Romania's Oltchim aims for PVC panels, frames restart in May

12 April 2013 16:08  [Source: ICIS news]

LONDON (ICIS)--Romanian chemical producer Oltchim aims to restart its unit making polyvinyl chloride (PVC) for panels, doors and window frames on 1 May, the company said on Friday.

The crisis-hit company - declared insolvent in late January following the collapse of an attempt at privatising it the previous October - is operating several plants at substantially restricted rates, while several of its other installations are idle.

In an update on its current production rates, Oltchim, which the Romanian government intends to restructure with substantial workforce cuts in advance of another stab at privatisation, said its PVC I and PVC II units remained shutdown for an undetermined period.

Also shut down indefinitely were the ethylene cracker, polyethylene (PE), mercury electrolysis, vinyl chloride monomer (VCM), solid caustic soda, oxo-alcohols, ethylene oxide and glycols and phthalic anhydride-dioctyl phthalate (PA-DOP) units.

By: Will Conroy
+44 20 8652 3214

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