10 May 2013 08:51 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Ishihara Sangyo Kaisha (ISK) is planning to restart its 54,000 tonne/year chloride-process titanium dioxide (TiO2) plant in Singapore in end-June, a source close to the company said on Friday.
The plant, which is located in Tuas, was shut early this week, the source said.
The shutdown is not for scheduled maintenance but for the company to adjust inventory levels as demand for the product remained slow, industry players said.
TiO2 pricing have been under pressure since the second quarter of 2012, falling by around 30% year on year, according to ICIS data.
ISK also operates a 155,000 tonne/year TiO2 plant, both sulphate and chloride-process, in Yokkaichi, Japan.
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