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Formosa Chemicals to triple Chinese PTA output
25
Jun '10
President of Formosa Chemicals & Fibre Co, FY Hong announced that, the company plans to raise production capacity of purified terephthalic acid (PTA) located in China from current 600,000 tons a year to the level of 2.1 million tons per year in the next three years.

Formosa Chemicals & Fibre Co currently produces 2.2 million tons of PTA in Taiwan. PTA is a raw material for polyester chips and polyester chips are used in production of textiles and plastic bottles.

Earlier this year, Far Eastern New Century, Taiwan's largest polyester production company, also said, the company seeks to expand PTA capacity in China and Taiwan.

Formosa Chemicals & Fibre Co is a manufacturer of aromatic, synthetic fiber and nylon and is a part of Formosa Plastics Group.

Fibre2fashion News Desk

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