Corrected: China’s Sanfangxiang Group shuts PET bottle chip unit for 20 days

06 August 2012 09:28  [Source: ICIS news]

Correction: In the ICIS news story headlined “China’s Sanfangxiang Group shuts PET bottle chip unit for 20 days” dated 6 August 2012, please read in third paragraph … Sanfangxiang Group has 7 PET bottle lines…instead of … Sanfangxiang Group has 12 PET bottle lines …. A corrected story follows.

SINGAPORE (ICIS)--China’s Sanfangxiang Group shut its 200,000 tonne/year polyethylene terephthalate (PET) bottle chip line at Jiangyin in Zhejiang on 5 August for maintenance, a company source said on Monday.

The plant will remain off line for 20 days but the shutdown may be extended if the PET bottle chip market remains weak, the source added.

Sanfangxiang Group has 7 PET bottle lines with a total capacity of 1.2m tonnes/year, and was maintaining an operating rate of about 70% these days, according to Chemease data, an ICIS service in China.

The company had taken off line a 200,000 tonne/year PET bottle chip unit in June and had not decided on its restart time yet, according to the source.

By: Sunny Chen

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