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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections