28 September 2009 11:09 [Source: ICIS news]
SINGAPORE (ICIS news)--India's Haldia Petrochemicals Ltd plans to shut its 520,000 tonne/year naphtha cracker and polymer plants on 19 October for maintenance and expansion over 10 weeks, a source close to the company said on Monday.
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Haldia's polyethylene (PE) capacity will be increased to around 700,000 tonnes/year from 550,000 tonnes/year, while capacity at its polypropylene (PP) plant will be expanded to 370,000 tonnes/year from 211,000 tonne/year, the source said.
“The shutdown will cause some [supply] shortfall in the Indian market, but the effect will be mitigated by the current weak sentiment for PP and PE,” the source said.
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