Keyuan SBS line enters production
China’s Keyuan Petrochemicals has announced that one of the production lines for Styrene-Butadiene-Styrene (SBS) at its new plant in Ningbo, Zhejiang Province, has commenced commercial production. Keyuan conducted tests on the line in the final quarter of last year following completion of its new 70,000 tonne SBS production facility in September 2011. The first line entered commercial production in December and the company says that during the quarter it produced 2,733 tonnes and sold 2,623 tonnes of the substance used by tyre makers.
“We are pleased with the initial results from our new SBS production lines,” said Chunfeng Tao, chairman and CEO of Keyuan Petrochemicals Inc. “We have shipped products to 20 customers and are in active discussions with several more. With solid demand for SBS in China and abroad, we expect to quickly ramp production and sales throughout this year.”
When Keyuan first announced construction of the plan in September 2011, the company said it anticipates achieving an 80 per cent utilisation rate in 2012 and generate approximately US$110 million of sales and $10 million to $11 million of net income.
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