Japan's Teijin plans to shutdown its polycarbonate resin plant in Singapore by year end and pumthe industrial facility on Jurong Island up for sale through an expression of interest, as per businesstimes.com. The plan to shutter is part of the company's restructuring exercise of its loss-making businesses.
Hurt particularly by high energy costs, the Singapore plant, which began operations in October 1999, has also been beaten by low-cost China rivals, the company said last November. It has four production lines. One production line was shut down last October and another in May. The remaining two will be shut by year end. Teijin will scale back on its production of commoditised products under its restructuring exercise, and move its production of polycarbonate resin to its subsidiary in China and to its plant in Matsuyama in Japan, which it considers especially suited to the development of high-performance products, the company said.
16-Jun-15 
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