30 August 2013 10:28 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s UPC Technology has reduced the operating rates at its phthalic anhydride (PA) line in Zhuhai to 70% of capacity amid weak demand and poor margins, a company source said on Friday.
Initially, the line was running at above 80%.
However, the company reduced the operating rates on poor PA demand and weak margins because feedstock orthoxylene (OX) costs were rising, the source added.
“As of now, we have no near-term plans to increase production at our plant,” the source said.
Currently the company’s PA plant in Kaohsiung is running at 80-90% of capacity.
Both Zhuhai and Kaohsiung lines have a nameplate capacity of 45,000 tonnes/year.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections