12 August 2008 04:47 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s Nan Ya Plastics Corp will shut down four monoethylene glycol (MEG) lines with a combined capacity of 1.6m tonnes/year for 45 days from early September due to poor margins and high feedstock ethylene costs, said a company source on Tuesday.
"The turnaround of these four lines at the Mailiao facility in eastern Taiwan will be staggered over a 45-day period," added the source in Mandarin.
"Right now, the plan is to close one line for 10 days before restarting and this will be immediately followed by the shutdown of another line for a similar number of days. We intend to turn around two lines simultaneously for the remaining 25 days," the source said.
Nan Ya’s Mailiao MEG plant has three lines, each with an output of 300,000 tonnes/year while the last line has a 700,000 tonnes/year capacity.
The source did not reveal the order and duration of the four lines’ shutdown but added that Nan Ya was "prepared to shut down two lines instead of one during the initial weeks of September if MEG prices failed to show improvement".
For more on MEG visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections