Asahi Kasei to Cease Production of Ammonia and Benzene; Swings to Profit

Asahi Kasei Chemicals (AKC), an Asahi Kasei subsidiary, says it will stop the production of ammonia and benzene at its Mizushima, Japan site and will procure these products entirely from other suppliers in the future, as part of ongoing measures to strengthen the competitiveness of its petrochemical operations. The 320,000 m.t./year ammonia plant, which began operation in 1971, and the 300,000 m.t./year benzene plant, which began operation in 1970, will be shut down during March-April 2012. “The operating climate for the Japanese petrochemical industry is...

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