01 March 2013 09:17 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Chang Chun Plastics is expected to start up its 80,000 tonne/year acetone-based isopropanol (IPA) facility at Panjin in China’s Liaoning province in June, industry sources said on Friday.
The start-up schedule is in line with the company’s plans to bring on line its 320,000 tonne/year phenol-acetone plant in Changshu, China, in the middle of 2012, sources said.
The new IPA plant in China is expected to dampen import demand further, Chinese players said.
A number of Chinese distributors have already given up their IPA import business in recent years as the rising local capacities have eroded their sales margins, they said.
“Most distributors have already switched to selling domestic product. The trend will continue this year,’’ a Chinese distributor said.
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