Keeping in view the negative impact along the entire spectrum of the industry, Nan Ya Plastics Corp expects the Ministry of Economic Affairs to withdraw an order to suspend operations at five of the company’s petrochemical plants, as per TaipeiTimes. Five petrochemical plants operated by Nan Ya have been ordered by the Yunlin County Government to suspend operations for safety inspections after two fires last month at one of the plants. Nan Ya has appealed to both the county and the ministry to allow it to resume operations at the four factories that were not involved in the fires last month. Shutdown of its five plants is estimated to have a negative influence on both upstream and downstream companies in the industry, which largely rely on Nan Ya’s supplies of EG in the production of key textile materials and petrochemical intermediaries. Nan Ya’s annual capacity of EG accounts for 9% of total global production. Without the company’s production, local polyester makers would have difficulties purchasing substantial supplies of EG, weakening their capacity to produce products.
23-Jun-11 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}