Singapore chemicals cluster output falls by 1.2% on plant shutdowns

26 September 2011 10:48  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore’s manufacturing output from its chemicals cluster has dropped by 1.2% year on year in August this year, largely because of multiple maintenance shutdowns in the petrochemicals and other chemicals segments, the country’s Economic Development Board (EDB) said on Monday.

Within the cluster, the country’s output from the specialties segment rose by 22.5% year on year in line with new production capacities that came on stream earlier this year, the EDB said in its monthly report.

Meanwhile, the other chemicals and petrochemicals segments fell by 8.7% and 26.1% respectively during the same period.

The petroleum segment grew by 8.9% in August compared with a year ago, when throughput was affected by maintenance shutdowns, the report said.

Overall, the output from the chemicals cluster grew by 7.3% year on year in the January-August period this year, the report added.

Singapore’s overall factory output rose by 21.7% in August from a year ago, boosted by pharmaceutical production, the EDB said.

On a month-on-month basis, Singapore’s manufacturing output rose by 3.9% in August from July, following the 0.4% growth from June to July, the EDB added.

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By: Nurluqman Suratman

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