording a decline of more than 16% in turnover.

FPCCs petrochemical business generated NT$11.5bn in revenue in September, down year on year from NT$13.8bn, according to data on the companys website.
For the first nine months of 2011, FPCCs total turnover at NT$595.7bn was still about 5% higher compared with the same period last year, data showed.

Compared with the first nine months of 2010, petrochemical revenue for January-September 2011, however, slipped by about 2% to NT$177.6bn, which accounts for about 30% of FPCCs total turnover for the period, based on the data.
FPCC had production disruptions at its petrochemical complex in Mailiao, Taiwan, because of fire incidents.


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