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Formosa Plastics mulls investment of USD2 bln in Texas plant |
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(plastemart) --
Formosa Plastics Corp. plans to inject USD2 billion into its Texas
plant in the U.S. to boost production capacity and output, according to an
interview with the company's chairman, Lee Chih-tsuen, published by the
Commercial Times.
The expanded capacity of the plant in Point Comfort is
expected to increase the plant's annual production of propylene and ethylene to
2.46 mln and 1.34 mln metric tons respectively.
The company has not
revealed a timeline of the investment. Formosa Plastics also has operations in
Delaware City and Baton Rouge, Louisiana, in the U.S. |
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mrcplast.com | |
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