Mitsui Chemical sets dates for plant closures confirms JV with SKC

摘要

Tokyo-Mitsui Chemicals made a raft of announcements about its polyurethane business and trading conditions in the last week of May. The firm has set May 2016 as the month it will stop production of MDI at Omuta, Japan and TDI at Kashima, Japan. The decisions will take 60kt/year MDI out of the global market and 117kT/yearTDI out of the market, the company said. Mitsui Chemicals used the same announcement to confirm that July 2015 is the likely date of the formation of its joint venture in polyurethane chemicals with SKC of Korea.