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Asahi Kasei to close several petrochemical plants in Japan

2:54 PM MST | March 3, 2014 | —Deepti Ramesh

Asahi Kasei says it will close several petrochemical production plants in Japan and, with Mitsubishi Chemical, is also moving ahead with the previously announced plans to combine their respective naphtha cracker operations at Mizushima, Japan. Asahi Kasei says it is taking the steps to “cope with contracting domestic demand and price competition from products made overseas based on low-priced feedstock.” Asahi Kasei says it will close a 150,000-m.t./year acrylonitrile plant at the company’s manufacturing site at Kawasaki by August 2014; a...

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