Mitsubishi to Quit PTA and P-Xylene Production in Japan

摘要

Mitsubishi Chemical says it plans to cease production of purified terephthalic acid (PTA) and para-xylene in Japan with the closure of two plants next year. Mitsubishi says its Japanese PTA business is losing money because of failing demand in the domestic market. Mitsubishi says it plans to base its PTA production outside Japan and that it will relocate part of the headquarters of its PTA business from Japan to Singapore and India by year-end. The company makes the product in four other Asian countries.