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In Ukraine PVC production grew in the third quarter

October 06/2011

MOSCOW (MRC) -- Ukrainian producer Karpatneftechem is increasing suspension PVC production. In the third quarter, overall production of PVC-S made 43.5 KT, as per MRC DataScope. Ukrainian Karpatneftechem (Lukoil Group) keeps on increasing suspension PVC output. In September overall output of the resin made 15.4 KT. Over the last three months, the enterprise produced 43.5 KT of suspension PVC. Over incomplete five operating months, overall output exceeded 53.6 KT. In October a further growth of PVC production in Ukraine is expected. By the end of the year Karpatneftechem is targeting at project capacity of 300 KTa.

Exports is growing along with production. Over the last two months, exports of the Ukrainian PVC exceeded 10 KT. Poor external markets and transport problems, particularly, during supplies to Russia, restrain export sales. Nevertheless, the company management plans to increase exports to 150 KT (to Russia), 20 KT (to the Eastern Europe) and 30 KT (to Turkey).

Investments to Karpatneftechem PVC plant made $234 mln. The enterprise also plans to start production of goods out of PVC-S. Lukoil has already invested more than $500 mln in Karpatneftechem. The president of the company Vagit Alekperov announced to invest yet $500 mln in development of operating enterprises and creation of production of PVC finished goods.

Tags:PVC, PVC-S.
Category:General News
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