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Formosa Plastics mulls investment of USD2 bln in Texas plant

May 17/2012
(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.
Author:Anna Larionova
Tags:PE, propylene, ethylene, Formosa.
Category:General News
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