27 January 2010 09:47 [Source: ICIS news]
SINGAPORE (ICIS news)--Yip’s Chemical Holdings, a key southern China-based solvent acetate producer, reduced operating rates at its butyl acetate (butac) plant in Jiangsu province this week due to equipment adjustments, a company official said on Wednesday.
“We reduced the butyl acetate operating rates to 80-90% this week as we had to make some equipment adjustments,” he said in Mandarin.
The plant can produce 40,000 tonnes/year of butac and 80,000 tonnes/year of ethyl acetate (etac). The facility located at Taixing Park in China's eastern province of Jiangsu was started up in mid December and has achieved full operating rates in mid January, the official said.
China's butac market may not be affected much since the output curb at the plant would likely be short-lived, the source said.
Yip’s Chemical, which is listed in the Hong Kong Stock Exchange, has presence in the southern China solvents market through Jiangmen Handsome Chemical Development - a joint venture with Jiangmen Qisheng Chemical Development Ltd.
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