MOSCOW (MRC) -- Shin-Etsu has declared force majeure (FM) on shipments of all polyvinyl chloride (PVC) grades from its plant in Pernis, the Netherlands, according to NCT with reference to a letter sent to the company's customers.
Thus, FM was declared on PVC supplies from this plant with the capacity of 450,000 mtyear on 6 May, 2021, following a critical and unforeseen leakage at the upstream vinyl chloride monomer (VCM) production plant in the Netherlands.
According to the letter, the company’s stock levels both for VCM and PVC were already at low levels following the turnarounds at these plants. Stocks were further reduced to critically low levels after some further delays in the start-up due to other unforeseen technical issues.
As MRC informed earlier, Shin Etsu declared force majeure on deliveries of all PVC grades from its plant in Pernis on October 13, 2020.
We remind that the completion of Shintech's USD1.49 billion expansions across the PVC chain at its Louisiana complex has been pushed back to the first quarter of 2021 from late 2020 because of a slowdown in the work to ensure safety protocols on coronavirus pandemic concerns. Shintech, the North American division of one of the largest Japanese companies - Shin-Etsu Chemical Co. Ltd.
MRC