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Formosa Plastics Group considering investments in Singapore

March 02/2011

(Plastemart) -- Formosa Plastics Group is studying the feasibility of investing in Singapore, possibly a refinery and petrochem complex, at an estimated investment of USD 10.7 bln. FPG controls more than 100 companies making products ranging from semiconductors to detergents, and operates in China, USA, Indonesia, Vietnam and Taiwan. Formosa Plastics has been considering construction of its plants overseas because of limited land in Mailiao, western Taiwan, where the groups refinery and ethylene plants are based.

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