Taiwan's Formosa Plastics Group plans TWD 782.8 bln investments in 5 yrs

Formosa Plastics group plans to invest 782.8 bln twd in the next five years; between 2007 and 2011. This will comprise an investment of 706.8 bln for domestic investments and 76.0 bln overseas. The domestic investments include over 10 bln twd for capacity expansion of 12-inch silicon lines, 137.3 bln for steel mills, an undetermined amount for expansion in petrochemicals, and 100 bln for a polysilicon joint venture. The group also plans to invest 76.0 bln twd in mainland China, the US, the Philippines and Vietnam.
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