Moreover, there was further pressure from higher global prices of both benzene and caprolactum
According to Mark Dobson, the director of BASF's caprolactum
business, the price increase will be approximately 8 percent.
With a view to restoring good health to our largest and oldest industry the duty on PTA is being reduced from 25 per cent to 15 percent, on polyester chips, from 30 per cent to 20 per cent, on polyester staple fibre from 30 per cent to 20 per cent and on a caprolactum
from 25 per cent to 15 per cent.
One of the notable incidents which forced the governments to develop safety legislation is the cyclohexane vapor cloud explosion that occurred in 1974 in a caprolactum
plant in Flixborough, U.
The duty on caprolactum
, the basic raw material for nylon, is being brought down to 45 percent from 60 percent.
Local facilities apart from nitrogenous fertilizers are therefore confined mainly to the production of nylon and polyester fibres based on petrochemical related imported intermediate raw materials such as Caprolactum
, PTA and M.
While we increased nylon tabs by 6%, we have been paying much higher prices (about 25%) for key raw materials like cyclohexane and caprolactum