19 October 2012 16:57 [Source: ICIS news]
Correction: In the ICIS story headlined "Styron to shut down Terneuzen ABS train on technical issues" dated 19 October 2012, please read in the first paragraph ...200,000 tonne/year... instead of ... 35,000 tonne/year.... A corrected story follows.
LONDON (ICIS)--Styrenics producer Styron will shut down its 200,000 tonne/year acrylonitrile-butadiene-styrene (ABS) train in Terneuzen, the Netherlands, in a week’s time, because of technical issues, a company source said on Friday.
The reason for the unexpected outage was also attributed to the necessity to carry out maintenance on the train, the source added.
Styron is currently assessing its stock levels of ABS to determine what impact the outage will have on the European market.
“We hope [the outage] does not have a high impact on our customers.” the source said.
The duration of the outage is currently unknown.
ABS demand is subdued but stable because of ongoing weak macroeconomic conditions, and there is sufficient product in the market to meet customer requirements at present.
Additional material is currently available from Asia, particularly Taiwan and South Korea. South Korea and the EU have a Free Trade Agreement, in place since 1 July 2011, which significantly reduced import tax on Korean materials, making Europe an attractive market for exports.
($1 = €0.77)
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