MOSCOW (Market Report) -- Bashkir Soda Company shut down its polyvinyl chloride (PVC) production for a scheduled turnaround last weekend, according to the ICIS-MRC's Price report.
The plant's representative said Bashkir Soda Company had taken off-stream its PVC production capacities for the scheduled maintenance by 15 July, 2019. The outage will be short and will last for two weeks. The plant's annual production capacity is 240,000 tonnes.
It is also worth noting that this is the second shutdown for maintenance at Russian PVC plants in July. SayanskKhimPlast shut its production, which annual capacity is 350,000 tonnes, for a 30-day turnaround last week.
As reported earlier, Bashkir Soda Company (part of "Bashkir Chemistry" group) received Rb11.5 billion of net profit under RAS in 2018, up by 6.6% year on year. The company's revenue increased by 11.9% to Rb44.5 billion, product cost - by 11.5% to Rb27.3 billion.
Bashkir Soda Company is Russia's largest producer of soda ash and baking soda and a major polyvinyl chloride (PVC) producer. It also ships production to glass industry enterprises. The main shareholders of the company are "Bashkir Chemistry" (57.18%) and the state investment company of Bashkiria "Regional Fund" (38.28%).
MRC