22 March 2013 12:40 [Source: ICIS news]
CHONGQING, CHINA (ICIS)--South Korea’s Kumho P&B Chemicals cut operating rates at its No. 2 and No. 3 phenol/acetone plants to 75% capacity on 20 March because of unfavourable margins, a company source said on Friday.
The company’s No. 2 phenol/acetone plant has a nameplate capacity of 130,000 tonnes/year of phenol and 80,000 tonnes/year of acetone, while its No. 3 phenol/acetone plant can produce 250,000 tonnes/year of phenol and 150,000 tonnes/year of acetone.
Run rates had been capped at 85% capacity in response to weak demand, but the company decided to cut production further in view of mounting cost pressure, the source added.
The South Korean producer’s No. 1 phenol/acetone plant has been idle since early 2009.
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