(ICIS) -- Formosa Plastics Group (FPG), the biggest
plastics group in Taiwan, will complete the construction of 50,000 tonnes/year
isobutylene isoprene rubber (IIR) plant at Ningbo of Zhejiang province at the
end of the second quarter of 2013, a company source said on
Friday.
|
 |
The company, with investment of yuan (CNY) 18bn (USD2.84bn), started the
construction of the plant in September 2011, according to the
source.
“Domestic IIR producers will facing a challenging market
because IIR output is expected to exceed downstream demand in the future,”
a market player said.
|
mrcplast.com | |
