Home / Knowledge / News / Textiles / Asahi Kasei & Mitsubishi merge naphtha crackers facilities
Asahi Kasei & Mitsubishi merge naphtha crackers facilities
07
Mar '14
Asahi Kasei Corp. and its subsidiary Asahi Kasei Chemicals Corp. and Mitsubishi Chemical Holdings Corp. and its subsidiary Mitsubishi Chemical Corp have concluded an agreement to unify their naphtha crackers in Mizushima into one, as the result of the study announced in the press release dated August 2, 2013.
 
Asahi Kasei and Mitsubishi have jointly operated the limited liability partnership Nishi Nippon Ethylene LLP since April 1, 2011, for the purpose of strengthening the competitiveness of the Mizushima industrial zone, including through alliances with oil refineries, and have performed studies for the eventual unification on one of the naphtha crackers that each company has in Mizushima. 
 
Since the operating climate in the domestic market for petrochemical operations is expected to become increasingly severe, Asahi Kasei and Mitsubishi thus judged that there is an increasing necessity to establish the optimum production configuration for highly efficient operation in order to strengthen competitiveness and enhance earnings ability. 
 
As a result of the concrete studies advanced based on the premises specified in August 2013, the parties have agreed to unify their naphtha crackers in Mizushima
 
Click here to view more.
 

Asahi Kasei Corp

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search