| Fortune 500 Enterprise Taiwan Formosa Plastics Group to Establish the Biggest pvc-u Pipe Material Enterprise in Central China |
| Thursday,March 22,2007 Posted: 06:44 BJT(2244 GMT) MOFCOM Zhengzhou Office |
Recently, Taiwan Formosa Plastics Group, one of the Fortune 500 enterprises, officially launched its pvc-u pipe material program in Zhengzhou, which was the first program of Formosa Plastics Group invested and launched in Henan. Currently, Taiwan Formosa Plastics Group has established 12 enterprises in the mainland, mainly on petrochemical and plastic industries. The enterprise invested in Zhengzhou was named Nan Ya Plastics Industrial (Zhengzhou) Corporation, which produces 30,000 tons of pvc-u pipe material annually and is the biggest pvc-u pipe material production enterprise in Central China. The phaseⅠinvestment from Nan Ya Plastics Industrial (Zhengzhou) Ltd. is USD20m and phase Ⅱ project is under preparation. Its products are mainly pe pipe materials used for transportation of natural gas and heating. |
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