By FANNY LIU
TAIPEI -- Formosa Chemicals & Fibre Corp. said Monday
that it has shut a 300,000 tpy styrene monomer production plant
in central Taiwan following a fire that broke out Sunday
The facility, part of the company's flagship Mailiao petrochemical complex in Yunlin
county, produces intermediate petrochemicals for other units under
the Formosa Group and for other small local customers, Formosa
Chemicals president Hong Fu-yuan told Dow Jones Newswires.
Mr. Hong said the shutdown, in order to conduct safety
checks, may hit Formosa Chemicals' revenue in August, although
he said the impact likely wouldn't be "too much."
He said the fire was extinguished within around half an hour
after it started and he doesn't know when operations at the
facility will be restarted.
The Mailiao complex has a total of three styrene monomer
plants with a combined annual capacity of 1.2 million tons.
Dow Jones Newswires