Formosa may face additional closures and output losses at Mailiao complex

31-May-11

Formosa Plastics Group may face additional closures and output losses at the Mailiao petrochemical complex as per Dow Jones. These concerns have been raised after a county government ordered several facilities there to be shuttered from June 1 on safety and pollution counts following two fires earlier in May. Formosa Plastics Corp., the flagship company of the group, plans to appeal the government's order, which didn't specify how long the suspension would last.