01 October 2013 07:54 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s OCI plans to shut its 50,000 tonne/year toluene di-isocynate (TDI) plant in Gunsan for 12 days of maintenance from 21 October, a company source said on Tuesday.
The turnaround will be done during the “slow season” and will not affect the company’s activities in the market, the source said.
The company will also have enough inventory to supply its customers through to December this year, the source added.
The company has been controlling the number of deals for October in order to maintain products inventory, the source said.
OCI’s TDI plant shutdown will have little impact on TDI supply in the Asian market, according to market participants.
OCI Chemical exports largely to regions such as southeast Asia and Middle East, but plans to increase its market coverage in Latin America.
TDI is a raw material to produce flexible polyurethane (PU) foams used in various applications, such as furniture, bedding and mattresses.
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