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Mitsubishi Rayon may temporarily shut ACN plant
05
Sep '13
Mitsubishi Rayon is likely to temporarily shut is acrylonitrile (ACN) plant at its Otake production centre in Hiroshima on September 10, 2013.
 
It is likely to re-start in end-October, according to a company official.
 
The likely closure of the plant is due to an inventory adjustment, as a result of weak demand in Japan.
 
The plant has an annual production capacity of 90,000 tons of ACN.
 
Mitsubishi Rayon is a subsidiary of Mitsubishi Chemical Holdings Group.
 
In Southeast and Far East Asian countries, ACN prices are currently hovering around US$ 1,850/ton.
 

Fibre2fashion News Desk - India


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