China’s Sanfangxiang cuts PET plant op rates on weak market

17 August 2009 05:24  [Source: ICIS news]

SINGAPORE (ICIS news)--China's Sanfangxiang reduced operating rates at its 700,000 tonne/year polyethylene terephthalate (PET) plant by 10% early last week to 70% due to soft business conditions, a company source said on Monday.

The Jiangyin-based PET plant in Jiangsu province, eastern China, was initially running at 80% of its nameplate capacity after it was restarted in end May

“The export market remains weak and we are going to run at reduced rates till the market improves,” the company source said in Mandarin.

Other major PET producers in China include China Resources Packaging, Zhuhai Yuhua , Yizheng and Far Eastern Industry Shanghai.

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By: Yu Guo
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