28 March 2013 02:01 [Source: ICIS news]
MELBOURNE (ICIS)--China’s Rizhao Jiahong Biological Technology plans to cap the operating rate at its 100,000 tonne/year ethyl acetate (etac) plant at Rizhao in Shandong province at 60% capacity in the near term, a company source said on Thursday.
The producer’s decision to continue running its plant at a reduced rate was prompted by weaker-than-expected domestic as well as export demand for the solvent, which is used in the manufacturing of ink, paint and adhesives, the source said.
Rizhao Jiahong has been operating its etac plant at 50-60% capacity since business activity resumed on 16 February after the Lunar New Year holiday, the source added.
The Lunar New Year holiday in China fell on 9-15 February in 2013.
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