12 December 2008 04:56 [Source: ICIS news]
SINGAPORE (ICIS news)--Asia’s largest bisphenol-A (BPA) spot producer, Nan Ya Plastics cut operating rates at its plants this week as buying sentiment withered in the face of poor downstream demand and surplus inventories, a company official said on Friday.
Operation rates at its No 2 and No 3 BPA production lines with capacities of 100,000 tonnes/year each and located were reduced to 60-70% this week, he said. The units are located at Nan Ya’s Mailiao petrochemical complex in Taiwan.
The company quickly decided to lower operating rates again after ramping up production to 100% last week to prevent any surplus inventories from building on the back of dismal demand from the downstream polycarbonate and epoxy resin industries.
The No 1 and No 4 lines, with capacities of 90,000 tonnes/year and 130,000 tonnes/year located at the same petrochemical complex, remained shut due to poor demand.
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