BORSODCHEM
Capacity increases for PVC, MDI, TDI / Higher prices boost bottom line in third quarter
Higher prices for PVC polymer coupled with lower prices for feedstocks such as ethylene in August and September boosted the bottom line at Hungarian chemical group Borsodchem (BC, H-3762 Kazincbarcika; www.borsodchem.hu) in the third quarter of 2003, according to CEO Laszlo F.Kovacs. No concrete figures have been provided.
The company has ambitious plans to widen plastics production capacity considerably up to 2005. PVC output capability is to be expanded from 290,000 t/y to 400,000 t/y at a cost of HUF 4 bn (EUR 15.6m). Some EUR 78m is to be spent on expanding capacity for polyurethane feedstocks. A new production site for MDI will have an initial capacity of 80,000 t/y, while TDI capacity is being widened from 60,000 t/y to 75,000 t/y. In July, BC reduced capacity by 30,000 t/y by shutting an older plant at its main site.
Borsdchem is now Europe´s ninth largest PVC player in Europe. – See PIE 09, 2003. The new capacity will allow the company to overtake Germany´s Vestolit (D-45765 Marl; www.vestolit.com) in the rankings.
The company has ambitious plans to widen plastics production capacity considerably up to 2005. PVC output capability is to be expanded from 290,000 t/y to 400,000 t/y at a cost of HUF 4 bn (EUR 15.6m). Some EUR 78m is to be spent on expanding capacity for polyurethane feedstocks. A new production site for MDI will have an initial capacity of 80,000 t/y, while TDI capacity is being widened from 60,000 t/y to 75,000 t/y. In July, BC reduced capacity by 30,000 t/y by shutting an older plant at its main site.
Borsdchem is now Europe´s ninth largest PVC player in Europe. – See PIE 09, 2003. The new capacity will allow the company to overtake Germany´s Vestolit (D-45765 Marl; www.vestolit.com) in the rankings.
06.11.2003 Plasteurope.com [13940]
Published on 06.11.2003