• Kyodo News

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Mitsubishi Chemical Holdings Corp. and Asahi Kasei Corp. said Tuesday they are studying a plan to integrate the operations of their ethylene plants in Okayama Prefecture because of poor overall demand for plastics and other materials made of ethylene.

The companies are thinking of suspending one of the facilities within three years. The integrated facilities will likely be operated by joint ventures to be formed around next April, according to a joint statement.

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