14 December 2011 06:57 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand’s Advance Polymers & Chemicals plans to maintain the operating rate at its 26,000 tonne/year emulsion resin plant at 50% capacity "indefinitely" because of weak demand, a company source said on Wednesday.
As a result of its low run rate, Advance Polymers has ceased purchasing butyl acrylate (butyl-A) and 2-ethylhexyl acrylate (2-EHA) cargoes from the spot market since November this year.
“The widespread flooding in Thailand has taken a huge toll on our sales volumes and we are having a lot of difficulty moving our end-products,” said the source.
The plant is located at Korat province, northeast of Bangkok, and is not affected by the flood waters, according to the source.
However, its key customers are trying to clear floodwaters away from their factories.
Local media reported that the operations at factories in Thailand have restarted, while clean-up operations at others are underway as the flood waters have subsided. However, it may take months for many firms to resume production.
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