06 January 2012 06:54 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Kumho Petrochemical Co (KKPC) plans to shut down its 70,000 tonne/year styrene-butadiene-styrene block copolymer (SBS) plant at Yeosu in the first half of January, a company source said on Friday.
The shutdown is prompted mainly by the rapidly rising price of feedstock butadiene (BD) since 2011 and weak demand from the downstream sector, the source added.
Demand from local downstream industries, such as road construction and shoe manufacturing, is weak because of a tighter macroeconomic environment and limited exports.
The company plans to restart the plant in March, the source added.
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections