30 November 2012 09:34 [Source: ICIS news]
LONDON (ICIS)--Spain's Novapet intends growing its speciality grade polyethylene terephthalate (PET) business by modifying one of its commodity-dominant lines in Barbastro, Spain, and reducing output at an existing, smaller speciality line at the same site, a company source said on Friday.
Once the migration is complete, Novapet's 100,000 tonne/year line will increase its speciality output while continuing to produce commodity PET. Meanwhile, operating rates at the 30,000 tonne/year speciality line will fall to around 40%.
"By accomplishing this migration, Novapet consolidates its long established specialisation strategy and rationalises its production schemes in view of an expected tougher commodity market in 2013," the source said.
The final arrangements are still under discussion, but the programme is due to be complete by February or March next year, according to the source.
Novapet also has a third unit in Barbastro that has capacity to produce 130,000 tonnes/year of commodity PET. This line underwent two months of maintenance that ended in the week starting 19 November.
($1 = €0.77)
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