Taipei, May 11 (CNA) Formosa Plastics Corp., the flagship entity of the Taiwanese conglomerate Formosa Plastics Group, said Wednesday that it will build a new production site in Texas at a cost of US$207 million (NT$6.1 billion).
By Chen Cheng-hui / Staff reporter, with CNAFormosa Plastics Corp （台灣塑膠）, the flagship entity of Formosa Plastics Group （台塑集團）, yesterday said that it would build a new manufacturing site in Texas at a cost of US$207 million.
Formosa Plastics Corp (台灣塑膠), the flagship entity of Formosa Plastics Group (台塑集團), yesterday said that it would build a new manufacturing site in Texas at a cost of US$207 million.
When completed, the plant would have an annual capacity of 100,000 tonnes of alpha olefins, which are used to make high-density polyethylene (HDPE), among other products, the company said.
About 63,000 tonnes would be used by Formosa Plastics, while the remaining 37,000 tonnes would be sold on the international market, it said.
The projected completion date of the plant is October 2025, and mass production is scheduled for December that year after a