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Far Eastern New Century snaps up PET plant in US

08/02/2018
Far Eastern New Century snaps up PET plant in US

Taiwanese textile manufacturer Far Eastern New Century (FENC) has announced it has successfully bid more than NT$ 1 billion (around $34 million) for a PET plant in West Virginia, US. The company said the plant has an annual capacity of 360,000 tonnes. It was previously owned by M&G Polymers, which has filed for bankruptcy protection. Production...

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