Formosa Plastics Group to invest US$15 billion in U.S.

Focus Taiwan
Date: 2016/11/20
By: Wei Shu and Kuo Chung-han

Taipei, Nov. 20 (CNA) Formosa Plastics Group (台塑) has proposed investment projects totalling US$15 billion in the United States, its chairman said on Sunday.

Formosa Petrochemical Corp. has proposed investment projects worth US$10 billion in Louisiana State, while Formosa Plastics has proposed investment projects worth between US$4 and US$5 billion in Texas State, both of which are under evaluation by the U.S. authorities, said Wang Wen-yuan (王文淵).

Wang made the statement at a banquet with the group’s labor union officials.    [FULL  STORY]