IRPC plans 45 day maintenance shutdown: expects Q4 revenue to fall 30% from 2010

03-Nov-11
Thai refiner and petrochemical producer IRPC PCL is expecting a 30% drop in Q4 revenue from 2011, due to a planned 45-day maintenance shut down, as per Dow Jones. The planned shutdown coincides with slowing local demand triggered by worst floods faced by the country in decades. Most of Thailand's central provinces are submerged by the floods, including vast areas of farmland and industrial estates that are global production bases of electronics and automobile parts. The inundation of those estates has materially disrupted global production in both industries.
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