22 October 2013 10:08 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Sumitomo Chemical plans to permanently close its 45,000 tonne/year polymethyl methacrylate (PMMA) plant in December 2013 and end production of PMMA in Japan, a company spokesman said on Tuesday.
The decision for closure was because domestic demand for PMMA is declining, while feedstock naphtha price is increasing, the spokesman said.
After the PMMA unit at Niihama, Ehime prefecture, is shut, all of Sumitomo Chemical’s PMMA production will be consolidated into the 150,000 tonne/year plant in Singapore, the spokesman said.
Some of its PMMA output in Singapore will be exported to Japan, he added, without elaborating further.
Sumitomo Chemical had no plans to increase the capacity of the PMMA plant in Singapore, the spokesman said.
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