Basell shuts UK, Spain and Italy PP plants for repairs
Thu Jun 16, 2005 11:32 AM ET
AMSTERDAM, June 16 (Reuters) - The world's biggest polypropylene (PP) producer, Basell, has shut three of its plants in the UK, Spain and Italy this month for maintenance, a spokeswoman said on Thursday.
"The plant in Italy, in Brindisi, will be closed from mid-June to mid-July. I cannot say how long the other two plants will remain shut," Basell spokeswoman Chantal Sohm told Reuters.
She could not give any information on the impact on production.
Basell is also the world's third largest producer of polyolefins.
The company was a joint venture between energy giant Royal Dutch/Shell and German chemicals group BASF. It was sold last month for 4.4 billion euros to New York-based Access Industries and The Chatterjee Group.
On the London Metal Exchange (LME), PP futures were higher on Thursday afternoon.
September polypropylene (PP) was quoted at $920/925 a tonne, having earlier traded at $920, up $10 from Wednesday.
Linear low-density polyethylene (LLDPE) for the same month was at $925/930, also up $10.
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