Daelim mulls HDPE production cuts at Yeosu lines

18 September 2008 07:59  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korean high density polyethylene (HDPE) producer Daelim Industrial is considering the option of cutting production at its No 1 and No 2 plants in Yeosu by the end of September due to weak demand, a source close to the company source said on Thursday.


“It may cut production if export demand doesn’t improve by end [of] September but this is not confirmed yet,” the source said.


Daelim’s No 1 HDPE line with a 130,000 tonne/year capacity was producing blow moulding grade for large containers and its No 2 HDPE unit with the same capacity was producing blow moulding grade for small containers, he said.


Its No 3 HDPE line with a 140,000 tonne/year capacity was producing pipe grade, he added.


South Korea’s other HDPE producers include Honam Petrochemical and LG Chem.


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By: Chow Bee Lin
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