JG Summit mulls polymer plants shutdown
03 October 2008 04:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Philippines-based JG Summit Petrochemicals Corp (JGSPC) is considering to shut down its two polymer plants this quarter due to tough market conditions amid slumping demand, a company source said on Friday.
The company’s 180,000 tonne/year polypropylene (PP) line and 200,000 tonnes/year polyethylene (PE) unit located in Batangas could be shut as early as October if market weakness persisted.
JGSPC has announced plans to build the first upstream ethylene plant in the
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