Home / Knowledge / News / Textiles / Idemitsu Kosan slashes paraxylene output over weak demand

Idemitsu Kosan slashes paraxylene output over weak demand

22
Sep '08
Japan's third-biggest oil refiner, Idemitsu Kosan Co, would cut paraxylene output at its Chiba plant by 25 percent in the next two months due to economical reasons like worsening margins and slackening global demand.

A company official revealed to fibre2fashion that, it would reduce the operating rate of the unit from September 25 till the end of November. However, if the Asian market gets dampened further, it will continue to slash production till end of December.

The plant has the capacity to produce 265,000 tonnes of paraxylene per year, and presently is running at full capacity.

The official added by saying, “The second paraxylene plant at Tokuyama in western Japan, which has capacity of 214,000 tonnes per year will not be affected”.

Idemitsu Kosan Co, is supplying paraxylene to North East Asian Countries including Japan.

Paraxylene is a petrochemical used to manufacture polyester and other products. Other companies producing paraxylene have also cut their production due to low market demand.

Idemitsu Kosan Co


Interviews View All

Abhishek Samdaria, Reflete

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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

Leave your Comments


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search