Forchem announces production reductions for 2009

The economy downturn towards the end of 2008, which reduced demand on tall oil products significantly, has continued during the first months of 2009. After reviewing business outlooks for the rest of the year, the management board of Forchem Oy decided to confirm a new 2009 business plan for better adaption of operations to prevailing market imbroglio.

Forchem’s revised 2009 plan incorporates in effect an annual 34 % production cut of all tall oil products compared to 2008 plan. Part of the volume reduction has been realized during the recent maintenance stop in Rauma refinery, in which also several improvements of fractionation columns were made for better efficiency and product quality.