07 May 2007 08:28 [Source: ICIS news]
By Clive Ong
SINGAPORE (ICIS news)--Major Taiwanese expandable polystyrene (EPS) makers are growing their capacities to tap lucrative export markets in Europe, the Middle East and Africa, producers said on Monday.
Prices in Europe have been enjoying increasing premiums over ?xml:namespace>
In June 2006, prices in Europe were only around $259/tonne higher than
By March 2007, prices in Europe were some $650/tonne higher than
Ming Dih is in the process of expanding its Taiwanese unit by around 30% to more than 160,000 tonnes/year. The works are expected to finish in July.
It has two other facilities in
Another major Taiwanese EPS producer, Loyal Group, also plans to increase their capacities to focus on the growing demand in
“We also see potential in markets outside Asia such as in the Middle East and
The company operates five plants across
Construction is expected to complete by the end of the year, bringing the company’s total output to 1.1 m tonnes/year.
Another Taiwanese producer, Taita Chemicals, is heard to be considering building a new facility in
“The additional capacities will cater for the export market, as
Some market players estimate the supply to demand ratio of EPS in
The increased availability of feedstock styrene monomer (SM) in
SM supply in the region has increased with the start up of Formosa Chemicals and Fibres Corp’s (FCFC) new 600,000 tonnes/year unit in
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