02 December 2008 07:59 [Source: ICIS news]
SINGAPORE (ICIS news)--Thailand’s largest olefins producer PTT Chemical has raised production at one of its high density polyethylene (HDPE) plants at Mab Ta Phut back to 100% from 50% as its inventory has fallen to an acceptable level, a company source said on Tuesday.
The 250,000 tonne/year HDPE plant, operated by its wholly owned subsidiary, Bangkok Polyethylene, had been running at full rates since last Friday, the source said.
PTT Chemical cut production rates at the plant to 70% in early November and subsequently to 50% due to weak demand and mounting inventory pressure, he said.
Another HDPE plant with the same capacity operated by PTT Chemical at the same site had been running at 100% of its nameplate capacity, the source said.
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