APIC '13: S Korea's Kumho to cap May phenol/acetone output at 80%

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.

Author: Xin Liu

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly