China’s Jiangsu Hengli PET bottle chip plant shut on poor margins

17 February 2012 10:12  [Source: ICIS news]

SINGAPORE (ICIS)--Jiangsu Hengli Chemical Fibre’s 400,000 tonne/year polyethylene terephthalate (PET) bottle chip unit at Wujiang, China, is currently shut, with no immediate plans to resume production because of a margin squeeze, a company source said on Friday.

“The PET bottle chip lines were shut earlier this month and the polyester facility at the same site is currently producing PET fibre chips,” the source said.

“We will monitor the market and make a decision [when to restart the plant] in the second half of the year,” the source said.

Jiangsu Hengli has a fibre chip capacity of 450,000 tonne/year at the same site.

Other major Chinese PET producers include Jiangsu Sanfangxiang and China Resources.

By: Yu Guo
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly