NewsFlashTaiwan’s Formosa cuts ops at 2 crackers

22 September 2008 07:40  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan's largest petrochemical producer Formosa Petrochemical Corp (FPCC) has cut operating rates at two of its three crackers to 85-90% from late last week due to weak market conditions, a company source said on Monday.

 

The source said he was unclear how long the two crackers, which were previously running at 100%, would operate at the above reduced rates. The affected facilities, both located in Mailiao, are the 700,000 tonne/year No 1 cracker and the 1.03m tonne/year No 2 cracker.

 

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By: Peh Soo Hwee
+65 6780 4359

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