Taiwan’s FCFC to idle Loong-der PTA No 2 unit on poor margins

13 June 2012 06:26  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Chemical and Fibres Corp (FCFC) will shut its 400,000 tonne/year No 2 purified terephthalic acid (PTA) facility at Loong-der for a month from 15 June because of poor margins, a source close to the company said on Wednesday.

“Margins are bad, we have to shut the unit,” the source said.

Asian PTA producers have largely been incurring losses since end-October 2011 because of soaring costs of feedstock paraxylene (PX), according to ICIS data.

Operating rates at all three of FCFC’s paraxylene (PX) at Mailiao were running well and there were no immediate plans to bring the facility down for maintenance, the source close to the company said.

FCFC plans a 45-day turnaround at its 580,000 tonne/year No 2 PX unit in the fourth quarter of the year. The exact shutdown dates were not yet firmed up, the source said.

The company operates two other PX units at Mailiao that have a combined nameplate capacity of 1.14m tonnes/year.

By: Bohan Loh
+65 6780 4359

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