Taiwan CPDC to expand acetic, cyanic acids output in '00

25 May 2000 05:43  [Source: ICIS news]

TAIPEI (CNI)--China Petrochemical Development Corp (CPDC) will invest some NT$700.0m ($21.9m/Euro24.0m) this year to double the capacity of its 90 000 tonne/year acetic acid plant, and raise output at its cyanic acid facility, both in Ta-sheh, Kaohsiung, to meet growing demand for these chemicals, CNI learned Thursday.

CPDC chairman Fung Hen said the acetic and cyanic acids expansions are expected to be completed in 2001, after which further investments will be made to expand the company's diversification into the electronics, telecommunications and biotechnology industries.

Fung recently took the helm at the company from YS Kuan, who resigned on personal grounds.

Fung said that CPDC, in its move into biotechnology, will focus on genetic engineering and the development of anti-cancer drugs.

In telecommunications and electronics, it will tap parent Core Pacific Group's expertise in Internet technology development, and make investments in high-performance addressing liquid crystal display (better known as HPA-LCD).

CPDC, he added, intends to internationalise its operations over the medium term to become a global company.

By: Elaine Chiu
+65 6780 4359

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