06 March 2012 22:36 [Source: ICIS news]
PORTO ALEGRE, Brazil (ICIS)--Brazil's Chamber of Foreign Trade (Camex) reduced the toluene di-isocyanate (TDI) imports tariff from 28% to 14%, it said on Tuesday.
Camex said it reduced the tariff to avoid a lack of the product, as the only TDI plant in Brazil stopped production.
Recently, Dow Chemical said it would decide by the end of March the fate of a Brazilian toluene TDI plant that has been shut down since late last year.
The Camacari TDI facility has been closed for maintenance since October 2011, the company said. The plant has a capacity of 60,000 tonnes/year, according to ICIS plants and projects.
Dow did not elaborate on what options it was considering, and whether they include restarting the plant or closing it permanently.
Dow’s Camacari unit has been supplying about 40-45% of Brazil’s TDI requirements, with the balance coming from imports.
Additional reporting by Ron Coifman
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