China's Wankai cuts PET production amid G20 Summit
China's Wankai cuts PET production amid G20 Summit
According to market sources, Zhejiang Wankai New Materials Co Ltd has cut the production rate for their polyethylene terephthalate (PET) unit to 70% this week due to the upcoming G20 Summit.
Based in Zhejiang, China, the company has two PET units with a combined production capacity of 650,000 ton/year.