Taiwan’s CPDC cuts ACN op rate to 60%

03 October 2008 04:20  [Source: ICIS news]

SINGAPORE (ICIS news)--Taiwan’s China Petrochemical Development Corporation (CPDC) has cut the operating rate of its 190,000 tonne/year acrylonitrile (ACN) in Kaohsiung to 60% due to weak demand, a company source said on Friday.

 

“We have no choice but to cut the operating rate by 40% due to the weak demand and high production costs,” the source said, adding that the plant will run at 60% until the end of the year. 

 

CPDC is one of several ACN plants which had either slashed operating rates or shut down due to the bearish market conditions.

 

The other ACN plants which had shut down or cut operating rates include Tongsuh Petrochemical and Taekwang Petrochemical of Korea, Asahi Kasei of Japan and Shanghai Secco of China.

 

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By: Helen Yan
+65 6780 4359

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