07 January 2009 06:43 [Source: ICIS news]
SINGAPORE (ICIS news)--India's Reliance Industries Ltd has resumed normal production at its 1m tonne/year polypropylene (PP) complex at Jamnagar in Gujarat state, a source close to the company said on Wednesday.
"Demand is picking up and the company's PP inventory position is quite comfortable, prompting RIL to run the plant at full capacity," the source said.
Reliance restarted its third and fourth 250,000 tonne/year lines at Jamnagar in December after completing maintenance. The first two lines were restarted in November.
Strong buying interest propelled Indian PP producers to hike prices by 8% in January. Reliance had shut down the entire 1m tonne/year Jamnagar PP complex in late October amid weak demand and plummeting prices.
The other major PP producer in India besides Reliance is Haldia Petrochemicals Ltd.
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