Formosa posts 8.3% rise in petrochemicals revenue

07 June 2007 08:23  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Formosa Petrochemical Corp (FPCC) posted an 8.3% rise in its revenue for petrochemicals for May on Thursday, compared with the same period a year ago.

Revenue for the petrochemicals sector, which include olefins and pygas, rose to New Taiwan dollars (NT$) 14.2bn ($428.7m), from NT$13.1bn in May 2006, the refiner said in a statement on its website.

 

For the first five months of the year, its petrochemicals revenue rose 12.9% to NT$63.7bn, compared with the same period a year ago.

 

FPCC’s revenue is expected to rise further in the second half of 2007 as the company started up its No 3 cracker, also Asia’s largest, in late May.

 

($1 = NT$33.12)

 

By: Florence Tan
+65 6780 4359

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