Home / Knowledge / News / Textiles / Nippon Oil fights slowdown with reduced operating rates
Nippon Oil fights slowdown with reduced operating rates
28
Jan '09
As, companies wrestle with the mounting pressures of recession, Japan's top oil refiner, Nippon Oil (Kawasaki), PX plant will run at reduced operational rates and its Oita based production facility will continue to remain under shutdown. Oita, based plant has the production capacity of 4, 20,000 ton/year, and Kawasaki plant in enable with a capacity of 3, 50,000 ton/year.

Speaking to Fibre2Fashion, industry sources confirmed that due to economic slow down, demand is poor in the market. Hence the company has kept its Oita based production facility idle while Kawasaki based unit is running at lower rate to fulfill contractual needs.

Global turmoil; proving to be a 'shape shifter' initially started as a financial crisis, and later transformed into industrial crisis. Nippon Oil has lost approximately US$ 2.8 billion due to falling feedstock prices and a resulting decrease in the value of its inventory. Weak demand of petrochemical products in the domestic and Asian markets also has caused the plant to run at reduced rates.

When asked about the duration of the shutdown, sources further mentioned that the shutdown occurred in December, but the date of resuming the plant is yet to be confirmed.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Lee Cooper

Apparel/Garments | On 28th Mar 2017

CCI clears FLFL proposal to divest Lee Cooper

The Competition Commission (CCI) of India has approved the proposal...

Textiles | On 28th Mar 2017

Bardoli CEFC to benefit south Gujarat MSMEs

India’s first common engineering facility centre (CEFC) at Bardoli,...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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