Formosa Chemicals and Fibre Corporation (FCFC), one of the Taiwan-based polycarbonate makers and a producer of petrochemicals and textile fiber, is preparing to invest about US$181.8 million (NT$5.69 billion) to expand its production capacity of optical-grade polycarbonate (PC). The company's board has approved the plan for constructing a new 75,000 mta unit, with production scheduled for 2007. The new unit is expected to add annual revenues of NT$7.3 billion.
Chimei-Asahi Corporation and FCFC are the two players in Polycarbonate in Taiwan. FCFC supplies approximately 41% of the local market. FCFC has experienced fast growth in PC production, with its utilization rate increasing from 76% in 2003 to 99.3% in 2004. FCFC is planning to expand its capacity to meet the growing demand for optical-grade polycarbonate, considered a key material to manufacture optical discs. Currently, this demand cannot be fulfilled by domestic production. Revenues grew from NT$3.8 billion to NT$6.3 billion for the same time period.
02-Jul-05 
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