>>
Home / Knowledge / News / Textiles / Mitsubishi looking for potential partners in cracker business

Mitsubishi looking for potential partners in cracker business

11
Dec '08
Reports have started emanating from global petrochemical majors cutting output of key raw material products used by the downstream sectors of the textile industry. This trend of cutting capacities by Asian major petrochemical manufacturers is being reported since July 2008. But now the situation is spiraling out of control due to the global slowdown.

Mitsubishi Chemical Holdings Corp may also plan to consolidate its naphtha crackers with other companies and restructure the business. This was revealed by Mr. Kobayashi, CEO of the company. Mitsubishi is the country's top ethylene manufacturer and operates two plants in Japan.

This move on the part of the company has come amid reports that ethylene production in Japan fell 17.7 percent in November year-on-year, the biggest fall in 12 years. fibre2fashion.com spoke to a company official from Mitsubishi Chemicals to get a better perspective on the future moves of the company.

The spokesperson confirmed the news and said, “Main reason for this merger is due to bad economic situation. At present we have two plants at Mizushima & Kashima. We plan to quickly enter into discussion with other petrochemical refinery companies.”

He also said that, “We are in talks with 5 to 6 companies, although we would not want to disclose the name of all the companies at this point but after discussion, we will try to optimize total petro chemical complex production. Asahi Kasei is one such company with whom we have started discussion, but talks are still in planning stage.”

Asahi Kasei has also admitted to a slowdown in demand and a need to reorganize its ethylene business. Coincidentally, the naphtha crackers of Mitsubishi and Asahi are located in the same industrial complex in Mizushima. Earlier, fibre2fashion.com had reported on August 28, that Mitsubishi was planning to cut production at its cracker plants by up to 10-15 percent beginning from September 1.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

85% of clothes, textiles in US dumped in landfill or incinerator: NIST

Only about 15 per cent of used clothes and other textiles in the...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Ilan Palacci,

Ilan Palacci

France-based Ever Dye develops an innovative dyeing process combined with...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Eirinn Hayhow, Label - Eirinn Hayhow

Eirinn Hayhow
Label - Eirinn Hayhow

Eirinn Hayhow, founder of her eponymous label, is renowned for creating...

Prakruti Gupta Rao & Navin Rao, Brand - The Kaftan Company

Prakruti Gupta Rao & Navin Rao
Brand - The Kaftan Company

The Kaftan Company (TKC) is India’s most recognised brand for kaftans,...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

