Taiwan’s FPC to shut down acrylic acid plant

26 August 2008 09:04  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s Formosa Plastics Corp (FPC) will shut down its 100,000 tonne/year acrylic acid and esters plant at Kaohsiung for a catalyst change followed by scheduled maintenance, a source close to the company said on Tuesday.

The plant would be shut down from the end of August and the company expected to resume production by the end of September, the source said, adding that there would be limited availability of spot material during the shutdown.

The company would consider reducing operating rates if the current weak market conditions remained unchanged, the source said, adding that high feedstock propylene costs were eroding production margins.

Other key producers in the region include BASF-Petronas, Japan’s Nippon Shokubai, South Korea’s LG Chemicals and Japan’s Toagosei.

For more on acrylic acid, esters visit ICIS chemical intelligence 
To discuss issues facing the chemical industry go to ICIS connect

By: Su Yeen Cheong
+65 6780 4359

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.

Printer Friendly