Run rates at SK Energy's PP and LD/HDPE plants down by 20%

21-Nov-08

Global economic crisis that has translated into a recession in USA, Europe and Japan, has caused polymer demand to sink over the past few weeks. As demand continues to be weaker, several producers across Asia have reduced run rates, in a bid to reduce inventory pressures. South Korea's SK Energy Corp will continue with a 20% reduction in run rates at its plants in Ulsan till early January 2009. These include a 183,000 tpa HDPE plant, a 218,000 tpa LLDPE plant, and 2 PP plants with a combined capacity of 376,000 tpa.