• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

CPDC denies rumours of cutback in ACN operational rates

20 Apr '09
2 min read

Reports had emanated in the Asian petrochemical markets regarding an impeding decision of China Petrochemical Development Corporation (CPDC), intending to once again cut the operating rate of its Acrylonitrile (ACN) plant.

Located in Kaohsiung province, the operating capacity of 190,000 tons per annum plant had earlier been reduced to 50 percent in August last year, due to a slowdown in demand from its downstream manufacturers.

But on the back of an increase in demand, since, the second month of 2009, CPDC had once again ramped up ACN production capacity to higher levels, around 80-90 percent, March onwards to meet the rise in demand.

Fibre2fashion spoke to a company official of CPDC who informed us that, “CPDC was running both its ACN lines of 190,000 tons per year capacity at 50 percent operating capacity from last August to March, due to market issues”.

He continued, “Currently, all of the producers in Asia are facing the same problem of high feedstock of ACN, so although prices are rising, the company is still losing money”. But he categorically denied the news of a reduction in operating capacity by saying, “CPDC will still run both the lines at 90 percent operational rates in May”.

Fibre2fashion News Desk - India

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search