08 March 2013 06:48 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Finolex Industries Ltd. (FIL) plans to restart operations at its 130,000 tonne/year VCM-based PVC plant by the end of next week after shutting it in early March, a source close to the company said on Friday.
The unit located in Ratnagiri, Maharashtra was shut on 4 March following a shortage of VCM supply, which led the producers to undertake turnarounds, the source added.
Indian PVC producers had to take their plants off line at many of their facilities following the shortage in the availability of vinyl chloride monomer (VCM).
VCM is one of the feedstocks used for the manufacture of PVC, the other being ethylene dichloride.
Earlier this week, Reliance’s 360,000 tonne/year PVC unit located at Hazira, Gujarat that was scheduled for a 10-12 day turnaround around 10 March advanced its shutdown to 4 March, and is currently under maintenance, market sources said.
Market sources said that Reliance was also heard to have taken off line its 240,000 tonne/year PVC facility at Dahej, Gujarat. However, company officials could not be reached for confirmation.
A third PVC producer, Chemplast Sanmar also undertook a turnaround at its 221,000 tonne/year PVC unit in Cuddalore, Tamil Nadu on 6 March and is expected to recommence operations early next week, according to a source close to the company.
The fourth PVC producer in the country, DCW Ltd is heard to have recommenced operations at its 90,000 tonne/year PVC facility in Sahupuram, Tamil Nadu earlier this week after shutting its VCM-based PVC manufacturing plant in the last week of February, market sources said.
FIL’s 130,000 tonne/year PVC facility based on EDC feedstock at Ratnagiri continues to operate normally, market sources said.
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