09 September 2010 13:44 [Source: ICIS news]
Correction: In the ICIS story headlined “Indorama restarts Lithuania PET plant after unplanned outage” dated 9 September 2010, please read in the last paragraph … Indorama has a 150,000 tonne/year PET plant at Workington, UK, and 200,000 tonne/year plant at Rotterdam, the Netherlands … instead of … 200,000 tonne/year PET plant at Workington, UK, and 150,000 tonne/year plant at Rotterdam…. A corrected story follows.
LONDON (ICIS)--Indorama Ventures has restarted its 200,000 tonne/year polyethylene terephthalate (PET) plant at ?xml:namespace>
“[Disruption to customers] has been mitigated to a minimum. We have backed it up with supply from other operations,” said the source.
The unit was shut down because of a mechanical failure, which has since been fixed, the source added.
The shutdown came amid proposed rises in European PET prices.
Producers said they aim to increase September prices by up to €50/tonne compared with the previous month’s range, which was assessed by ICIS at €1,050-1,100/tonne ($1,329-1,392/tonne) FD (free delivered) Europe.
Spot PET was reported around €1,100/tonne, up from the mid-€1,000s/tonne seen in August, buyers and sellers agreed.
Indorama has a 200,000 tonne/year PET plant at
($1 = €0.79)
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