Taiwan set to be a major center for the exportation of high-value chemical and plastics products
According to statistics compiled by the Industrial Technology Research Institute's Industrial Economics & Knowledge Center, the volume of plastics used in Taiwan each year exceeds 5,908,000 metric tons, requiring the use of at least 296,000 metric tons of plastic additives. However, in 2009 Taiwan's plastic additives industry posted annual production value of approximately $360 million, and annual production value of only around 144,000 metric tons; there was thus a shortfall of approximately 152,000 metric tons in the quantity of plastic additives that Taiwan was able to produce for itself.
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