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Formosa schedules its polypropylene facility closure

January 11/2012

(chemmonitor) -- Formosa Plastics Corporation (Taiwan) schedules its polypropylene (PP) facility closure later in Jan 2012 due to weak PP demand. The facility is located in Ningbo, Zhejiang province, China and has the annual production capacity of 450,000 tonnes.

Downstream demand is projected to fall down with the upcoming Lunar New Year holidays in Jan 22 Jan 28  in China.

Formosa Plastics Corporations 170,000 ton/year line at the facility is to be closed from Jan 19 to Jan 31.

Tags:PVC, PP, PET, PE, Formosa.
Category:General News
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