London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Formosa not in talks with Sinopec regarding investment in China

March 26/2010

March 26 (plastemart) -- Taiwan's Formosa Plastics Group is not in talks with China Petroleum Corp (Sinopec Group) on any joint investments in China.


Earlier in the week, Formosa was reported to be planning to collaborate with Sinopec Zhenhai Refining & Chemical Co. in a 50:50 investment. Formosa group is interested in investing in naphtha cracking operations in China to supplement its downstream petrochemical plants there, but prefers majority control. Taiwan's government also currently prohibits Taiwanese companies from investing in naphtha cracking operations in China. Since the Chinese market is the growing market, the group will have to shift, but will wait for an opportunity to further expand investment in China.

 

mrcplast.com

Formosa not in talks with Sinopec regarding investment in China

MRC Reference

Formosa. The share in the Russian market in 2008:

 PVC-S - 3.0%;

PP - 0.4%.

 

Annual growth sales in Russia :
 PVC - 79 % (over the last year) ;

PP - 272 % (over the last 3 years).

 

 Supply by processing technologies:
profile extrusion

 film extrusion


Tags:No
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe