FROM RECYCLING MATERIALS: Seven teams are to wear Adidas jerseys made by Taiwan’s Far Eastern, including the team who some say have the most beautiful kitStaff writer, with CNA
Shinkong Synthetic Fibers Corp’s (新光合成纖維) electronic-grade chemical agent manufacturing venture with Solvay Group, Shinsol Advanced Chemical Corp (新碩先進), held a groundbreaking ceremony yesterday for its first fab in Tainan, where Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) operates one of its most advanced chip manufacturing fabs.
It is the latest in a string of efforts by Shinkong Synthetic to expand into the nation’s rapidly growing semiconductor industry.
Shinkong Synthetic Fibers, Shin Kong Group (新光集團)’s polyethylene terephthalate polymer material manufacturing arm, has been expanding its business scope to optical films, brightening films and other films used in LCD manufacturing.
Shinsol Advanced Chemical, a half-half
Polyester fiber and plastics maker Shinkong Synthetic Fibers Corp (新光合成纖維) yesterday gave an upbeat outlook for the current quarter, expecting prices to remain high as a rally in crude oil prices is helping to prop up raw material costs.
In addition, China’s power crisis and energy consumption controls have halted factory production and curtailed supply, Shinkong Synthetic president Samson Luo (羅時銓) told reporters on the sidelines of a product launch in Taipei.
“We have seen a surge in prices of ethylene glycol and purified terephthalic acid, two important raw materials used to produce polyester fibers. That has prompted price increases for polyester