
The Sixth Naphtha Cracker Project Investments #wrong allocation of assets
- Entity
- Formosa Petrochemical Corporation
- Message Category
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Braun, Uwe
I see you have created a bunch of assets related to The Sixth Naphtha Cracker Project as owned by Formosa Petrochemical Corporation (FPCC) in a so-called 'Mailiao Formosa Plastics Industrial Park'. The group structure is in fact very complex with Formosa Plastics Group (FPG) as the overarching structure with investments in five main subsidiaries and in almost 100 additional companies. Formosa Plastic Corp. (FPC), Formosa Chemicals & Fiber Corp. (FPFC), and Formosa Petrochemical Corp. (FPCC) are now existing in the system.
If you look at the The Sixth Naphtha Cracker Project Investments, you will observe that only refinering, naphtha cracker plant, and utilities are assigned to FPCC, but most of the chemicals and polymers plants are with FPC, FCFC and Nan Ya Plastics Corp. (NYPC), and a few other companies are investors in other plants as well. We would need to rename the site for each company having asset ownership, as well as reassign assets to the correct owners.
In addition, FPCC has three sites, all located in in Mailiao, but so far I ignore in which site the new assets are located:
Mailiao Plant #1
No. 7、15, Taisu Industrial Park, Mailiao Township, Yunlin County,
Mailiao Plant #2
No. 8、8-5, Taisu Industrial Park, Mailiao Township, Yunlin County
Mailiao Plant #3
No. 17、39, Taisu Industrial Park, Mailiao Township, Yunlin County.
Braun, Uwe
6/23/2024 5:41 PM
I can assign the assets over to the related Sites via the database, if you tell me, where you want them.
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