05 September 2012 18:00 [Source: ICIS news]
LONDON (ICIS) -- AAK announced on Wednesday that it has declared force majeure on supplies at its fatty acid plant at Karlshamn in Sweden.
In a statement released today, the company announced that part of its 70,000 mt/year plant had been shut down on 1 September, following an unforeseen breakdown.
A source at the company predicted that the plant will run at around 40% capacity during the coming 2-3 weeks.
Although participants report it is too soon to notice any visible impacts on supply in Europe as a result of the force majeure, they expect the reduced supply to tighten conditions further in the market.
The site’s crusher and vegetable oil refining capacities have not been affected.
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