02 March 2010 06:57 [Source: ICIS news]
SHANGHAI (ICIS news)--Yunnan Tiannanye Chemical Co started construction of a 100,000 tonne/year caustic soda plant and a 120,000 tonne/year carbide-based polyvinyl chloride (PVC) unit at Wenshan county in China's southwestern province of Yunnan late February, a company source said on Tuesday.
The two plants, which would cost yuan (CNY) 828m ($121.2m) to build would be started up in 2011, the source added.
"They are the auxiliary feedstock plants for a local large aluminium oxide producer," the source said.
"In the company’s strategic development pipeline, we will inject more cash to expand their capacities. The caustic soda capacity will be expanded to 300,000 tonnes/year while the PVC capacity is expected to be increased to 400,000 tonnes/year," the source said.
Yunnan Tiannanye Chemical Co is a joint-venture company, in which Yunnan Salt & Chemical Industry Co and Yunnan Phosphorus Group Co own a 47.5% stake each, while the remaining 5% is held by Yunnan Metallurgical Group Co.
($1 = CNY6.83)For more on PVC, caustic soda visit ICIS chemical intelligence
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