South Korea’s Hanwha declares force majeure on styrene
The company’s two styrene units with respective capacities of 400,000 tons/year and 650,000 tons/year were shut in late March for maintenance. The company’s labor union went on a general strike around the same time.
Both units were expected to come online last week. However, the restart of South Korean producer’s styrene units was delayed as the labor standoff continued.
As of the time of press, the company is yet to provide an estimate of how long the force majeure is likely to remain in place.
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