Sinostar PEC Holdings Retires Aging Polypropylene Plant
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Sinostar PEC Holdings Limited has announced the retirement of a 50,000-ton polypropylene plant operated by its subsidiary due to aging issues, safety risks, and poor operational efficiency. This will reduce the company's polypropylene processing capacity from 250,000 tons to 200,000 tons annually. However, the company expects no material impact on its financial position or operating performance for the year ending December 2025. Sinostar PEC Holdings is based in Singapore and operates in the petrochemical industry, focusing on polypropylene production.
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