Japan’s Asahi Kasei cuts ACN output in July on weak market

06 July 2012 04:13  [Source: ICIS news]

SINGAPORE (ICIS)--Major acrylonitrile (ACN) producer, Japan’s Asahi Kasei, will further cut ACN production by 10% to around 70% of total capacity in July because of poor market conditions, a company source said.

The operating rate of the company’s plant was around 80% of capacity for June, the source added.

“Market conditions are weak and we will reduce the operating rates of our plants further to 70% of their capacities in July, down from around 80% in June,” the source said.

The company’s 100,000 tonne/year ACN line at Mizushima, Japan, will remain off line for July. It was shut since early June, the source said.

Its other 150,000 tonne/year line at Kawasaki, Japan, will operate at a reduced rate of 75% of capacity in July, down from 80% in June, the source said.

Its wholly-owned subsidiary, Tongsuh Petrochemical, will reduce the operating rate of its 320,000 tonne/year ACN plant in Ulsan, South Korea, to 80% in July, down from 90% of capacity in June, the source added.

However, its other 200,000 tonne/ year line at Mizushima, will continue to run at 100% of capacity, the source said.


By: Helen Yan
+65 6780 4359



AddThis Social Bookmark Button

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.

Printer Friendly

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