Formosa Plastics Group, Taiwan’s largest industrial conglomerate, is evaluating proposals to build a huge steel and car assembly complex in the island’s mid-west county of Changhwa, a local newspaper said on Monday, according to Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The news agency said the Chinese-language Commercial Times newspaper quoted group chairman Wang Yung-ching as saying in an interview the planned complex would include upstream to downstream steel processing systems, plus car engine and assembly plants – it did not give the value for the investment.
The group is also considering investing $US1.3-1.4 billion in building two coal-powered generator plants located in northern and central Taiwan, the paper said, according to Reuters, which noted that Formosa Group includes Formosa Plastics Corp, Nan Ya Plastics, Formosa Chemical & Fibre Corp and Formosa Petrochemical Corp, Taiwan’s only private oil refiner.
