15 March 2013 03:49 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Showa Denko is planning to shut its 175,000 tonne/year vinyl acetate monomer (VAM) plant at Oita in June for a month-long routine maintenance, a company official said on Friday.
The plant will be shut from 3 June to 3 July, the official said, adding that there will be minimal impact on the VAM market.
The official added that the plant is currently operating but declined to reveal exact rates.
Looking ahead, the company hopes to raise its operating rates as well as its export volumes in 2013 as the depreciation of the Japanese yen versus the US dollar made it attractive to export.
“Japan’s overall VAM plant operating rates fell by 10% in 2012 compared to 2011, so hopefully we can raise our rates in 2013 and increase exports,” the official added.
Other major VAM producers in the Asian market include Celanese, Sichuan Vinylon Works, Japan VAM & Poval, Asia Acetyls Co (Asacco) and Saudi Arabia’s International Vinyl Acetate Co (IVC).
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