Asahi Kasei Consolidates Naphtha Cracker in Mizushima and Restructures Petrochemical Operations in Japan

KOFU, JAPAN--March 20, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Asahi Kasei Chemicals Corporation (Tokyo, Japan) plans to consolidate the naphtha cracker in Mizushima Industrial Zone (Kurashiki, Japan) with a neighboring plant, which is owned and operated by Mitsubishi Chemical Corporation (TSE:4010) (Tokyo, Japan), by April 2016. Asahi Kasei Chemical, a subsidiary of Asahi Kasei Corporation (TSE:3407) (Tokyo), also announced that it will restructure its domestic petrochemical operations to stabilize domestic demand and to strengthen competitiveness, due to current market conditions.