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Taipei Times (Taiwan) 10/18/2019 12:35
Formosa Taffeta Co (FTC, 福懋興業), a textile affiliate of Formosa Plastics Group (FPG, 台塑集團), plans to invest up to 40 million Swiss francs (US$40.55 million) in Schoeller Textil AG next year to deepen its cooperation with the Swiss textile manufacturer and increase its market share of high-end products.
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Plastics News (UK) 10/15/2019 14:29
Formosa Plastics Corp. USA has agreed to pay $50 million to settle a Clean Water Act lawsuit over plastic pellet pollution from one of its Texas factories, reportedly the largest settlement brought by private citizens under that ...
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Splash 247 09/27/2019 00:38
Simultaneously to selling a slew of handysize tankers, Formosa Plastics has taken delivery of four similar sized tankers this year while two more will be delivered next year, leaving Formosa with 15 ships in the this segment.
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Platts 07/03/2019 18:10
Houston — Formosa Plastics aims to restart its 753,000 mt/year vinyl chloride monomer plant in Texas next week after wrapping up maintenance work, a source familiar with company operations said Wednesday.
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"A Texas federal judge has found a huge Formosa plastics complex northeast of Corpus Christi to be a 'serial offender' with a history of allowing plastic pellets to wash into wetlands and bays along the Gulf of Mexico, and said that the company has committed 'enormous' violations of state law and the U.S. Clean Water Act.".
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