Post merger of their ethylene operations, Mitsubishi Chemical Holdings Corp. and Asahi Kasei Corp. plan a 30% reduction in ethylene capacity, trimming production costs by 3-4 bln yen by 2012. The two petrochemical majors will merge their ethylene operations under a 50-50 joint venture on April 1, 2011 to run their plants at a petrochemical complex in Okayama Prefecture.
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Tuesday, June 01, 2010
Mitsubishi-Asahi Kasei merger to cut ethylene capacity by 30% by 2012
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