Also, with lack of butadiene locally, firms as TTC, GPPCC, TSRC
, and Chi Mei have had to import such material but at higher prices, with insiders revealing the surging material cost cause increased spending of about NT$ 6 billion (US$ 200 million) to NT$ 7 billion (US$ 233 million).
To this end, the three partners will establish in September TSRC
Ube (Nantong) Chemical Industry Co.
was founded, it has been a leading center in conducting timely research on real-world solutions for a more sustainable transportation future.
At present, Formosa Petrochemical supplies most of its output of propylene, ethylene, and butadiene to Formosa Plastic Group's own mid- and downstream factories, while CPC Taiwan supplies its output to 17 mid- and downstream firms, including USI, LCY Chemical, China Petrochemical Development, and TSRC
Ube, which will be capitalized at $40 million, will be owned 55 percent by TSRC
, 25 percent by Ube and 20 percent by Marubeni.
and The Dow Chemical Co., which will enable TSRC
's annual capacity of SBC to total 117,000 tons.
Wing Keung (Hendrick Lam), senior vice president of TSRC
, was elected president international of the International Institute of Synthetic Rubber Producers (IISRP) for 2016-2017 at the association's 57th annual meeting.
It will compete against existing domestic suppliers, mainly TSRC