July 5, 2017
Formosa Says Plant Expansion Progressing
Formosa Plastics Corporation says it will probably be two more years before completion of its $5 billion expansion at a plant in Point Comfort, Texas.
The construction includes a buildout of the existing Olefins 3 structure in Calhoun County, southeast of Victoria, aimed at increasing productivity while expanding Formosa's plastic resins products.
The company has also said it plans to add more than 300 permanent jobs at the plant when construction is finished.
By Mike Shiloh
Copyright July 05, 2017, Mike Shiloh, Texas Energy Report LLC, www.texasenergyreport.com, All rights are reserved
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