Buyers looking for PET following M&G FM in Brazil

22 March 2011 16:45  [Source: ICIS news]

HOUSTON (ICIS)--Polyethylene terephthalate (PET) bottle makers are looking for alternative supplies of resin after Mossi & Ghisolfi (M&G) declared force majeure at its plant in Suape, Brazil, sources in Latin America said on Tuesday.

M&G Polimeros Brasil declared force majeure (FM) on March 16.

Problems at the M&G plant in Suape, Pernambuco, developed following the long-lasting blackout of early February, affecting the majority of states in Brazil’s northeastern region.

Initially, the disruptions at the plant were stabilised and it continued to operate.

However, strong fluctuations in the polymerisation system developed later, eventually leading M&G to stop plant operations, according to the company. This should last 10-20 days.

For more on PET, visit ICIS chemical intelligence

By: Ron Coifman
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