TOKYO -- Japan's petrochemical industry continues to be plagued by excess capacity as it gets hammered by Chinese overproduction, leading manufacturers to embark on restructuring efforts to keep the industry afloat.
Materials
Japan's petrochemical makers pressed by China overproduction
August ethylene capacity utilization fell below red line for 37th straight month
Japan's ethylene plants are facing closure or consolidation as the industry tries to tackle low utilization rates. (Photo obtained by Nikkei)
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