23 July 2009 07:26 [Source: ICIS news]
SINGAPORE (ICIS news)--India’s South Asian Petrochemical (SAPL) has declared force majeure at its 200,000 tonne/year bottle-grade polyethylene terephthlate (PET) line at Haldia, West Bengal after reducing operating rates due to a feedstock shortage, company sources said on Thursday.
"We’re very short on [purified terephthalic acid (PTA)], as one of our suppliers faces a series of mechanical problems," one of the sources said, but declined to specify the extent of reduction in operations.
Another source said the company had recently not been successful in sourcing PTA from other Indian suppliers or obtain prompt spot imports due to limited supply.
"We’ve no choice, we declared force majeure to our customers for the rest of the month’s supplies," the source said.
The source could not confirm when the force majuere would be lifted.
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