Japan's Mitsui Chemicals said on Friday it would shut a 553,000 tons per year naphtha cracker at its Ichihara plant in Chiba, east of Tokyo, for 27 days in July for scheduled maintenance.
The company said it would skip maintenance work this year on its other 455,000 tpy cracker at Osaka plant in western Japan.
BASF sells a majority stake in its coatings business to the investor Carlyle.
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.
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.
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