Taiwan's government has accepted a plan by the Formosa Plastics group for safety checks at its fire-hit Mailiao complex that will see operations suspended in stages until the end of August 2012, as per Reuters. The government had ordered some facilities at the complex closed after a series of fires between July 2010 and August 2011 that also triggered public protests over safety standards. Formosa was ordered to come up with a plan to conduct safety checks on the entire complex in stages. The agreed plan should be complete by the end of August 2012. Formosa has been ordered to check all pipelines, machines and electrical equipment and replace ageing and worn pipes at the petrochemical complex. The Formosa Plastics Group has estimated the cost of the facility's overhaul at NT$12 billion (US$402 mln).
01-Nov-11 
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