(Plastemart) -- Formosa
Chemicals & Fibre Corp. plans to invest US$191 mln in a purified
terephthalic acid (PTA) plant in Ningbo, Zhejiang province. The scope of the
investment is still unclear. Formosa plans to set up a new plant in Ningbo to
produce phenol and acetone, with an initial investment of US$50.4 mln.
mrcplast.com
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