A&M Styrene, which began
polystyrene marketing and sales operation in October
1998, and its two parent companies, Asahi Chemical Industry
and Mitsubishi Chemical, have, after thorough consideration,
made a final determination regarding the production
facilities which will be transferred to A&M Styrene
for its fully integrated polystyrene operation, scheduled
to begin on October 1, 1999.
The polystyrene industry
in Japan, with annual production capacity totaling about
1.5 million tons compared with annual domestic demand
of around 1 million tons, is currently in a state of
significant overcapacity, with no substantial improvement
in this situation expected over the near term. In response
to this situation, Asahi Chemical and Mitsubishi Chemical,
ranked first and third by sales in the Japanese polystyrene
industry, established A&M Styrene last October as a
means to improve cost competitiveness.
It has been determined
that a decisive reduction in plant capacity will be
essential in order to accomplish significant improvement
in cost competitiveness when production operations are
integrated with domestic marketing within A&M Styrene
this October. It is also believed that owing to our
influence as the industry leader, this move will at
the same time provide impetus for further measures to
rationalize capacity throughout the industry. The plant
reduction will be implemented as shown below.
(capacity, thousands
of tons)
| |
Present capacity |
Capacity reduction |
Transfer to A&M Styrene |
Asahi Chemical, Chiba Plant
|
207 |
— |
207 |
| Asahi Chemical, Mizushima
Plant |
164 |
56 |
108 |
| Mitsubishi Chemical, Yokkaichi Plant |
188 |
103 |
85 |
| Total: |
559 |
159 |
400 |
A&M Styrene Co., Ltd. Corporate Profile:
(as of February 1999)
- Head Office:
- 4-1, Koishikawa 1-chome, Bunkyo-ku,
Tokyo 112-0002, Japan
Tel: +81-3-5689-6543
- Kansai Sales Dept.:
- Osaka, Nagoya
- Corporate R&D Dept.:
- Kawasaki
- Sales:
- Approximately 30,000,000,000 yen
(domestic Japan only)
- Paid-in Capital:
- 300,000,000 yen
- Employees:
- Approximately 70
- Shareholders:
- Asahi Chemical Industry Co., Ltd.,
50%
- Mitsubishi Chemical Corporation,
50%
- Directors and Auditors:
- President, Hiroshi Susumago
- Executive Vice President, Toru Kodama
- Director, General Manager, Sales
Div., Takashi Enomoto
- Director, General Manager, Administrative
Div., Yasuro Yamane
- Auditor, Yuzo Nishiguchi
- Auditor, Yoshiyuki Maegawa
|
