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Sumitomo Chemical to exit caprolactam business

 Last Update: 2022-05-17
 Source: Internet
 Author: User

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Sinochem News recently, Sumitomo Chemical announced that the company will decommission its 85,000-ton/year caprolactam production facility in Niihama, Ehime Prefecture in October 2022

S&P Global Commodities Insights' Chemical Economics Handbook shows that Japan, once a major caprolactam producer in Asia, has grown its capacity at 6 per year since 2015 due to weak global demand, a shift in capacity to other Asian producers and a loss of overall competitiveness.

The company added that while caprolactam production will be discontinued, operations at its Niihama plant will continue and respond to market demand

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Sumitomo Chemical decides to exit caprolactam business

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Sumitomo Chemical to exit caprolactam business

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Sumitomo Chemical decides to exit caprolactam business