Formosa Plastics has a plant in Ningbo to produce PVC, which is used to make window frames and floors among other plastic products. The company is test running an acrylic ester factory there and building factories that will make polypropylene and super-absorbent polymers, according to Lee.
Its affiliate Nan Ya Plastics has about 30 plants in China that make plastic pipes, synthetic leather and components for printed circuit boards.
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