2003/1/9 Financial Times
Tuntex to set up a PTA plant in mainland China
Tuntex said the proposed PTA plant would have an annual output of 900,000 metric tons. PTA and ethylene glycol (EG) are used in making polymer products. The company said it will raise NT$5 billion (US$144.5 million at US$1:NT$34.6) and NT$10 billion (US$289 million) to finance the new plant
China American Petrochemical chairman Chen Chao-wei said his company does not need to set up a PTA plant in the mainland since its major shareholder, British Petrochemical, already has a PTA factory there
Taiwan's Tuntex to expand 400 kt/yr PTA at Taoyuan
Tuntex Petrochemicals plans to expand its 440 000 tonne/year purified terephthalic acid (PTA) facility in Taoyuan, Taiwan, by 100 000 tonne/year, according to a company source.