MOSCOW (MRC) -- Equipolymers is in plans to shut a polyethylene terephthalate (PET) line owing to technical issues, reported Apic-online.
A Polymerupdate source in Germany informed that the plant is likely to be shut in mid-February 2014. It is planned to remain off-stream for around 10 days.
Located in Schkopau, Germany, the line has a production capacity of 175,000 mt/year.
As MRC wrote previously, a Turkish petrochemicals group, Polisan Holding restarted the former PET polymer plant of Spanish group La Seda de Barcelona in Volos, Greece, in late December 2013.
The 80,000 tpa Artenius Hellas facility, which was mothballed by the insolvent Barcelona-based group last year, was bought in September by Polisan of Ankara for EUR8.6 mln. The Greek plant, which employed almost 100, has been renamed Polisan Hellas.
MRC
MOSCOW (MRC) -- Kem One, Europe’s third-largest producer of polyvinyl chloride (PVC) has announced an increase in February prices of suspension PVC (SPVC) grades and mass PVC (MPVC) grades, given the weakness of the market for caustic soda and margin erosion, reported the company in its press release.
The increase for the products stated above was EUR25/tonne. In January 2014, Kem One already raised PVC prices by EUR50/tonne.
As MRC informed previously, in late December 2013, the Lyon commercial court designated the new owner of the company Kem One SAS, and put to an end the insolvency proceedings opened on 27 March, 2013.
The commitment of all stakeholders involved, under the aegis of the public authorities, has enabled the takeover of the company and the continuation of its business as part of a takeover bid validated by the commercial court and with the full support of the French government.
Kem One, a fully integrated vinyl production company, was established mid-2012 following the acquisition of Arkema's vinyl products division by the Klesch Group. The company employs 2,600 people at 22 manufacturing sites, primarily in Europe but also in Asia and North America. Europe’s third-largest producer of PVC with revenues in excess of one billion euros, KEM ONE continues to grow and build on its numerous strengths with a view to becoming market leader for integrated vinyl solutions.
MRC
MOSCOW (MRC) -- Ineos ChlorVinyls has announced a price increase for suspension polyvinyl chloride (SPVC) effective from 1 February 2014, reported the Switzerland-based producer on its site.
Prices of pipe grade suspension PVC delivered in bulk in Europe were raised to EUR1,195/tonne, while prices of pipe grade SPVC delivered in bulk in UK/Ireland rose to GBP1,065/tonne.
As MRC informed previously, Ineos already increased its SPVC prices in December, 2013, as follows: prices of pipe grade SPVC delivered in bulk in Europe was at EUR1,145/tonne; for pipe grade SPVC delivered in bulk in UK/Ireland - GBR1,025/tonne.
Last year, Ineos and Solvay agreed to merge their chlorvinyls activities into a EUR 4.3 billion (USD5.6 billion) 50-50 joint venture. The combination would form a polyvinyl chloride (PVC) producer that will rank among the top three worldwide. The combined business would have around 5650 employees across nine countries and would pool each company's assets across the entire chlorvinyls chain. This includes PVC, which is the third most-used plastic in the world, caustic soda and chlorine derivatives.
Ineos ChlorVinyls is one of the major chlor-alkali producers in Europe, a global leader in chlorine derivatives and Europe's largest PVC manufacturer.
MRC