The company first declared force majeure on deliveries from its Berre, France, plant on Monday, following a disruption to its upstream vinyl chloride monomer (VCM) supply. Another declaration covering its French sites at Balan, St Fons and St Auban followed on Wednesday.
The problem began with ⌠unforeseen events connected to VCM production that forced reduced capacity in downstream PVC. Because the VCM market in Europe is currently tight, with little product available on the merchant market, it would be difficult for the company to quickly secure VCM supplies from an outside source.
Russian polymers market prospects will be discussed at Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more information please refer to http://www.polmersummit.ru/ Summit official web page.