Formosa Plastics declares force majeure on PP from Point Comfort in Texas

MOSCOW (MRC) -- US polymer producer Formosa Plastics Corp., part of Formosa Petrochemical, announced a force majeure on polypropylene (PP) products from its Point Comfort, Texas, petrochemical complex effective August 8, the company said in a letter obtained by S&P GlobalВ Aug. 10."As a result of this production outage and pursuant to Formosa's General Terms and Conditions of Sale, Formos

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