Taiwan’s Formosa Plastics to shut PP line on feedstock shortage

26 May 2011 03:50  [Source: ICIS news]

SHANGHAI (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) is planning to shut its 170,000 tonne/year polypropylene (PP) line at Ningbo in China’s Zhejiang province in early June because of a feedstock shortage, a company source said on Thursday.

“We have been experiencing [a shortage] of feedstock propylene since early May,” the source said, adding that FPC shut its 280,000 tonne/year PP line at Ningbo on 12 May because of a shortage of raw material.

The restart dates of the two lines are unconfirmed, the source said.

FPC has two PP lines with a total capacity of 450,000 tonnes/year, according to data from Chemease, an ICIS service.

Additional reporting by Amanda Zhang

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By: Amy Yu

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