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Formosa Plastics

1:27 PM MDT | July 31, 2007 | Natasha Alperowicz in Taipei

Formosa Plastics Group (Taipei) has set its sights firmly on growth in mainland China. Plans there include a possible refining and olefins investment at Ningbo, where the company is ramping up production at a plastics complex that started operating earlier this decade. Formosa is sharpening its focus on China following the recent completion of a major project in Taiwan that includes the company’s third naphtha cracker, says C.T. Lee, a group board member and chairman of the group’s parent, Formosa Plastics Corp. (FPC; Taipei). Lee: ‘China is...

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