Chi Mei starting up PC unit in Aug

17 February 2006 01:13  [Source: ICIS news]

SINGAPORE (ICIS News)--Chi Mei, the Taiwanese plastics producer, is expected to start commercial operations at its new polycarbonate (PC) line in August, a company official said on Friday.

The new 75,000 tonne/year line, which is based on Asahi Kasei’s non-phosgene technology, will bring the company’s total PC capacity at Tainan to 140,000 tonne/year. Chi Mei has a 65,000 tonne/year line at the site.  

The additional capacity could exert some downward pressure on PC prices, particularly as BayerMaterialScience, part of German chemicals and healthcare group Bayer, is expected to start-up a new 100,000 tonne/year PC facility in Caojing, China, in the second quarter of 2006, traders said.

Chi Mei’s new line will produce mainly GP moulding and optical grade PC, which are used in end-products ranging from digital storage discs to printers and toys.

PC prices are at $3,100-3,150/tonne CIF Hong Kong for both grades, according to global pricing and market intelligence service ICIS-LOR, a sister company of ICIS News.

By: Peh Soo Hwee
+65 6780 4359

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