China’s TSRC-Ube (Nantong) to shut BR plant in November
12 October 2012 03:41 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>China’s TSRC-UBE (Nantong) Chemical Industrial plans to shut down its 72,000 tonne/year butadiene rubber (BR) plant in Jiangsu province in November for a month of maintenance, a company source said on Friday.
“Demand is weak and this is the fourth time we will shut this year because of the poor market conditions,” the source said.
The plant was taken off line in February, May and July this year – each time for about a month – because of prevailing poor market conditions and weak demand for BR.
BR is used in the production of tyres for the automotive industry.
China’s economy has been slowing down and auto sales have declined, hitting BR demand.
TSRC-UBE (Nantong) is 55%-owned by Taiwan Synthetic Rubber Corp (TSRC), with Japan’s Ube Industries and Marubeni owning 25% and 20% of the company, respectively.By: Helen Yan+65 6780 4359
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