07 December 2010 01:34 [Source: ICIS news]
SINGAPORE (ICIS)--Kuwait Aromatics (KARO) has declared force majeure (FM) on paraxylene (PX) supplies from its 820,000 tonne/year Shuaiba unit due to a “sudden glitch”, customers of the Middle Eastern producer said on Tuesday.
“They have already completed December deliveries. The FM is for January supplies,” said one northeast Asian end-user.
KARO officials could not be immediately reached for comment on the FM but traders told ICIS the company's plant had been shut since 3 December after experiencing a utility issue.
KARO is a joint venture (JV) between ?xml:namespace>
PIC and KNPC each has a 40% stake in the JV, while QPIC owns the remaining 20%.
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