CHINAPLAS '12: China’s Kaifeng Longyu may delay POM start-up
20 April 2012 11:23 [Source: ICIS news]
SHANGHAI (ICIS)--?xml:namespace>China’s Kaifeng Longyu Chemical may push back the start-up of its new 60,000 tonne/year polyoxymethylene (POM) at Kaifeng, Henan province, because of concerns about an oversupply in the domestic market, a company source said on Friday.
The new plant was scheduled to start up in 2013, the source said on the sidelines of the four-day Chinaplas exhibition, which closes on 21 April.
"China's POM capacity has been increasing too quickly in the recent years and more plants are scheduled to start up in the next few years," he said.
"Demand has not been increasing as quickly," the source added.
POM demand in China is estimated at 200,000-300,000 tonnes/year and the existing domestic capacity is close to 400,000 tonnes/year, he said.
Kaifeng Longyu Chemical currently operates a 40,000 tonne/year POM plant at Kaifeng.By: Chow Bee Lin+65 6780 4359
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