09 February 2012 06:35 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Hongxin Chemicals plans to complete expansion works and start up a 60,000 tonne/year line at its phthalic anhydride (PA) facility in Shandong in the middle of this year, a company source said on Thursday.
The plant consists of a 20,000 tonne/year line and two lines with a capacity of 50,000 tonnes/year each.
The company owns a second plant in Dongguan that can produce 50,000 tonnes/year of PA.
Shandong Hongxin is maintaining its total PA run rates at above 90% of capacity this month, the source added.
Last November, the company slashed its total PA run rates to 40% of capacity because of poor production margins and weak demand. It later ramped up its PA operating rates after the Lunar New Year in January as a result of a pick-up in demand.
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|