Pro­man Trinidad has an­nounced that it will tem­porar­i­ly sus­pend op­er­a­tions at its melamine plant in Point Lisas for an ini­tial two-year pe­ri­od, cit­ing con­tin­ued un­favourable glob­al mar­ket con­di­tions.

In a news re­lease, the com­pa­ny ex­plained that the de­ci­sion fol­lows a de­tailed re­view of in­ter­na­tion­al mar­ket dy­nam­ics and is in­tend­ed to safe­guard the long-term sus­tain­abil­i­ty and ef­fi­cien­cy of its op­er­a­tions in T&T.

The move comes one year af­ter the Unit­ed States In­ter­na­tion­al Trade Com­mis­sion im­posed steep an­ti-dump­ing and coun­ter­vail­ing du­ties of 154.28 per cent on melamine im­ports from Trinidad and To­ba­go and oth­er coun­tries.