The 2,80,000 MT per annum Caprolactam and 1,90,000 MT per annum ACN plants of the Taiwan based, China Petrochemical Development Corporation (CPDC) have been running on reduced operating capacities since the last few months due to the slowdown in demand from the downstream sectors for the vital raw materials.
But as demand and prices of petrochemicals move upward in the growth curve and other petrochemical plants announcing their intent to restart their stalled capacities in the next few weeks, CPDC is monitoring the situation closely and also contemplating restarting of its closed units.
Fibre2fashion spoke to the official spokesperson of CPDC who said, “Their plant of ACN and Caprolactam which was shut since last October-2008 is going to restart by end of February-2009. The company is keeping a close watch on the markets and will take appropriate decisions accordingly”.
He added by saying that, “A lift in demand and buying interest in the downstream sector was the main reason behind the decision to re-start the closed units. Currently both the plants are working at lower operational rates but in March-2009, the plants will operate at full efficiency.”
Fibre2fashion News Desk - India
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