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Hurricane Florence: PET makers in the process of shutting units

2018-09-14 11:07:34 S&P Global

As Hurricane Florence appeared to head toward the US East Coast, some local PET makers were heard to be in the process of shutting units in preparation. The Carolinas are home to more than 4 million mt/year of PET capacity, which is split between producers DAK Americas, Indorama and Nan Ya Plastics.

Indorama Ventures, which has plants in the Carolinas, continued to operate its facilities Wednesday, noting in a statement that both plants are some 300 miles inland and flooding was not expected. It said all outside storage had been secured, and the plants could be shut safely within a few hours.

Indorama also said it has adequate supplies to safely continue production and had informed customers in an effort aid advanced planning and avoid any shortage of product.

Indorama's facilities are in Asheboro, North Carolina, and Spartanburg, South Carolina, and can produce a combined 653,000 mt/year of PET.

DAK Americas plans to shut its 660,000 mt/year plant in Charleston, South Carolina, a person with knowledge of company operations said. Its 1.3 million mt/year plant in Columbia, South Carolina, was operational as of time of publication, while the status of its Fayetteville, North Carolina, plant could not be immediately verified.

Nan Ya's 1.2 million mt/year plant in Lake City, South Carolina, was operational as of time of publication.

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