20 February 2013 06:36 [Source: ICIS news]
SINGAPORE (ICIS)—South Korea’s KPX Chemical is running all three of its toluene di-isocyante (TDI) facilities in Yeosu at full capacity after restarting two units on 17 February, a source close to the company said on Wednesday.
The company was running a single TDI unit since early 2012, while keeping its two other TDI units idle because of weak profit margins and oversupply conditions in Asia. It is not certain if the two units will be shut again in the near future, the source added.
Other market sources said that KPX Chemical’s TDI unit has been facing a tougher operating environment compared to its rivals partly because it has higher overhead costs and thus needs to overcome a higher breakeven level. However, company officials have declined further comments on the matter.
Each of KPX Chemical’s three TDI units has an annual capacity of 50,000 tonnes/year.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections