23 April 2008 11:34 [Source: ICIS news]
LONDON (ICIS news)--INEOS Polyolefins has declared force majeure on polyethylene (PE) and polypropylene (PP) from its Grangemouth, UK, site ahead of this weekend’s planned two-day strike, a company source reported on Wednesday.
“In order to prepare for the strike, polyeolefins at the site have been in the process of shutting down since Monday,” the source said.
“We estimate that we need a month after the end of the strike to get production back to normal,” he added.
“We are cautiously planning on a six-week production outage from last Monday, and are only able to supply from the available stock until further notice.”
INEOS has a 285,000 tonne/year PP unit and a 320,000 tonne/year linear low density PE (LLDPE)/high density PE (HDPE) swing plant at Grangemouth.
Click here to find out more on the European polyethylene margin report
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