20 June 2012 12:42 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Prime Polymer has decided to shut the 90,000 tonne/year polypropylene (PP) line at its Ichihara complex in June 2013, the company said in a statement on Wednesday.
“Responding to a slowdown in domestic demand for PP resins, we are restructuring our businesses … By emphasizing the production of value-added products, as well as by a thorough rationalization, we will strengthen our business base,” Prime Polymer said in Japanese.
After the closure of the plant, the producer’s total PP capacity would decrease to 1.18m tonnes/year from 1.27m tonnes/year, it added.
The PP unit at the Ichihara complex in Chiba prefecture has been in operation since 1969, according to Prime Polymer.
Prime Polymer’s subsidiary, Ube Polypro, shut its 90,000 tonne/year PP unit at Ube, Yamaguchi prefecture, in March 2011.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections