Home / Knowledge / News / Textiles / Two PET lines of KP Chemical to go off-stream
Two PET lines of KP Chemical to go off-stream
21
Sep '12
South Korea based petrochemical major – KP Chemical is planning to undertake a turnaround at two of its Polyethylene Terephthalate (PET) lines in October 2012.

KP Chemical operates two PET plants in Ulsan. One plant has a single PET line while the other plant has three PET lines.

The plant with the single PET line and one more PET line from the other plant will be shutdown for a maintenance turnaround in October 2012, a company official informed fibre2fashion.

The production capacity of the first line is 200 tons per day and that of the second line is 370 per days, while the combined PET capacity of both the plants is 450,000 ton per annum.

He added that due to the shutdown of two PET lines, the production capacity of both the PET plants will reduce by 15,000 tons per month.

Informing about the current PET price trends, he said, “Crude oil prices had slightly decreased, due which the company tried to maximize its offer price last week to US$ 1500 (FOB Korea).

He added, “But this week, resistance from the buyers is strong, hence the market speculators have also kept a stance of wait and watch and are trying to be quiet flexible enough to offer in the range of US$ 1475/ton to US$ 1485/ton.” 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 24th Mar 2017

Tiruppur garment cluster hopeful of meeting export target

The Tirupur garment cluster is hopeful of meeting its target of...

Apparel/Garments | On 24th Mar 2017

HKTDC hosts seminar on accessing retail market in India

The Hong Kong Trade Development Council (HKTDC) organised a seminar...

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search