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January 04, 2016 12:00 AM

Manali restarts polyols production following floods

Jane Denny
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    Chennai, India -- Manali Petrochemicals production was ramped up to full capacity following disruption due to flooding, according to news release to the Bombay stock market.

    The firm makes polyols and propylene oxide at two locations in the city.

    The firm informed the Bombay Stock Exchange that operation of its plant 1 began on December 28, 2015 with “production ramped up to full level.”

    Production its second plant, which was being operated since the second week of December 2015 at a lower load with the available material, has now also been scaled up and propylene supplies to the plants have resumed.

    In all plant 1 remained shut for 27 days and Plant 2 for 18 days. In order to minimise the impact of the closure, actions have been taken to scale up the production to the maximum extent possible in the coming months.

    The release also said the company has "adequate Industrial All Risks cover including for loss of profits."

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