OREANDA-NEWS. January 30, 2014. Formosa Plastics Group, Taiwan's top plastics conglomerate, will invest USD 13.25 billion in overseas expansion this year, its biggest annual capital budget in five years, Taiwanese media reported.

The group, whose main units include Formosa Plastics Corp and Nan Ya Plastics, plans to expand in China and Vietnam and build a petrochemical project in Texas, the Commercial Times and the Economic Daily said.

Formosa Plastics Corp, the flagship unit, posted a pre-tax profit of USD 767 million, the Commercial Times said.