11 October 2012 08:42 [Source: ICIS news]
The overall capacity for the PET bottle chip lines, located in Zhongli, was cut by 15% on the morning of 9 October, the source added.
“The margins are very bad and it is very difficult to pass on the high raw material costs,” said the source.
PET is derived from purified terephthalic acid (PTA) and monoethylene glycol (MEG). It is used in the manufacturing of mineral water and carbonated soft drink bottles.
Other Asian PET producers include
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections