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(JPC) -- In a bid to reduce costs, Japan
Polypropylene Corp. will close two relatively old polypropylene plants in 2011. A 90,000 tpa plant at
Kashima, operational since 1970, will be shut in May 2011. A 79,000 tpa plant in
Ichihara, operational since 1967, will be shut in June 2011.
This step has been taken by the company as part of its restructuring plans in
a bid to cope with deteriorating PP demand in the domestic market and enhance the
competitiveness of its PP. Japan Polypropylene is 65:35 owned
by Japan Polychem and Chisso, and it currently has 11 PP plants in Japan with a total capacity of 1.244
million tpa.
mrcplast.com |
