05 December 2008 10:13 [Source: ICIS news]
TOKYO (ICIS news)--Japanese styrene monomer (SM) producer Nippon Steel Chemical shut its 240,000 tonne/year No 1 SM unit at its Oita plant on 1 December and reduced the company’s total operating rate to 35% due to declining demand, a company spokesman said on Friday.
The unit would be shut “at least for a month for certain,” the spokesman said, adding that the company did not yet know when the plant’s restart would take place.
“We will determine it based on the demand trends,” he said.
The remaining No 2 unit at the same site, which produces 190,000 tonnes/year, was currently operating at 80%, the spokesman said.
Nippon Steel Chemical reduced the operating rates of its Oita SM units to 80% in August due to sluggish demand.
Nippon Steel Chemical is a subsidiary of Nippon Steel Corp.
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