London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950

Our Clients

Order Informer

Home > News >

Serbian HIP declares force majeure

February 16/2012

(process-worldwid) -- Frost damages due to the extreme temperatures in Southern Europe have caused a loss of production for Serbian petrochemical company HIP Petrohemija. Now the firm announced a downtime at its Pancevo PE facility, due to force majeure.

A special meeting of HIP's Executive Board had previously decided to operate on technological minimum in all the plants of the company in Pancevo. Effects on the European commodity markets due to this polymer production loss are currently only regional.

A further problem for the industry in the Republic of Serbia is that the Danube, its main inland waterway, is frozen over and sipping traffic has stopped. With inland ports and terminals frozen, loading or unloading of vessels is currently not possible, HIP explained.

By the end of last week, HIP's production in its LDPE and Petroplast plants had been shut down due to electric power supply restrictions. Safety of production processes and of the employees wopuld not be affected by these measures, HIP speakers explained.

Author:Anna Larionova
Tags:PE, LDPE.
Category:General News
| More

Leave a comment

MRC help


 All News   News subscribe