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June 27, 2017

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Operation of FPG steel mill in Vietnam could be delayed

TAIPEI -- Formosa Plastics Group (台塑), the nation's largest industrial conglomerate, said the operation of its no. 1 furnace at the Formosa Ha Tinh steel mill in Vietnam, scheduled to go online at the end of 2015, could be delayed if the company's Chinese workers fail to return to work in two months, the group's chairman said Tuesday.

William Wong made the remarks after attending a shareholder meeting of Formosa Petrochemical Corp., one of the companies under the group.

During recent anti-China riots in Vietnam resulting from a territorial dispute between the two countries in the South China Sea, four Chinese workers hired by the group from China Metallurgical Group Corp. died and more than 100 were injured.

Three thousand other Chinese workers employed by the FPG steel mill in Vietnam have since returned to China.

Wong also said that once the other companies under the FPG umbrella have completed their shareholder meetings, he will personally visit Vietnam to discuss the resumption of work at the mill, as well as matters regarding compensation by the Vietnamese government for damage inflicted during the riots.

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