02 August 2011 08:54 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Chemicals and Fibre Corp (FCFC) has started up its new 5,000 tonne/month nylon (polyamide) chips plant at Dongnai province in Vietnam, a company source said on Tuesday.
The nylon chips plant is running at “normal rates” after its start-up last week at the end of July, the source said.
Some of the output from the nylon chip plant will be for captive use at the company’s 4,000 tonne/month textile yarn line at the same site that was started up in February this year, the source said.
The rest of the product is for export to China, said the source, as there are no antidumping duties (ADD) imposed on the product from Vietnam.
Most major Taiwan-based nylon chips producers have to pay an ADD of 4.0–4.3% when they export products to China, based on a ruling made by China’s Ministry of Commerce.
The company’s nylon chips and nylon fibre facilities in Taiwan are unaffected by the recent outages at Formosa group’s facilities in Mailiao, as they are situated in a separate location. FCFC’s nylon facilities are in Changhua, the western side of Taiwan.
The outages have also not affected the supply of caprolactam (capro) as the feedstock is sourced from imports.
FCFC’s nylon fibre units in Taiwan are running at close to 100%, said the source.
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