JAPAN: Tokuyama's Shin Dai-ichi vinyl subsidiary restructuring with Chiba VCM closure

The 80,000-t/y unit is expected to be closed around the end of September 2015. At the same time, Shin Dai-ichi plans to rebuild a production and shipment structure that involves consolidating production at the more competitive 145,000-t/y Tokuyama VCM plant, and the production of paste vinyl chloride at the Ehime site.

"By establishing an optimal production structure centered on these two bases, energies will be channeled toward strengthening the vinyl chloride business platform.”

Zeon Corp. and Sumitomo Chemical Co. each hold a 14.5 % stake in Shin Dai-ichi Vinyl.

Source: Weekly "PetroChemical News", Durham, NC, USA; 17 Nov 2014
(Syed Rashid Ali, Karachi, Pakistan)