Kolon delays Suzhou phenolic resins unit start-up to Jun '05

09 December 2004 01:23  [Source: ICIS news]

SINGAPORE (CNI)--South Korea’s Kolon Chemical has delayed the start-date of  its new Won10bn ($9.46m/Euro7.1m) phenolic resins plant in Suzhou, China, to June 2005 due to the high price of phenol, a company official told CNI on Thursday.

 

Construction of the facility ended in late November 2004, with the plant originally due to come on-stream in December 2004.

 

“We felt it is better to postpone operations till June 2005, by which time we expect the price of phenol to have dropped. We will review the situation nearer that date,” said the official.

However, the high phenol price has not affected operations at Kolon Chemical’s 43 000 tonne/year phenolic resins plant in Kimchon, South Korea, added the official.

Phenolic resins are used for adhesives, binders for insulation and for moulding compounds.

The company, South Korea’s main producer of hydrocarbon resins, also produces speciality chemicals such as polyurethane resins, plastic additives and pharmaceutical intermediates, and super absorbent polymers (SAP).

By: Siva Govindasamy
+65 6780 4359

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