GE, PetroChina Suspend China Polycarbonate Project

GE Plastics and PetroChina have suspended plans for a world-scale polycarbonate (PC) joint venture plant in China, officials with GE say. The outlook for demand in China remains strong, but recent and planned capacity additions have pressured margins, it says. “The economics do not justify the investment [in a resin plant] right now,” says Brian Gladden, v.p. and general manager of Lexan PC resin and global product companies for GE Plastics. “We are still massively committed to China. We continue to make big investments in compounding and other...

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