Taiwan's FPCC November revenues fall 8% year on year

06 December 2010 03:37  [Source: ICIS news]

SINGAPORE (ICIS)--Formosa Petrochemical Corp (FPCC) reported on Monday an 8% year-on-year fall in its November sales to New Taiwan dollar (NT$) 56.8bn ($1.87bn), but the figure was 11.3% higher than the previous month's sales.

For the first 11 months of the years, sales were up 19.5% year on year to NT$676.5bn, based on data posted on the company's website.

The company's November revenues posted a month-on-month growth despite delays in the restart of its 1.03m tonne/year No 2 cracker in Mailiao. The cracker, which was shut on 5 October for maintenance, was restarted on 25 November.

On a year-on-year basis, sales had declined for three consecutive months from July, when FPCC's Mailiao petrochemical complex had been hit by two fire incidents that shut its 700,000 tonne/year No 1 cracker for more than three months.

In October, sales improved 6% year on year but fell again in November, based on company data.

($1 = NT$30.30)

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By: Pearl Bantillo
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