Formosa Plastics Corp. mulls investment of US$2 bln in Texas plant

14-May-12
Formosa Plastics Corp. plans to inject NT$60 billion (US$2 billion) into its Texas plant in the U.S. to boost production capacity and output, according to an interview with the company's chairman, Lee Chih-tsuen, published by the Commercial Times. The expanded capacity of the plant in Point Comfort is expected to increase the plant's annual production of propylene and ethylene to 2.46 mln and 1.34 mln metric tons respectively. The company has not revealed a timeline of the investment. Formosa Plastics also has operations in Delaware City and Baton Rouge, Louisiana, in the U.S.
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