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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Tosoh closes ethylene amines plant, citing oversupply
1:08 PM MDT | June 28, 2013 | —Natasha Alperowicz
Tosoh says it has decided to close one of the three ethylene amines production lines at the Nanyo complex at Shunan, Japan. Recent additions of ethylene amine capacity worldwide have disrupted the ethylene amine supply-demand balance, softened amine markets, and decreased profitability, the company says. Global demand for amines is expected to grow, but the largest amines market—ethylene diamine (EDA)—will remain oversupplied for some time. Reduced profitability for EDA and poor market conditions generally are behind the shutdown. The closure affects...
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