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.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.