APIC ’13: Taiwan’s Far Eastern Group runs PET units at 100%

10 May 2013 04:53  [Source: ICIS news]

TAIPEI (ICIS)--Taiwan’s Far Eastern Group is currently running its two polyethylene terephthalate (PET) bottle chip units at full capacity, a company source said on Friday.

The two PET bottle chip plants are in Guanyin of Taoyuan county and Xinpu of Hsinchu county, respectively, with a combined capacity of 650,000 tonnes/year.

The source was speaking at the sidelines of the Asia Petrochemical Industry Conference (APIC) being held in Taipei on 9-10 May.

“The units are running [at] full [capacity] at the moment and demand is relatively brisk amid the traditional peak demand season,” the source said.

The peak demand season in the PET bottle grade chips market starts from March to August or September each year.

Other Asian PET producers include China’s Jiangsu Sanfangxiang, South Korea’s KP Chemical and Thailand-based Indorama Ventures.

By: Yu Guo
+65 6780 4359

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