22 July 2011 21:30 [Source: ICIS news]
HOUSTON (ICIS)--Venezuelan state-run polyvinyl chloride (PVC) producer Pequiven is rationing resin shipments to private industry to about 80% of normal requirements, since some product is targeted for the construction of petro-houses, sources said on Friday.
Sources said that the current production rate of the government-subsidised, low-cost houses is lower than planned but is expected to ramp up in September.
The low-cost, so-called petro-houses use PVC for wall panels, doors, window and door frames and extensive shelving, according to plans developed by the government of Venezuela.
Pequiven intends to import 6,000-7,000 tonnes of PVC at international prices to supply the private sector’s resin requirements once the company dedicates all its resin production to the construction of petro-houses.
The status of Pequiven’s negotiations to purchase PVC remains elusive.
($1 = €0.70)
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