Indorama Ventures to lift force majeure on PET, says source

19 September 2013 11:55  [Source: ICIS news]

LONDON (ICIS)--Indorama Ventures' polyethylene terephthalate (PET) plant in Rotterdam, the Netherlands, is back online following an unplanned outage in August, a company source said on Thursday.

"We got our PTA [purified terephthalic acid] back on line in Rotterdam after a mechanical breakdown...and will lift the force majeure on PET," the source said.

The mechanical failure at the 350,000 tonne/year upstream PTA site forced the company to shut down its downstream PET units in Rotterdam on 24-25 August.

Consequently, Thailand-headquartered Indorama was on sales allocation out of its 390,000 tonne/year Dutch PET plant. Material from this plant was replaced with PET from Indorama's sites in Lithuania and Poland to meet commitments.

As a result of the shutdowns, the company withdraw from the PTA and PET spot markets in September.

($1 = €0.74) 

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By: Janos Gal
+44 208 652 3214



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