• Most Popular
  • Most Shared

Formosa likely to delay restart of naphtha unit

Tue Sep 30, 2008 10:28pm EDT

Stocks

   

SEOUL, Oct 1 (Reuters) - Taiwan's Formosa Petrochemical Corp (6505.TW) is likely to delay the restart of its 1.2 million tonne per year (tpy) naphtha cracker due to poor margins, two trading sources said on Wednesday.

The cracker was initially expected to resume operation on Oct 18 after a 45-day turnaround. (Reporting by Angela Moon; Editing by Jonathan Hopfner)



More from Reuters

Photo

Tech solutions to climate change

Experts say there is no single answer to solving global warming, but a handful of technologies could be promising. Check out some of the candidates and join the debate.  Full Article 

    Kenneth Feinberg, special master of executive compensation in the Troubled Asset Relief Program at the Treasury, speaks in Washington November 2, 2009. REUTERS/Joshua Roberts

    Pay cuts, round two

    Pay czar Kenneth Feinberg cracked the whip in his latest round of compensation rulings, slimming the salaries of top-tier earners at bailed-out companies.  Full Article 

     The share price index DAX board is seen in front of an emergency exit sign at Frankfurt's stock exchange, October 8, 2008. REUTERS/Kai Pfaffenbach

    "Deflation is with us"

    Fear of the market abyss has faded for investors, but another fear is lurking on the horizon, if not already here.  Full Article