Taekwang delays ACN restart on poor economics

07 November 2008 06:54  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korean acrylonitrile (ACN) producer Taekwang Industrial has delayed the restart of its 250,000 tonne/year plant in Ulsan due to weak market conditions, a company source said on Friday.

The unit was taken offline on 6 October for a 28-day turnaround but the restart was postponed due to persistent weak demand from downstream acrylic fibre (AF) and acrylonitrile-butadiene-styrene (ABS) sectors amid a slowing global economy.

The date when the plant will come back online has yet to be firmed up, said the source.

Taekwang was among several ACN producers including Asahi Kasei, Ineos Nitriles, China Petrochemical Development Corp (CPDC) and Tongsuh Petrochemical, which have either shut for maintenance or were operating at reduced rates in light of the poor market.

For more on acrylonitrile visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
To discuss issues facing the chemical industry go to ICIS connect

By: Liu Xin
+65 6780 4359

< previous article(ICIS Chemical Business podcast November 2, 2009)

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