Chi Mei shuts Taiwan PC plant for turnaround

25 October 2007 04:50  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Chimei-Asahi shut its No 1 65,000 tonne/year polycarbonate (PC) unit in Jen Te last week for a scheduled turnaround, a company official said on Thursday.

The unit would be shut for about 40 days, which was longer than expected, as some parts of the facilities needed to be replaced, said the official.

The No 2 75,000 tonne/year unit would be running normally during this period and there would be no supply disruption to customers, he added.

The company operates two units at the site which produce both optical grade and general purpose moulding PC.

Prices were assessed stable-to-soft this week at $2,600-2,630/tonne CIF (cost, insurance and freight) Hong Kong and Taiwan for optical grade PC, down $20-30/tonne from last week, according to global chemical market intelligence service ICIS pricing.

Adequate supply, lacklustre demand, and strong price competition in some sectors were major factors behind the price drop, market sources said.

Prices for GP moulding PC remained unchanged at $2,800-2,830/tonne CIF Hong Kong.

Chimei-Asahi is a 90:10 joint venture of Chi Mei Corp and Asahi Kasei Chemicals.

By: Liu Xin
+65 6780 4359

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