Chinese firm Henan Pingdingshan Coal Group has set underway the construction of a 1 mln tpa capacity PVC plant with an outlay of RMB 8 bln (US$1.17 bln). The project slated to be complete by 2015 will be the China's largest PVC facility in the world. Phase 1 of the PVC project will see the investment of RMB 2.5 bln in a unit and will have a capacity of 300,000 tpa of PVC. Profitability of the petrochemical segment, which was the main driver of UNIPETROL's good financial results in H1 of 2007 was impacted by the unfavourable macroeconomic trends in this year's H1.
26-Aug-08 
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