Japan’s Taiyo Vinyl to shut Osaka PVC unit in late June
17 June 2011 04:10 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>Japan’s Taiyo Vinyl is planning to shut its 150,000 tonne/year polyvinyl chloride (PVC) plant in Osaka in late June for a month-long turnaround, a company source said on Friday.
The shutdown is unlikely to cause any significant impact on the Asian market because of the current weak demand, market sources said.
In the main China market, demand for PVC is weak as a result of high interest rates and tight monetary policies that are hampering buying interest. Some companies are running their downstream plants at low rates because of power restrictions in China.
Taiyo Vinyl operates a 310,000 tonne/year PVC plant at Yokkaichi and a 100,000 tonne/year PVC plant at Chiba.
The company, which is a subsidiary of Japan’s Tosoh Corp, is running all three plants at full rates, according to the source.
For more on polyvinyl chloride, visit ICIS chemical intelligenceBy: Feliana Widjaja
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