India’s Supreme Petrochem to shut Ratnagiri PS unit at end of July

05 July 2012 12:47  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Supreme Petrochem Ltd (SPL) plans to shut its polystyrene (PS) plant at Ratnagiri in Maharashtra state at the end of July for 20-25 days to undergo revamping and modification, a company source said on Thursday.

The company is running the PS unit, which has a total nameplate capacity of 272,000 tonnes/year, at 50-60% of capacity, the source said.

The shutdown is not expected to have a large impact on the export market as the current demand for exports is weak. The company is building inventories to meet domestic Indian demand and is holding talks with other suppliers to cover contract agreements of the product, the source added.

By: Samuel Wong

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly