Japan's Mitsubishi Chemical Corp plans to shut its 375,000 tpa Kashima No.1 naphtha cracker in 2014 amid falling domestic demand and erosion of overseas profits with a strengthening yen, as per Dow Jones Newswires. With this closure, the company will lose 375,000 tpa of ethylene capacity -about 30% of its ethylene production capacity, the Nikkei daily.
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