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Formosa Plastics Corp and Daicel Corp established a 50-50 joint venture, Formosa Daicel Advanced Chemicals Co Ltd, with initial paid-in capital of NT$800 million, to produce electronic-grade photoresist thinner. The plant will be built at Formosa Plastics' facility in Kaohsiung's Renwu District, with production expected to begin in December 2028.