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Article: Formosa Plastic plans's future clouded.
- Article from:
- Footwear News
- Article date:
- August 13, 1990
- Author:
CopyrightCOPYRIGHT 1990 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Formosa Plastic plans's future clouded
TAIPEI -- Confusion surrounds the future of Formosa Plastic's multi-billion-dollar synthetics project in China after it was disclosed recently that FPG chairman Wang Yung-ching had bowed to the Taiwan government's demand for a postponement, if not an outright cancellation, of the project.
Winston Wang, the chairman's eldest son and heir apparent, told FN that no one in the Formosa Plastics Taipei "command center" had any information on the project, other than what has been reported to date.
"Nothing has been signed, and nothing has been decided yet," Wang said, adding that the only ones with privileged ...