04 June 2012 10:36 [Source: ICIS news]
“The inventories are up to 30 days and it is too high, so we have to shut down to reduce our inventories,” the company source said.
The main product of the line is pre-oriented yarn (POY) whose prices have been soft for the past several months incurring losses to the company, the source said but did not give any other details.
The company has to shut down the plant also because of the restrictions on electricity by the government during high demand summer season, the source added.
The plant is operating at full capacity and the company plans to run it 100% after completing maintenance turnaround, the company source said.
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