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FENC to Boost Overseas Synthetic Fiber Output
From:Taiwan Business Topics -Taiwan Briefs BY BEN PARKER

At its annual general shareholders’ meeting on June 29, Far Eastern New Century Corp. (FENC), part of the Far Eastern Group, announced plans to ramp up investment in synthetic fiber plants in the United States and Vietnam. The company owns a polyethylene terephthalate (PET) plant in West Virginia, an R&D center in Ohio, and has another PET plant under construction in Corpus Christi. FENC also plans to expand its supply chain in Asia by expanding capacity in Vietnam to take advantage of the favorable labor market and investment climate. The company says that the increase in production capacity will make it one of the top three PET producers globally.

https://topics.amcham.com.tw/2018/08/taiwan-business-in-brief-august-2018/

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