Asian petrochem maker plans a system to eliminate feedstock price volatility

26-Feb-05
Asahi Kasei Chemicals Corp, a unit of Asahi Kasei Corp, plans to devise a system to to eliminate feedstock price volatility. Asahi plans to team up with East Asian petrochemical complex operators to ensure a stable supply of raw materials and is exploring possible tie ups with naphtha manufacturers. Through tie-ups, Asahi Kasei Chemicals intends to secure a fixed volume of raw materials, in order to remove the uncertainty and potential for high prices which comes with purchasing from outside sources.
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