17 June 2013 03:16 [Source: ICIS news]
SINGAPORE (ICIS)--China’s TSRC-UBE (Nantong) Chemical Industrial has been operating its 72,000 tonne/year butadiene rubber (BR) plant in Nantong, Jiangsu province, at 80% capacity, following its restart on 13 June, a company source said on Friday.
The BR plant was initially scheduled to restart on 9 June after it was shut down on 1 May, the source added.
“But the BR market is so weak, so we delayed the restart date,” the source said.
The late restart of the BR plant had minimal impact on the market, because of the already weak market fundamentals, according to industry sources.
TSRC-UBE is a major BR producer in Jiangsu province. It is a joint venture between Taiwan Synthetic Rubber Corp (TSRC), which owns a 55% stake, and Japanese firms Ube Industries and Marubeni with 25% and 20% interest respectively.
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