Asian Chemical Connections
Faltering demand, rising costs and poor profitability are piling pressure on Japan's chemical sector. Now it faces tough decisions as the realities of cost-cutting, closures and restructuring come into play
Domestic demand for LCD televisions has been flat since an initial surge when Japan switched to digital broadcasting in 2011
With the exception of Shin-Etsu Chemical and a few others, chemical companies reported a significant decrease in profits for the first quarter of fiscal year 2012 (April-June). There has been no sign of improvement in the second quarter (July-September), with the top five chemical companies reporting declines in both revenues and profits.
INSIGHT: The prize will go to first movers in US olefins build-out
"The prize will be to tap into the peak, or at least the near peak, of the ethylene/petrochemical cycle."
VIDEO: ICIS Special Report - Asia methanol, acetic acid