Tuesday, December 11, 1973
AMERICAN COMPANY TO BUILD HUGE POLYSTYRENE PLANT IN HONG KONG
More Land For Selected Heavy Industries
Hong Kong will house one of the world's largest production plants
for polystyrene in 1975.
Disclosing this today, the Governor, Sir Murray MacLehose, said
approval in principle had been given by the Executive Council for a 10-
acre site on Tsing Yi Island to be sold by private treaty to an American
company to build the plant.
The plant, which will deliver this essential material to our
plastics industry by mid-1975, will not cause pollution and if properly
controlled and managed, poses no threat or danger to the environment," Sir
Murray said when opening the 31st Chinese Manufacturers' Association
Exhibition.
The site is to be sold to Dow Chemical Pacific Ltd. by private
treaty under the government's modified industrial land policy which provides
for the development of carefully selected heavier industries which cannot
be accommodated in high-rise buildings.
In his address, the Governor said: "Government will continue, on
en individual basis along these lines, to try and meet the needs of selected
larger industries which would make a significant contribution to Hong Kong's
economic growth.'
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/He revealed