Lithuania’s Neo Group shuts PET line due to technical issues

02 October 2009 16:32  [Source: ICIS news]

LONDON (ICIS news)--Lithuania’s Neo Group has shut down one of two polyethylene terephthalate (PET) lines at its plant at Klaipeda for at least one week due to technical difficulties, a company official said on Friday.

“Theoretically [the shutdown] has an 8,000-tonne impact but it was not running at 100% in October, so realistically it may affect 5,000-6,000 tonnes,” said Neo Group sales director Tadas Bernatonis.

Initial estimates suggested that the shutdown, which occurred on 27 September, would last for one week but could continue for a total of two, Bernatonis added.

The line has a production capacity of almost 13,000 tonnes/year.

Neo Group’s shutdown coincided with several others in Europe, which were due to either regular maintenance or lower demand, buyers and sellers said.

One of the Klaipeda plant's PET lines was last shut down in May because of technical difficulties.

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By: Caroline Howard
+44 20 8652 3214

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