29 June 2012 12:09 [Source: ICIS news]
TOKYO (ICIS)--Japan Polypropylene plans to permanently shut its 89,000 tonne/year polypropylene (PP) facility at ?xml:namespace>
"The business environment surrounding PP has become very difficult with a decline in domestic demand, increased exports of commodity products due to the appreciation of yen, and new plants starting up in the Middle East and
The producer also has PP plants in Kashima,
The current combined operating rate at the plants were about 80-85%, the official said.
“We hope to be able to raise the operating rates after closing the
Japan Polypropylene is a joint venture between Japan Polychem and Japan Polyolefin, while Japan Polychem is a 100% subsidiary of Mitsubishi Chemical.
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