29 June 2010 07:06 [Source: ICIS news]
SINGAPORE (ICIS news)--Fujian Southeast Electrochemical Co (SEEC) plans to start up its 50,000 tonne/year toluene di-isocyanate (TDI) plant in Fuzhou city, China in late 2012, a company source said on Tuesday.
“The start-up of the new plant will signal the completion of the first phase. In the second phase, the [capacity of the] facility will be expanded to 100,000 tonnes/year,” the source added.
Construction of the facility is currently in progress, the source said, quashing market rumours that it had not started.
“This is not a good news to the China import market,” said a south China-based importer said, citing that the country was fast achieving self-sufficiency in TDI production.
“Bayer [Material Science] will be starting up their [250,000 tonne/year] new plant in [the] first half of next year and the market is already pretty bearish due to their aggressive marketing during the current lull season," said a China-based producer.
"Another new plant in the market would mean another wave of downside potential [for the TDI market],” he added.
TDI, with flexible polyether polyols slabstocks, is used in the manufacture of foam used in beddings and mattresses.
Other TDI producers in China include Gansu Yinguang, Hebei Changzhou Dahua and BASF.
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