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.
Compelling solutions through strategic partnerships
Building on the April 2025 announcement, Dow will take actions across its three operating segments to support European profitability, resulting in the closure of sites in Germany and the UK.
BASF sells a majority stake in its coatings business to the investor Carlyle.
Ineos CEO Ineos calls on European politicians to save the chemical industry.
