05 February 2009 01:47 [Source: ICIS news]
SINGAPORE (ICIS news)--Japan Polypropylene (PP) will maintain a 70% production rate at all its facilities until the end of February due to weak demand, a company source said on Thursday.
“We have been running our plants at this rate since early December due to poor demand,” the source said.
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The start-up of its new 300,000 tonne/year PP plant had been postponed due to weak demand.
Mitsubishi Chemicals holds a 65% stake in Japan Polypropylene, while Chisso Petrochemical holds the remaining 35% stake.
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