MUMBAI, INDIA (May 3, 4 p.m. ET) — Formosa Plastics Corp. is shifting a paste PVC plant from Mailiao, Taiwan, to eastern China in the next couple of years.
Paste PVC has application in medical gloves, imitation leather, wallpaper, floor covering and toys.
“The paste PVC production is going to be shifted to Formosa Plastic's Eastern China plant in Ningbo. The China plant would commence paste PVC production by 2014,” said Xavier Chu, advanced administrator for Formosa Plastics, at the Vinyl India conference in Mumbai.
The Ningbo plant will start with production capacity of 100,000 metric tones annually. Formosa is based in Taipei, Taiwan.
Currently, the Ningbo plant manufactures only suspension PVC and in the next couple of years the range would be further extended to paste PVC,” Chu said.