Shin-Etsu restarts 550,000 tonne/year Kashima PVC plant

09 July 2010 09:35  [Source: ICIS news]

SINGAPORE (ICIS news)--Shin-Etsu Chemical restarted its 550,000 tonne/year polyvinyl chloride (PVC) plant at Kashima, in Japan's Ibaraki prefecture, on 20 June, after a one-month turnaround, a source close to the company said on Friday.

The maintenance work also included the 600,000 tonne/year vinyl chloride monomer (VCM) plant at the same site, the source added.

The PVC plant's restart came at a time when the regional PVC market was poor due to weak demand from China and India amid uncertainties over the global economic recovery.

PVC prices were last assessed by ICIS on 2 July at $840-860/tonne (€664-679/tonne) CFR (cost and freight) CMP (China Main Port).

Other major PVC producers in Asia include Formosa Plastics, Hanwha Chemical and LG Chem.

($1 = €0.79)

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By: Aaron Cheong

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