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Contact person: Shyh-shin Shyong, Chief of Planning Section Phone : 04-26642253； 0921-995708

Chapter33---China Man-made Fiber Corporation Investment Proposal Basically Approved by Taichung Harbor Bureau

Investment project outline for constructing petrochemical facilities in Taichung Harbor Special Petrochemical Industrial Area submitted by China Man-made Fiber Corporation (CMFC) was reviewed preliminarily by the port authority on March 19, and the investment proposal was basically approved. Due to optimistic about cross-strait economic and trade conditions after the signing of ECFA, CMFC submitted investment application to Taichung Harbor Bureau (TCHB) late last year, planning to invest 3.7 billion NT dollars to build PET resin manufacturing facilities in about 4.8 hectares of land of the Taichung Harbor Special Petrochemical Industrial Area, and the facilities are expected to operate officially in 2014. The port authority stated that, because of the economic recovery, industrial cluster benefits of the Special Petrochemical Industrial Area and the expectation of ECFA signing, a number of petrochemical manufacturers have expressed the willingness to invest in Taichung Harbor Area this year. CMFC’s investment application is the first major investment case for TCHB this year, and the port authority preliminarily evaluated that it can increase harbor throughput effectively and create government tax revenue and rental income, as well as increasing employment. The project outline also complies with government’s policy to encourage industrial investment, and therefore was adopted. CMFC will be required to submit a detailed investment plan, including the operation plan, the financial plan, the pollution prevention and control plan, and other aspects. Following the procedures based on Act for Promotion of Private Participation in Infrastructure Projects, the Evaluation Committee will be held 0by the end of the year for reviewing the investment plan. .

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Last Checked：2010-04-29

Last Updated：2010-04-29

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