Signing Petrochemical JVA with TSRC & Fubon
Organization: CPC CORPORATION, TAIWAN Publish Date: 2011-12-09 AM 10:41
On Nov. 8, 2011 our company signed a joint venture agreement with TSRC Corporation, a leading manufacturer of synthetic rubber in Taiwan, and Fubon Financial Holding Venture Capital Corp. to establish Taiwan Advanced Materials Corporation for a new C5 separation plant with annual capacity of 150 KTA, a styrene-isoprene-styrene block copolymer (SIS) plant of 30 KTA, and a tackifier plant of 20 KTA.
The representatives in the signing ceremony were, respectively, President Lin for CPC, President & CEO Wei-Hua Hsu for TSRC, and President Lee for Fubon Venture Capital.
This latest joint venture initiative, signifying CPC's first step into the production of higher valued petrochemical products, not only follows our government's petrochemical value-chain policy, but also will further integrate Taiwan's petrochemical industry to create better value and enhance competitiveness of up-to-downstream participants.