China’s SK Zhenbang to shut Ningbo PET plant on power cuts

10 August 2010 08:38  [Source: ICIS news]

DUBAI (ICIS)--China's SK Zhenbang Chemical will shut its 150,000 tonne/year bottle-grade polyethylene terephthalate (PET) plant at Ningbo, Zhejiang province, on 20 August due to power cuts ahead of the peak summer season, a company source said on Tuesday.

“The planned shutdown will last for 15 days, from 20 August onwards, and the plant is expected to restart in early-September,” the source said in Mandarin.

The shutdown was expected to have limited impact on the PET bottle-grade chips spot market, the source added.

SK Zhenbang is a joint venture between Zhenbang Chemical Fibre, South Korean trading house SK Networks and South Korean producer SK Chemicals.

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By: Yu Guo
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