France’s Cray Valley runs Malaysia’s coating resins plant at 70%

12 January 2012 09:03  [Source: ICIS news]

SINGAPORE (ICIS)--France-headquartered Cray Valley is operating its 18,000 tonne/year coating resins plant in Malaysia at 70% of capacity in January due to weak demand, a company source said on Thursday.

The company was running its coating resins plant in Pasir Gudang at 80% of capacity in December last.

“As a result of our reduced operating rates, we are not in the market to buy spot maleic anhydride (MA) or phthalic anhydride (PA) this month,” said the source.

Coating resins, the downstream product for PA and MA, is used heavily in the construction and real estate sectors.

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By: Quintella Koh
+65 6780 4372

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