Formosa invests in Chinese rubber industry

Formosa PlasticsTaiwan-based Formosa Plastics will invest US$300 million to set up a synthetic rubber plant in Ningbo, Zhejiang province. Construction of the plant will begin this year with production to start in two years.
Initially the plant will produce 50,000 tonnes/year of isobutylene-isoprene rubber. The group will
invest in the rubber industry in both Taiwan and China through its subsidiary Formosa Synthetic
Rubber. In addition to the Ningbo plant, the group has three other proposals related to the production
of tyres in China, bringing its overall investments to US$500 million.

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