DAK Argentina declares PET FM on workers strike

24 March 2011 18:11  [Source: ICIS news]

HOUSTON (ICIS)--Polyethylene terephthalate (PET) bottle makers in Latin America are concerned over resin availability because of the force majeure (FM) declared by DAK Americas Argentina at its Zarate plant as a result of the workers’s strike, regional sources said on Thursday.

DAK Americas Argentina declared FM on resin deliveries because of the measures taken as of Friday, 18 March, by members of the Zarate Chemical and Petrochemical Workers Union, the company said in a letter on 21 March to customers.

Those measures do not allow normal operations of DAK’s industrial plant nor the delivery of products to its customers despite DAK’s efforts to resolve the situation, the company said.

Industry sources in Argentina noted that much of industry and business has come to a halt because of the workers’ strike.

DAK said it stopped deliveries as of 22 March, since the company cannot count on resources required for production.

Once the conflict is resolved, DAK will inform customers on the end of the FM and its plan to normalise deliveries.

The DAK FM follows the Mossi & Ghisolfi (M&G) FM declared on PET on 16 March at its plant in Suape, Brazil, as a result of the long-lasting blackout of early February, that affected the majority of states in Brazil’s northeastern region.

For more on PET, visit ICIS chemical intelligence

By: Ron Coifman
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