Formosa Plastics Corporation to Invest $332 Million to Expand in Baton Rouge, Louisiana

Specifications:

Name:

Formosa Plastics Corporation to Invest $332 Million to Expand in Baton Rouge, Louisiana

Location:

Louisiana

Company:

Formosa Plastics Corporation

Estimated Cost:

$332 Million

Source:

areadevelopment.com

Introduction:

Formosa Plastics Corporation will invest $332 million to expand its production of polyvinyl chloride resin or PVC manufacturing plant in Baton Rouge, Louisiana.

Features:

The project will include the installation of new machinery and equipment for the expansion of the PVC resin production unit, expected to result in a 20 percent increase in production capacity and sales; installation of new machinery and equipment for a halogenated acid production unit for internal use in the production of vinyl chloride monomer; and installation of utilities equipment needed for the new production operations. Launch of the new operations is expected for late 2021 or early 2022.

The company also will add production equipment in two other units of the company’s Baton Rouge manufacturing facility, which FPC has operated since 1981.

The Formosa Plastics Baton Rouge facility consists of three operating units to produce PVC, a synthetic plastic polymer with a variety of uses in the construction industry, including as insulation on electrical wires, in flooring for buildings needing a sterile environment, and as piping and siding.