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

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