Formosa to keep No. 3 ethylene plant shuttered

Persistent weak demand amid a global financial meltdown has taken its toll on petrochem demand in Asia. Formosa Petrochemical Corp., plans to keep its No. 3 ethylene plant, closed on Sept. 3 for scheduled maintenance, shut this month. The shutters will be down despite completion of repair. Formosa posted the biggest profit decline in more than two years in Q3 as deteriorating prices hacked inventory values and slowed sales growth.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha