16 March 2011 16:10 [Source: ICIS news]
HOUSTON (ICIS)--Honeywell declared force majeure (FM) on caprolactam (capro) for all contract customers effective 15 March, the company said on Wednesday.
Caprolactam is a feedstock for nylon 6.
Honeywell’s FM comes after Sunoco declared FM on phenol.
Honeywell has a 375,000 tonne/year capro plant in Hopewell, Virginia, according to ICIS plants and projects.
The company said it expects the plant to run at reduced rates through at least mid-April.
Asian spot buyers said earlier in the week that they were not being offered material from Honeywell, and contract buyers said they were being sold less volume than normal.
Earlier on Wednesday, a northeast Asian capro producer said Japanese producers might have to declare FM as a result of feedstock and power shortages following last week's earthquake and tsunami.
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