By Malini Hariharan Spot monoethylene glycol (MEG) markets have quickly reacted to news that Nan Ya Plastics, an affiliate of the Formosa Plastics Group, has been ordered by the Taiwanese government to shut down two plants. Prices surged by $15-30/tonne to $1,140-1,160/tonne CFR China, reports the blog’s colleague Becky Zhang on ICIS news. Nan Ya […]
Asian Chemical Connections
Safety issues haunt Formosa
By Malini Hariharan Formosa Plastics Group’s (FPG) problems appear to be escalating with the Taiwanese government ordering six plants to be shut from 1 June on safety concerns. Local news reports state that the plants will have to remain closed until the Yunlin county government and the Council of Labour Affairs are convinced that safety […]
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