APPLE GROVE, W.Va. (AP) — A company based in Taiwan says it is buying a former polymer producer in West Virginia.
Taipei-based Far Eastern New Century Corporation says in a news release that it has successfully bid about 1 billion New Taiwan dollars ($34 million) for the plant formerly owned by M&G Polymers USA LLC in Apple Grove. The transaction also includes a research center in Ohio. The statement did not specify the Ohio town.
M&G notified the Mason County Commission of the plant's closing in September after the company filed for bankruptcy protection.
The statement says pending bankruptcy court approval, it will be FENC's first polymer resin production site in the United States.
FENC also has production sites in Taiwan and China. A plant in Vietnam is scheduled to start production in June.
Post a comment as
Report
Watch this discussion.
(0) comments
Welcome to the discussion.
Log In
Daily Journal Online Comment Policy
The goal of the story comments at dailyjournalonline.com is to have a community forum for the thoughts of our readers.
We strive to make sure this is an open, thought-provoking yet polite debate on the issues.
Report Abuse
If you feel a comment has violated our guidelines, please use the "Report Abuse" link under the comment.
Comments not edited
We do not edit comments. They are approved or denied.
Comments will be screened
All comments will be screened and may take several hours to be posted.
No Personal Attacks
Refrain from personal attacks or degrading comments.
Do not feed the trolls
Keep comments clear, concise and focused on the topic.
No Emails or Links
No advertising allowed. Do not post e-mails or links except for pages on dailyjournalonline.com or Government websites.
Be Courteous
Do not type with CAP LOCKS ON. Forgive spelling errors. No racism, sexism or any other sort of -ism that degrades another person.
Do not imply guilt
Do not convict a suspect of a crime before he or she has been proven so in a court of law.
Comment Length
Comments are limited to 1000 Characters. Characters remaining are posted on top left of comment box.
Assertions of questionable or unrelated information will decrease the likelihood of approval.
However we welcome such information in the form of news tips sent via our contact us page.