Taiwan’s LCY receives approval for restart of its PP plant
Following the explosion, LCY applied to governmental bodies in Kaoshiung on September 25 and November 19, 2014 in order to resume operations. With this approval from the Committee of the Resumption Review, the company will operate their plant for three months and will be able to produce at only 1/3 of their previous capacity, which enable LCY to produce around 10,000 tons/month.
According to the city government’s decision, the company will need to make another application if they want to resume production at a higher operating rate. Reports stated that an application for the resumption of regular operating rates would be evaluated more strictly by the government.
LCY’s Kaohsiung PP plant houses two production lines which have a combined capacity of 400,000 tons/year.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally
- Turnarounds keep PP supply tight in SE Asia
- European PP market sees step backs from initial July offers
- Focus turns to August in Turkey: PP and PE players sidelined amid blurry outlook
- SEA PE uptrend intact, yet increases capped by reduced demand
- Taiwanese major hikes Aug PVC offers to Asia as limited availability outweighs monsoon effect