S Korea’s Samsung Total may cut Daesan PP rates

28 October 2008 07:53  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea's Samsung Total Petrochemical is considering a cut in operating rates at its Daesan polypropylene (PP) facility to 80-85% due to persistent weak demand, a company source said on Tuesday.

It would decide by the end of this week if the facility, consisting of two lines with a combined capacity of 600,000 tonnes/year, would run at reduced rates, the source said.

The PP production cuts would be in line with its plans to cut back its cracker operating rates, he said.

Its polyethylene (PE) facilities at the same site, consisting of a 110,000 tonne/year low density PE/ethylene vinyl acetate (LDPE/EVA) swing plant, a 126,000 tonne/year linear low density PE (LLDPE) line and a 170,000 tonne/year high density PE (HDPE) unit, will run at normal rates, he added.

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By: Chow Bee Lin
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