Formosa Petrochemical agrees to form JV with Kraton Performance Ploymers

Formosa Petrochemical Corp. has agreed to form a joint venture with Kraton Performance Ploymers Inc.ow Jones. Formosa Petrochemical plans to invest 450 mln New Taiwan Dollars (US$15.2 Million) for a 50% stake in the joint venture. The nature of the joint venture business has not been disclosed.
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