Mitsui Chemicals Group, Idemitsu Kosan Co., Ltd, and Sumitomo Chemical announced today plans to merge key parts of their #polyolefin businesses in #Japan to tackle chronic oversupply amid shrinking domestic market.
The companies have signed a memorandum of understanding (MoU) to integrate #Sumitomo Chemical’s domestic #polypropylene (PP) and linear low density polyethylene (#LLDPE) operations into PRIME POLYMER CO.,LTD. Co, an existing joint venture between #Mitsui Chemicals and #Idemitsu Kosan, the Japanese companies said in a joint statement.
The combined entity will have a domestic production capacity of 1.59 million tonnes/year of polypropylene #PP) and 720,000 tonnes/year of polyethylene (PE), up from 1.26 million tonnes/year of PE and 550,000 tonnes/year of PP.
Find more info and detailed PE and PP capacities in Japan in the free full article: https://lnkd.in/dtUdzttP
source : Lorenzo Meazza
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