CPC Reinforces Petrochemicals

CPC Corp. (Taipei) has embarked on a program to reinforce its position as a leading producer of olefins and aromatics in Taiwan. The company plans to upgrade one of its production sites via a major scrap-and-build project, and expand and diversify its operations further by partnering with six other Taiwanese companies in a grassroots joint venture complex. The jv, dubbed Kuokuang Petrochemical Technology Co. (Taipei), is planning to build a fully integrated petchems complex (CW, June 27, p. 16). State-owned CPC reported a NT$18.8-billion ($568.8 million) loss in...

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