Formosa invests over US$1.6 bil in Dong Nai

05:05, 21/05/2021

(ĐN)- According to Dong Nai People's Committee, Hung Nghiep Formosa Company, under Taiwan's Formosa Group, has so far invested US$1.638 billion in the province.

 

(ĐN)- According to Dong Nai People’s Committee, Hung Nghiep Formosa Company, under Taiwan’s Formosa Group, has so far invested US$1.638 billion in the province.

A view of Formosa thermal power plant in Dong Nai Province (Photo dantri.com.vn)
A view of Formosa thermal power plant in Dong Nai Province (Photo dantri.com.vn)

The company has its first project in Nhon Trach district’s industrial park 3. It is also the biggest FDI enterprise operating in Dong Nai.

After 20 years of operation in the province, Formosa, from its first main products as fiber, textile and plastic, has put a landmark with a complex of factories producing fiber, plastic and a thermoelectricity plant with a capacity of 300MW, which covers an area of nearly 300 hectares of land in Nhon Trach district’s industrial park 3.

Earlier in April this year, Hung Nghiep Formosa Company increased capital by nearly US$13 million in the province.

Reported by H.G