19 November 2013 17:01 [Source: ICIS news]
HOUSTON (ICIS)--NOVA Chemicals announced this week it will be restarting an expandable polystyrene (EPS) line at its Monaca, Pennsylvania, plant which had been idled since 2010, sources said on Tuesday.
The line - one of three at the plant - had been idled during a period of reduced demand for EPS resin in North America. However, recent tightness in the market, as well as stronger than normal demand, has convinced the company to increase production and restart the line, the company said in a letter to customers.
For now, the restarted line will not be running at its full 100m lbs/year capacity, but will be started and stopped as warranted by increased demand, a company official said.
The intention is to give customers the assurance that if they grow, there will be capacity to meet their new demand, the company official said.
One buyer said it was pleased with the news, saying that it has been nearly impossible to get any extra material in recent months.
"They have been sold out since summer," the buyer said, referring to domestic producers. "If you didn't pre-order it, you had very little chance of adding a truckload. I think this will help."
Before the restart of the line, NOVA Chemicals had a capacity of around 81,500 tonnes/year at its Monaca, Pennsylvania, site and about 45,000 tonnes/year at its Painesville, Ohio site, according to ICIS Plants and Projects.
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