Flooding stops production at Mexichem’s Colombia PVC plant

03 December 2010 01:30  [Source: ICIS news]

HOUSTON (ICIS)--Mexichem Resinas Colombia’s PVC plant in Cartagena stopped production when it was again flooded by ongoing heavy rains, sources in Latin America said on Thursday.

The PVC plant, a subsidiary of Mexichem, was flooded for a second time as a nearby creek overflowed. The plant had previously flooded during the first days of November.

However, the Colombia PVC plant has not declared force majeure (FM) at this time, regional sources said.

Although the Colombian facility could not be reached for comment, sources from other countries working closely with the plant confirmed the information.

The rains have flooded extensive areas of Colombia and Venezuela, destroying roads and disrupting logistics, as buyers and sellers of PVC and other resins cannot adequately move product to destination, sources said.

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By: Ron Coifman
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