India’s Somaiya runs Maharashtra etac units at full capacity

16 May 2012 10:58  [Source: ICIS news]

MELBOURNE (ICIS)--India’s Somaiya Group is currently running its ethyl acetate (etac) plants at full capacity, after restarting the units on 9 May, a company source said on Wednesday.  

Somaiya operates two etac plants in Maharashtra  a 30,000 tonne/year unit at Mahad and an 80,000 tonne/year plant at Sakarwadi.

The company shut the plants on 27 April, in response to a delay in its feedstock acetic acid shipments.  

Domestic etac prices in India are at Indian rupees (Rs) 56-58/kg (Rs56,000-58,000/tonne, $1,041-1,078/tonne) EXW (ex-works) this month, compared with Rs52-53/kg EXW in April, in line with the gains in acetic acid costs, as well as tight availability, the source said.

Other Indian etac manufacturers include Jubilant Life Sciences and Laxmi Organic Industries.

($1 = Rs53.80)

By: Trisha Huang

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