China’s SK Zhenbang shuts Ningbo PET plant due to weak market

30 September 2009 11:48  [Source: ICIS news]

SINGAPORE (ICIS news)--SK Zhenbang Chemical stopped production at its 150,000 tonne/year bottle-grade polyethylene terephthalate (PET) plant at Ningbo, in China’s eastern province of Zhejiangin, in early September due to poor market conditions, a company source said on Wednesday.

“We have stopped our PET plant and will only consider restarting after mid-October,” the source said in Mandarin.

SK Zhenbang is a joint venture between Zhenbang Chemical Fibre, South Korean trading house SK Networks and South Korean PET producer SK Chemicals.

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By: Yu Guo
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