15 May 2012 08:14 [Source: ICIS news]
“We may have to delay the [start-up] target schedule by two years – to the end of 2014 – because of difficulties in securing credit, inefficiencies in our production processes and poor market conditions in the upstream acetic acid market,” the official said.
The ground works, design and other basic processes for the new VAM plant are in place at the company’s
VAM is used to produce a wide variety of products including adhesives, chemical intermediates, coatings, plastics, textiles and food.
Other major VAM producers in the Asian market include US-based
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