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Formosa Plastics Group and Tokuyama form JV for high-purity IPA in Taiwan · Endata

◂ Announcements

Sep 25, 2020PARTNERSHIPKaohsiung, TWN

Formosa Plastics Group and Tokuyama form JV for high-purity IPA in Taiwan

Formosa Plastics Group and Tokuyama Corp formed a 50/50 joint venture, Formosa Tokuyama Advanced Chemicals Co, with NT$1 billion capital, to manufacture high-purity isopropyl alcohol in Kaohsiung, Taiwan. Production is expected to begin by December 2021.

Value

$34.2M (1.00B TWD)

Status

Announced

Productshigh-purity isopropyl alcohol (IPA)

CompaniesFormosa Plastics Group partner Tokuyama Corporation partner

Sectors#Specialty Chemicals #Semiconductors and Industrial Electronics

“FPG and Tokuyama Corp are each to hold a 50 percent stake in the new company.”taipeitimes.com

1 source
taipeitimes.comFPG, Tokuyama in joint venture - Taipei TimesSep 25, 2020

Summarized from public sources; check the original articles before acting on it.

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