Formosa Plastics Group studying feasibility of investments in Singapore

02-Mar-11

Formosa Plastics Group is studying the feasibility of investing in Singapore, possibly a refinery and petrochem complex, at an estimated investment of NT$250 bln (US$10.7 bln). FPG controls more than 100 companies making products ranging from semiconductors to detergents, and operates in China, USA, Indonesia, Vietnam and Taiwan. Formosa Plastics has been considering construction of its plants overseas because of limited land in Mailiao, western Taiwan, where the group’s refinery and ethylene plants are based.