19 September 2013 05:02 [Source: ICIS news]
SINGAPORE (ICIS)--Thai Polyacetal Co (TPAC) has started commercial production at its polyacetal (POM) plant in Map Ta Phut in August after its capacity was raised to 100,000 tonne/year from 55,000 tonne/year, a company source said on Thursdsay.
The debottlenecked plant was supposed to start in the second quarter of 2013 but there were some technicalities that caused the delay for its start up to last month.
The operating rate of the plant was still low, a source close to the company said.
Market sources said production rates could be low because of the current poor demand for the material. POM is primarily used for automotive, electric and electronic applications.
TPAC’s Japanese parent company Mitsubishi Gas Chemical (MGC) first announced plans to expand the existing 55,000 tonne/year POM facility in June 2011 because of the future expected 5-6% growth rate of the chemical.
TPAC is a joint venture between MGC and Thailand’s Formaldehyde maker, TOA Dovechem Industries, holding a 70% and 30% stake respectively.
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