02 October 2011 17:20 [Source: ICIS news]
BERLIN (ICIS)--Arkema declared force majeure on polyvinyl chloride (PVC) at its plant in ?xml:namespace>
The declaration came as a consequence of the strike by workers at Lyondellbasell last Tuesday, which forced a shutdown at the company’s refinery and petrochemicals site and has prevented the distribution of PVC from Arkema’s facilities.
The force majeure was unlikely to have any major effect on the European PVC market, where demand remains poor as buyers are reluctant to build inventories because of the current economic climate and the potential risk of a double-dip recession the source said on the sidelines of the 45th annual European Petrochemical Association (EPCA) meeting in Berlin.
For more on PVC visit ICIS chemical intelligence
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