23 January 2009 17:21 [Source: ICIS news]
The force majeure, ongoing for almost eight weeks, had originally been declared as a result of drastic cuts in its chlorine and polyvinyl chloride (PVC) operating rates amid low demand.
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Customers had been notified earlier in the week and supply restrictions no longer applied as PVC and chlorine operating rates had started to see a marginal improvement, the source said.
Supply constraints had also been relieved with the acquisition of German chlor-alkali producer LII which has provided extra facilities, added the source, but Akzo remained on strict order allocation and could not take on any new or additional business.
Market sources said the announcement would remove some of the pressure on the market.
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