10 May 2013 11:16 [Source: ICIS news]
TAIPEI (ICIS)--South Korea’s Kumho P&B Chemicals plans to cap operating rates at its No 2 and No 3 phenol/acetone plants at 80% capacity in May because of unfavourable margins, a company source said on Friday.
The company’s No 2 phenol/acetone plant has a nameplate capacity of 130,000 tonnes/year of phenol and 80,000 tonnes/year of acetone, while its No 3 phenol/acetone plant can produce 250,000 tonnes/year of phenol and 150,000 tonnes/year of acetone.
Run rates had been capped at 75% capacity since March because of weak demand.
Output will be capped at a reduced rate if current weak market conditions continue, the source said on the sidelines of the Asia Petrochemical Industry Conference (APIC 2013), which is being held in Taipei on 9-10 May.
The South Korean producer’s No 1 phenol/acetone plant has been idle since early 2009.
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