01 October 1999 04:08 [Source: ICIS news]
TAIPEI (CNI)--Output of Taiwan's electronic chemicals industry will likely reach NT$50.0bn ($1.6bn/Euro1.5bn) next year, and is projected to grow by 20-30%/year over the next five years, CNI learned Friday.
Data released by Taipei's Ministry of Economic Affairs (MoEA) showed that electronic chemicals are the fastest growing chemical sector in the country. "Domestic demand for such chemicals has increased by 150% over the past four years," MoEA added.
It attributed the demand growth to the escalation in electronics output in Taiwan and neighbouring countries, particularly Japan. Taiwan is one of Asia's major electronics production centres.
Several Taiwanese petrochemical majors have ventured into the production of electronic chemicals, and many others have firm plans to develop lines.
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