07 May 2008 11:35 [Source: ICIS news]
TOKYO (ICIS news)--From the end of April Japanese chemicals producer Mitsubishi Chemical Co (MCC) slashed the production of purified terephthalic acid (PTA) by up to 30% in Asia due to high feedstock costs and low demand, the company said on Wednesday.?xml:namespace>
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The NMC facility underwent a 26-day maintenance turnaround in March, according to previous ICIS news reports.
The company did not specify how long the production reduction would last but said it would slash output even more if profitability fell further.
Meanwhile, sales of polyester in
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