31 March 2011 13:12 [Source: ICIS news]
VALENCIA, Spain (ICIS)--Artenius’s declaration of force majeure (FM) on polyethylene terephthalate (PET) supplies in Europe will remain in place until at least 4 April, a company source said on Thursday.
“We had planned for the force majeure to continue through the whole month of March, and on [28 March] we will decide whether or not to extend it further,” the source said, speaking in Spanish.
The FM continued to be at 80% at Artenius’s units in Prat de Llobregat, Spain; Volos, Greece; and Adana, Turkey. The San Giorgio plant in Italy was at 75%.
“Customers have not been able to stock up enough for the [peak] summer season,” a second producer said. It added that had “zero stocks”.
Poland’s PKN Orlen was also in the process of starting up its new 600,000 tonne/year PTA plant in Wloclawek.
Artenius is owned by La Seda de Barcelona. It has 80,000 tonnes/year of PET capacity in Volos; 200,000 tonnes/year in San Giorgio di Nogaro; 140,000 tonnes/year in Adana; and 170,000 tonnes/year in El Prat de Llobregat.
($1 = €0.71)
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