09 August 2012 17:43 [Source: ICIS news]
LONDON (ICIS)--Thailand-based Indorama Ventures has delayed a maintenance shutdown at its Polish polyethylene terephthalate (PET) plant in Wloclawek from September/October 2012 until the second quarter of 2013 for market reasons, a company source said on Thursday.
"Both the Poland and Lithuania plant shutdowns are delayed to quarter two next year. We want to make sure the market survives," said the source.
Months of very poor demand and low stocks were interrupted by a sudden rush for PET in July. A lack of imports has meant that European customers are relying on domestic material, which is now relatively tight, sources said.
"We want to make sure European PET producers can supply the market," the source added.
The 140,000 tonne/year PET plant in Wloclawek and the 198,000 tonne/year plant in Klaipeda, Lithuania, were both originally due to stop for turnarounds in September/October.
Indorama's 200,000 tonne/year expansion at its Rotterdam site in the Netherlands, where PET capacity will total 390,000 tonnes/year, is in the process of starting up.
"We are looking at having product for sale from the new expansion in October," said the source.
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