BorsodChem confirms that the construction of its new toluene di-isocyanate plant in Kazincbarcika, Hungary, is proceeding as scheduled. The commissioning is expected to start early June 2011 and the plant, with an initial nameplate capacity of 160 kt/a will be ready for start early Q3 2011. As the unfavorable raw material cost evolution have and are expected to depress margins on TDI substantially in the foreseeable future, Borsodchem is in a process of reviewing the operation of its smaller TDI plant at the same location considering to idle the facility temporarily. About BorsodChemBorsodChem grew out of a complex of local chemical factories operating in the North of Hungary. In 1963 the company established PVC plant the first one in Hungary. In the early nineties, MDI plant was completed. The company began isocyanate production and the company officially became known as BorsodChem. Ten years later, TDI was added to their product portfolio. In the intervening years, BorsodChem invested heavily in the environmental performance and established a waste treatment plant. The company also implemented the ISO 14001 Environmental Management System and the ISO 9002 Quality Assurance System. Source: |
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