Damage Done to Southern Taiwan Industrial Parks Totals NT$3 billion
Damage done to industrial parks in southern Taiwan as a result of Typhoon Fanapi is estimated at NT$3 billion, said the Ministry of Economic Affairs (MOEA) on Sep 20. Damage done to Renwu Industrial Park in Kaohsiung County, home to various pharmaceutical firms and other small and medium enterprises, is estimated at NT$1 billion, MOEA said. Dashe Industrial Park, also in Kaohsiung County where some of the island's top petrochemical firms operate, is suffering from damage totaling about NT$2 billion, MOEA said.
Southern Taiwan suffered the heaviest damage from Typhoon Fanapi, which stormed through the island Sunday. Floods brought by the heavy rain have caused most of southern Taiwan manufacturers to suspend operations. Petrochemical manufacturers themselves, meanwhile, were still assessing the damage done by the storm to their plants, they said.
These manufacturers include such heavyweights as Formosa Plastics, USI Corp., Grand Pacific Petrochemical Corp., and China Petrochemical Development Corp., most of which maintain facilities in both Renwu and Dashe Townships.
Formosa Plastics keeps a polyvinyl chloride plant in Renwu Township, whose operations have been suspended. The company inspected the plant after flood water receded and said most of the equipment were undamaged. It was still determining when the operations will resume.
Grand Pacific maintains a styrene monomer plant in Dashe Township and said it was still assessing damage done to the plant.
China Petrochemical, meanwhile, said its acrylonitrile in Dashe suspended one production line and said most of the equipment were undamaged. Resumption of work will depend on the schedules of upstream and downstream clients, it said.
As for whether the stoppages will throw Taiwan's petrochemical supply chain off the balance, the island's petrochemical trade group said “not necessarily.”
“Most plants will stop work just for a few days, and manufacturers still have inventories to ensure steady supplies,” said the Taiwan Petrochemical Industry Association. “Further, most manufacturers have the habit of suspending operations for a few days annually for repair works. Some of them may use this time to do the repairs.”
Southern Taiwan suffered the heaviest damage from Typhoon Fanapi, which stormed through the island Sunday. Floods brought by the heavy rain have caused most of southern Taiwan manufacturers to suspend operations. Petrochemical manufacturers themselves, meanwhile, were still assessing the damage done by the storm to their plants, they said.
These manufacturers include such heavyweights as Formosa Plastics, USI Corp., Grand Pacific Petrochemical Corp., and China Petrochemical Development Corp., most of which maintain facilities in both Renwu and Dashe Townships.
Formosa Plastics keeps a polyvinyl chloride plant in Renwu Township, whose operations have been suspended. The company inspected the plant after flood water receded and said most of the equipment were undamaged. It was still determining when the operations will resume.
Grand Pacific maintains a styrene monomer plant in Dashe Township and said it was still assessing damage done to the plant.
China Petrochemical, meanwhile, said its acrylonitrile in Dashe suspended one production line and said most of the equipment were undamaged. Resumption of work will depend on the schedules of upstream and downstream clients, it said.
As for whether the stoppages will throw Taiwan's petrochemical supply chain off the balance, the island's petrochemical trade group said “not necessarily.”
“Most plants will stop work just for a few days, and manufacturers still have inventories to ensure steady supplies,” said the Taiwan Petrochemical Industry Association. “Further, most manufacturers have the habit of suspending operations for a few days annually for repair works. Some of them may use this time to do the repairs.”
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