Formosa's capital expenditure for 2009 to decline as it waits for a new project approval

26-Aug-08
Formosa Petrochemical Corporation of Taiwan, the top ethylene producer in Asia with a total production capacity of 2.93 mln tpa has announced to slash its capital expenditure from TWD 14 bln for 2008 to TWD 4 bln in 2009. The reason for Formosa's cut in CAPEX is attributed to the awaited approval of a new petrochem complex in Central Taiwan whose initial outlay is in the range of TWD 100 bln and has been long waiting for government's green signal for a year now.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

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