17 December 2003 01:38 [Source: ICIS news]
SINGAPORE (CNI)--French chemicals group Atofina has shut down its 100 000 tonne/year polystyrene (PS) plant in Sanshui, Guangdong Provine, China, for routine maintenance, according to a company spokesman.
The spokesman said the plant, which Atofina acquired from China Offshore Sanshui Chemical Industry earlier this year, will restart in the week commencing 22 December.
The acquisition of the plant has enabled Atofina to strengthen its PS business in Asia and expand its sales to customers in China.
Currently Atofina operates a PS plant in Singapore and has two compounding plants in Thailand.
In China, Atofina already has 14 chemicals production sites and generates turnover of $400m (Euro324.6m) per year in the country. However, the company said that most of its activities in the region were based on speciality chemicals and intermediates.
Atofina is the third largest PS producer in the world with total capacity of 1.4m tonne/year.
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