Formosa Chemicals & Fibre Corp. has been fined NT$1.24 billion ($41.2 million) for environmental breaches at one of its plants, the largest such penalty handed down in Taiwan.
The environmental bureau in Changhua County, central Taiwan, said the company’s textile-fiber plant had used a type of coal that doesn’t comply with its environmental impact assessment, according to a Nov. 17 Formosa Chemicals statement in Taipei. Vice Chairman Hong Fu-yuan said by telephone that the company had not broken any rules and planned to appeal.
The company is a unit of Formosa Plastics Group, a Taiwanese conglomerate that’s faced penalties for ...
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