Wednesday, October 08, 2008

China's leading PTA producer on brink of insolvency; PTA production held up

Zhejiang Hualian Sunshine Petrochemicals, China's leading producer of purified terephthalic acid (PTA) and an affiliate of China Union Holdings, has reportedly brought the PTA production to a standstiill owing to a huge loss it incurred in the trading PTA futures contracts on Zhengzhou Commodity Exchange.

For more details on China's leading PTA producer on brink of insolvency; PTA production held up click here

Related Posts by Categories



Read daily plastics industry news at Plastemart.com

0 comments: