Thailand’s Advance Polymers keeps emulsion plant run rates at 50%

18 January 2012 06:14  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s Advance Polymers & Chemicals plans to maintain operating rates at its 26,000 tonne/year emulsion resin plant at 50% of capacity indefinitely due to poor demand, a company source said on Wednesday.

“Many of our customers in Thailand are still repairing their factory equipment damaged by the flood waters, so our order volumes have been very low,” added the source.

The plant is located at Korat province, northeast of the Thailand’s capital Bangkok, and is not affected by the flood waters, according to the source.

As a result of its low run rates, Advance Polymers & Chemicals has not been purchasing butyl acrylate (BA) in the spot market since end-November last year.

The source said that the company has no spot BA requirement in January as well.

Late in July last year, Thailand was hit by monsoon rains that affected the entire country.

A total of 930 factories across Thailand have been damaged, according to data from the Ministry of Industry.

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By: Quintella Koh
+65 6780 4372

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