Hungary's BorsodChem to maintain production rates

19 November 2008 15:49  [Source: ICIS news]

PRAGUE (ICIS news)--Hungary's BorsodChem has no immediate plans to make production cuts in response to falling demand, while it continued to monitor the market day by day, a company official said on Wednesday.

“Times are changing so fast [in this economic decline] that what is true today may not be true tomorrow,” said Alain Schuerwegen, BorsodChem’s sales and marketing director for toluene di-isocyanate (TDI).

Schuerwegen was speaking in the wake of BASF’s announcement on Wednesday of substantial production cuts at its plants worldwide.

“The situation is so unstable, but while we have the orders we will continue with the production rates,” said Schuerwegen.

Borsodchem is a producer of polyvinyl chloride (PVC), isocyanates and methyl di-p-phenylene isocynate (MDI).

For more on PVC, MDI and TDI visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Will Conroy
+44 20 8652 3214

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