19 December 2008 14:15 [Source: ICIS news]
LONDON(ICIS news)--Several polyvinyl chloride (PVC) producers have announced extended outages over the Christmas period due to a lack of demand in the European market, PVC market sources said on Friday.
Arkema said that it would close all four of its French based operations over the next week for two weeks, which were scheduled to come back online between 2-5 January.
Portuguese Manufacturer Cires closed production at its Estarreja plant on 12 December, and expected to restart it on approximately 28 December.
Both Shin-Etsu and Vinnolit said they would also run at reduced rates, but would begin to build stock ahead of planned maintenance outages in 2009.
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The majority of northwest European buyers were also due to close at on 19 December and return on the week starting 5 January.
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