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Petrochemical companies slow down operation.

Two petrochemical factories producing plastic basic materials have been forced to slow down operation because of an increase in production cost. PT Styrindo Mono Indonesia and Asahimas Chemical are operating much below their installed capacity as a result of the fuel price hikes, the Association of Olefin and Plastic Industries (INAplas) said. The government has decided to double the prices of industrial diesel oil pushing up the production cost of many industries. INAplas secretary Budi Susanto said with the increase in the fuel prices, the contribution of fuel to production cost of petrochemical products rose to around 14% from 10%. Styrindo Mono Indonesia produces styrene with an annual capacity of 300,000 tons and Asahimas produces vinyl chloride monomer with an annual capacity of 400,000 tons and PVC with a capacity of 285,000 tons.
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Title Annotation:PT Styrindo Mono Indonesia, Asahimas Chemical
Comment:Petrochemical companies slow down operation.(PT Styrindo Mono Indonesia, Asahimas Chemical )
Publication:Indonesian Commercial Newsletter
Article Type:Brief Article
Geographic Code:9INDO
Date:Sep 13, 2005
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