Japan's Maruzen Petrochemical said on Friday it shut its sole naphtha cracker at Chiba, east of Tokyo, with capacity to produce 480,000 tons per year of ethylene, after a strong earthquake.
Maruzen's Keiyo Ethylene unit also shut a 690,000 tpy naphtha cracker in Chiba after the quake, a Maruzen spokesman said.
Keiyo Ethylene is 55%-owned by Maruzen Petrochemical and 22.5% each by Mitsui Chemicals and Sumitomo Chemical.
The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.
Oxea is returning to its old name and its roots.
Valerie Diele-Braun resigned from her position as CEO and member of the Executive Board of IMCD at the end of April for personal reasons.
Jens Birgersson becomes new Brenntag CEO
Novo Nordisk recently announced changes to its executive leadership and Board of Directors.
