According to a Taiwan Stock Exchange disclosure on November 12, Formosa Plastics' board of directors approved the shutdown and decommissioning of its caprolactam (CPL) production line at the Xiaogang plant. The 200,000 tons-per-year capacity line has faced continued headwinds from global oversupply, U.S. trade policies, and geopolitical tensions including the Russia-Ukraine conflict. Output fell to 99,546 tons in 2024 from 155,765 tons in 2023. The company said the production line has lost economic viability and the shutdown will reduce operational risks while the company focuses on higher-value specialty chemicals.

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