Taiwan's Tuntex Petchem to shut PTA unit in Apr for one month

11 April 2014 09:35 Source:ICIS News

SEOUL (ICIS)--Taiwan’s Tuntex Petrochemical plans to shut its 440,000 tonne/year purified terephthalic acid (PTA) unit located at Tainan because of weak market conditions, a source familiar with the matter said on Friday.

The company plans to take the PTA unit off line on 20 April for an estimated duration of one month, the source added.

Current operating rates at the unit stands at around 60-70% of capacity, the source added.

By Samuel Wong