Related Keywords: Formosa Chemicals, plans to shut down Taiwan plant
Formosa Chemicals & Fiber Corp , a unit of Formosa Plastic Group, is planning to shut down its plant in Taiwan from first week of October government declined to renew permits for its cogeneration equipment.
Formosa Chemicals has applied for the renewal of license for the power plant equipment, however the Changhua county government insisted the company apply for a new permit as the amount of coal and steam used during the manufacturing process has changed over the intervening decades, said vice chairman Hong Fu-yuan.
