Dhunseri Petrochem resumes production at PET plant in Haldia after 2 months

17-Oct-14

Dhunseri Petrochem & Tea Ltd has resumed production at its polyethylene terephthalate (PET) plant I in Haldia, shut for last 2 months. Plant I, which caters only to the export market, was shut down on August 14, 2014 after considering unfavourable international demand and supply situation and margin pressure. The sudden increase in imports of PET into India resulted in reduced PET demand from the domestic customers and consequent reduction in supplies of the company in the domestic market.