17 November 2006 07:37 [Source: ICIS news]
SINGAPORE (ICIS news)--Nan Ya Plastics, Taiwan’s largest monoethylene glycol (MEG) producer, has again postponed the startup of its project to end-May 2007, two sources close to the company said on Friday.
Startup of the 700,000 tonnes/year MEG project at Mailiao was earlier delayed to April 2007, three months later than the previous startup date.
One source said there were many reasons for the delays which include a late delivery of equipment and labour problem.
Affiliate Formosa Petrochemical, which will supply ethylene to the MEG project, has delayed the startup of its 1.2m tonne/year cracker by three months to May or June 2007.
A second source said Nan Ya will not delay the project any further than end-May 2007.
"Any later, the company will have to pay the workers and engineers extra. Marketing plans will be adversely affected," he added.
Nan Ya operates three MEG units in Mailiao, with a combined capacity of 950,000 tonnes/year. One of the units, a 300,000 tonnes/year line, is a joint venture with another Taiwanese company, China Man-made Fibre Co.
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