26 April 2013 07:58 [Source: ICIS news]
SINGAPORE (ICIS)--China’s TSRC-UBE (Nantong) Chemical Industrial plans to shut down its 72,000 tonne/year butadiene rubber (BR) plant in Nantong, Jiangsu province, on 1 May, a company source said on Friday.
“We plan to shut down the plant for more than one month, because of eroded margins and weak market conditions," the source said. The plant will be brought back on line on 9 June, the source added.
TSRC-UBE (Nantong),which is a major BR producer in Jiangsu province, is a joint venture between Taiwan Synthetic Rubber Corp (TSRC), which owns a 55% stake and Japanese firms Ube Industries (25%) and Marubeni (20%).
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