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

ESTEEMED CLIENTS

Benetton Group
Karl Mayer Textilmaschinenfabrik GmbH
Lottmann Communications
Babyshop
Istanbul Fuarcilik A.S.
Guess Europe Sagl,
Woolmark Services India Pvt. Ltd.
Pt. Peraga Nusantara Jaya Sakti
Eastman Chemical Company
Datatex Consulting Srl
Landmark Group
Nihalani Events Management
USTER
C;&A Sourcing International Ltd
COTTON COUNCIL INTERNATIONAL
N9 World Technologies Private Limited
IIGM Private Limited
KAS Direct Sourcing
UBM China (Shanghai)
John Varvatos
The LYCRA Company Singapore  Pte. Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Mesdan SPA
Rieter India Private Limited
TESTEX AG, Swiss Textile Testing Institute
Marzoli Machines Textile s.r.l.
Gatsby Africa
Brückner Trockentechnik GmbH & Co. KG
Hirdaramani International Export Private Limited
Performance Days
DuPont de Nemours, Inc.,
Target Corporation (MN)
Tommy Hilfiger
Chico’ FAS
Groz-Beckert KG
Colours India Inc
Tchibo GmbH
CSGIA(China Screen Printing & Graphic Imaging Association)
Coats Digital Limited
Datacolor AG Europe
Varner AS Retail
Itema Weaving (India) Private Limited
Lululemon Athletica Inc
MAS Active / MAS Kreeda / MAS Bodyline
Indo Tex
X-Rite Asia Pacific Limited (HK)
IKEA of Sweden AB
Tradewind International Servicing
Haelixa AG
Thai Acrylic Fibre Company Limited
Officina Meccanica Dora Enrico Srl
Messe Duesseldorf
Puma
BRINKMANN GMBH
The Top Form Brassiere Manufacturing Company Limited
Midas Clothing Limited
Color Service s.r.l.
Rayonese Textile Inc., Division de Culp Inc.
Eurofins BLC Leather Technology Centre Ltd
Infor (Hong Kong) Limited
SYNERGIES HONG KONG LIMITED
SHAHI Exports Pvt Ltd
Cat Tuong Real Estate Group Joint Stock Company
Gloria Jeans
Calvin Klein
Green Fibre
BTC Textiles LLC
LC Waikiki
Indofil Industries Limited - Specialty & Performance Chemicals Division
Alison Hayes Romania
Shanghai  Aige Exhibition Service Co., Ltd
Arvind Limited
Rosset ;& Cia Limited
IFF Media Ag - International Media Services
H;&M Hennes ;& Mauritz (Far East) Ltd
J ;& P Coats
Messe Frankfurt Exhibition GmbH
Kern – Liebers Textile
Chori Company Limited
Jindal Worldwide Limited
DyStar India Pvt. Ltd
Jiangsu Yingyang Nonwoven Machinery Company Limited
Desigual - ABASIC, S.A.
Lenzing Aktiengesellschaft
Xtema - Thomas Lebherz Textilmaschinen
Bluestem Global Sourcing Limited
Recron Polyester from Reliance Industries Limited
Flainox S.r.l.
Newtech Textile Technology Development (Shanghai) Company Limited
Zünd Systemtechnik AG
Aquarelle Clothing Limited
Gokaldas Exports Limited
CGS Inc.
Gap International Sourcing Limited
Lenzing Aktiengesellschaft - India
Amazon China
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Palexpo SA
EUROVET ASIA LTD
Sportswear Company Spa
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
PVH Corporation
Inter Expo Center Ltd.
Restoque S.A.
K AND D ITMACH EXPOSITIONS LLP
NV Michel Van de Wiele
Kornit Digital Asia Pacific Ltd
BIMBA ;& LOLA SL
Meera Dyestuff Industries
Groz-Beckert East Asia LLP
Dow Silicones Corporation
Abit
Italian Trade Commission
Lifestyle
Vardhman Textile Ltd
ZAITEX spa
Saurer Textile Solutions Pvt. Ltd.
GHCL LIMITED
Boardriders Asia Sourcing Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Alix Partners
Lisa S.P.A.
Lectra Technologies India Pvt Ltd.
Lacoste (Wanchai)
FULGAR SpA
Thai Trade Center
APLF Limited
Truetzschler India Private Limited
KIABI
International Textile Manufacturers Federation
EPCH
Taiwan Textile Federation (TTF)
Huntsman (Singapore) Pte Ltd
T.T. Limited
JES MEDIA, INC
Nandan Denim Limited
Grasim Industries Limited
Savio Macchine Tessili S.P.A.
Copenhagen Fashion Summit
Sportmaster Ltd.
Tory Burch Hong Kong Ltd
EMBEE CORPORATION
Walmart
Brandix Lanka Limited
Asos
Applied DNA Sciences Inc
BIANCA
Comasia Limited
Helly Hansen Far East Ltd
TESCO INTERNATIONAL SOURCING LIMITED
TEXVALLEY MARKET LIMITED
Maceton Limited
GERBER TECHNOLOGY LTD.
GIOVANNI BOZZETTO S.p.A.
Recron Polyester from Reliance Industries Limited
Splash
ITMA Services Pte Ltd
Loris Bellini S.r.l.
VNU Exhibitions Asia
THE BOMBAY DYEING ;& MFG.CO. LTD
Aramark Uniform ;& Career Apparel, LLC
Bluesign Technologies Ag
Reiter India Private Limited
International Sourcing Expo Australia
G-Star Raw C.V.
Esprit Europe Services GmbH
BTSR International S.P.A.
H. Stoll AG & Company KG
Shima Seiki Mfg. Ltd.
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
G.A.S. unternehmenskommunikation gmbh
Seasalt Limited
Aleph Srl
Page Industries Limited (Bangalore)
Thermore (Far East) Ltd.
Equinox Impex India
NITI Aayog
Sateri (Jiujiang) Fiber Co.,Ltd
Phong Phu international JSC (PPJ)
Sainsbury's Argos Asia Limited
China World International Exhibition Company Limited
Mayer & Cie. GmbH & Co. KG
Vianney Textil Hogar S.A. De C.V.
Weitmann & Konrad GmbH & Co. KG
TÜYAP IHTISAS FUARLARI A.S.
The LYCRA Company Singapore  Pte. Ltd
Stahl Holdings B.V.,
Hela Clothing Pvt Ltd
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Tuyap Tum Fuarcilik Yapim A.S.
Etam Group Strategy Hong Kong Limited
IDH – The Sustainable Trade Initiative
Centric Software
FESPA (Reigate)
Decathlon
OVS Hong Kong Sourcing Ltd.
Zydex Industries
Under Armour Global Sourcing Ltd

May 2022

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


Advanced Search