Home / Knowledge / News / Textiles / Floods devastate Taiwanese petrochemical sector
Floods devastate Taiwanese petrochemical sector
21
Sep '10
Heavy rains following the Typhoon Fanapi have ravaged the Southern region of the country, leading to closure of leading petrochemical factories in Kaohsiung County.

All petrochemical complexes in Renwu and Dashe petrochemical parks remained closed on September 19. The complexes included CPC Corp. Taiwan, USI Corp., TSRC Corp., China Petrochemical Development Corp., China Man-Made Fiber Corp. and Grand Pacific Petrochemical Corp.

This is giving anxiety about probable fluctuations in the prices of key petrochemical products like ethylene, propylene, butadiene, PE, ABS, SM, CPL, AN, EG and SBR.

According to an expert, if these companies are required to close down manufacturing activities for over a week, it would considerably affect supplies and in turn prices.

Woody Duh, Director of the Industrial Development Bureau under the Ministry of Economic Affairs, stated that, hit with electricity crisis and flooding, they don't see production volumes resuming back to normal, instantaneously.

Massive floods compelled around 100 companies in greater Kaohsiung region to remain closed on September 19, with all industrial areas in Luchu, Gangshan, Ciaotou, Renwu and Dashe districts submerged in rain waters.

The petrochemical industry alone, is believed to have suffered a loss of NT $ two billion on account of heavy floods.

According to the industry experts, there are possibilities that prices of PE, EG and other petrochemical derivatives may rise in spot markets.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 23rd Mar 2017

UK's National Living Wage to be £7.50 from April 2017

The National Living Wage in the UK for workers aged 25 and above is...

Textiles | On 23rd Mar 2017

Trutzschler launches Toyota-Truetzschler comber machine

Trutzschler, one of the world's leading textile machinery...

Jeff Bezos (L) and Amancio Ortega. Courtesy: Forbes

Apparel/Garments | On 23rd Mar 2017

Amazon founder Jeff Bezos is world's 3rd richest man

The biggest gainer and the third richest man on the Forbes' 31st...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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