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Polychem to shut 96,000 mt/year monoethylene glycol line due to poor margins

March 14/2019

MOSCOW (MRC) -- Polychem Indonesia plans to shut its 96,000 mt/year monoethylene glycol (MEG) line at Serang in Java next week, without a confirmed restart timeline, in response to poor margins, as per Apic-online.

The company has another 145,000 mt/year MEG line at Serang that is currently running well.

We also remind that, as MRC informed before, in January 2019, Toyo Engineering Group (TOYO) was awarded a contract of acrylic acid production plant with capacity of 100,000 tons/year in Cilegon, Banten, on the western tip of Java, Indonesia from PT. NIPPON SHOKUBAI INDONESIA (NSI), Indonesian subsidiary of NIPPON SHOKUBAI CO., LTD.

PT. Polychem Indonesia Tbk engages in the chemical, polyester, and nylon businesses. The company operates through Polyester, Petrochemical, and Fishing Net Yarn segments. It offers mono ethylene glycol for polyester synthetic fiber manufacturers and polyester terephtalate resin producers; and di ethylene glycol, tri ethylene glycol, ethoxylate products, and petrochemicals. The company also provides polyester chips, partially oriented yarn, polyester staple fibers, and drawn textured yarn; nylon yarn for the production of tire cords, nets, ropes, fabrics, and reinforcing materials in fan belts and hoses; and nylon-6 chips that is used as a raw material in yarn, mono filament, and various other plastic industries. The company markets its products in Asia, the United States, Europe, the Middle East, Latin America, Canada, and Africa. PT. Polychem Indonesia Tbk was founded in 1978 and is headquartered in Jakarta, Indonesia.
Author:Margaret Volkova
Tags:acryl, PET-granulate, packaging, Nippon, Polychem, Indonesia.
Category:General News
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