TOKYO -- Japan's Asahi Kasei will withdraw from a plastic raw materials joint venture in Thailand with a group member of state oil and gas company PTT under plans announced Friday, looking to shutter unprofitable operations.
Materials
Japan's Asahi Kasei to end Thai plastics joint venture with PTT unit
Company faces stiff Chinese competition in acrylonitrile, a key material in ABS
Asahi Kasei is the third largest producer of acrylonitrile in the world. (Photo by Shoya Okinaga)
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