China Resources restarts PET bottle chip lines

24 December 2012 08:48  [Source: ICIS news]

SINGAPORE (ICIS)--China Resources last week restarted both of its polyethylene terephthalate (PET) bottle chip lines with a total capacity of 400,000 tonnes/year at Changzhou in Jiangsu, a company source said on Monday.

The two lines, which were shut in August because of squeezed margins, is expected to run at full capacity, the source said.

“We think the market will become better in the first quarter of 2013, so we decide to restart the lines,” the source added.

The company has two other lines at Changzhou, with a combined capacity of 600,000 tonnes/year, that are running at 80% of capacity, according to the source.

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By: Sunny Chen

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