Spain's Novapet back up to full PET capacity at Barbastro

11 May 2012 12:47  [Source: ICIS news]

LONDON (ICIS)--Spain's Novapet is now operating all its polyethylene terephthalate (PET) plants in Barbastro, Spain, at full capacity following a seven-week outage at its 30,000 tonne/year specialty grade line, a company source said on Friday.

"All our plants are producing at 100% capacity, including plant number 1, which restarted after a maintenance shutdown on 5 May and which produced regular commercial grade from 9 May," the source said, speaking in Spanish.

Novapet announced a series of maintenance shutdowns for the rest of 2012 in early May.

In Europe, there are production sites that are operating normally and others that have reduced output, sources said. Material remains plentiful, although imports are still lacking.

Demand has been poor, despite this time of year traditionally commanding the highest sales. There are some signs of improvement, but buyers and sellers remain cautious.

($1 = €0.77)

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