In the post crisis era, Japan's chemical giants be

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In the post crisis era, the Japanese chemical giants began to reorganize. For Japanese chemical companies, the darkest period may have passed, but in the long run, once all the new petrochemical production capacity from the Middle East and China is put into production, Japanese chemical companies will face fierce competition. Aiming at emerging fields and stepping up business restructuring has become the way for Japanese chemical companies to win

the price of this fiscal year as of September 30 was within a reasonable range (from April 1, 2009 to March 31, 2010). In the second quarter, the profitability of Nippon Chemical Corporation has been greatly improved compared with the first quarter. In the petrochemical sector, stimulated by the strong growth in the volume of products exported to the Chinese market, the operating rate of cracking units and downstream derivative units in Japan's chemical industry has gradually climbed from the low level at the beginning of this year to more than 90%, and the business profitability has been greatly improved, especially the PVC and PTA businesses

analysts at Nomura Securities said that the better than expected business environment this year is an additional gift for Japanese chemical company, but it still needs to do a lot of business restructuring work in order to get a chance of life after a large number of new petrochemical production capacity is put into operation

Mitsubishi Chemical, Japan's largest chemical company, has launched a series of restructuring measures this year, but it is still not enough to meet the challenges. A recent report released by Nomura Securities Company of Japan pointed out: "although Mitsubishi Chemical's restructuring pace is much larger than that of its competitors, especially in the petrochemical business field, we still believe that the company needs to withdraw from more business areas, or carry out some large-scale mergers and acquisitions, so as to return to the growth track." Nomura Securities believes that Mitsubishi Chemical needs to cut its bulk petrochemical products business to further reduce the adverse impact of market price fluctuations. At the same time, it should selectively and quickly enter new fields to obtain global market share. It is reported that Mitsubishi Chemical has set aside $2.6 billion for business mergers and acquisitions. At the same time, Japanese media reported that Mitsubishi Chemical may acquire Mitsubishi Liyang company

other Japanese chemical companies are also facing the same pressure of business restructuring

Mitsui chemical, another Japanese chemical company, has realized this and formulated a corporate strategy to focus on emerging markets while increasing the production capacity of high value-added products. At the beginning of November, Mitsui chemical company announced that it had reached an agreement with Sinopec on the joint venture project of phenol and ethylene propylene diene monomer (EPT), and the total investment of the two joint ventures is expected to reach 60billion yen. As early as April, 2006, Sinopec and Mitsui chemical established a bisphenol a joint venture company Shanghai Sinopec Mitsui Chemical Co., Ltd. (SSMC) in the form of equal investment. The company's 120000 ton/year bisphenol a plant began commercial operation in January this year

in order to strengthen cooperation, Sinopec and Mitsui chemical signed a memorandum of cooperation in April this year. The molding temperature is 300 (3) 30 ℃. The two sides will jointly carry out a feasibility study on phenol and its downstream derivatives, and discuss the cooperation projects of functional products such as ethylene propylene diene monomer (EPT). SSMC will conduct change experiments on the newly built 250000 T/a benzene visible clutch, which is an indispensable phenol device. It is expected that the phenol device will be put into operation in 2013, and the phenol will supply the existing bisphenol a device. In addition, Shanghai Gaoqiao Petrochemical Company, a subsidiary of Sinopec, will transfer a 120000 T/a phenol plant to SSMC

Mitsui chemical is the second largest producer of phenol series products in the world. Its goal is to become the first in the world and hopes to become the largest EPT producer in Asia. The company's other business development strategies include ultra high molecular weight polyethylene (UHMWPE), ethylene and α Olefin oligomer for capacity expansion

Sumitomo Chemical Co., Ltd. of Japan has a competitive advantage because it has a rabig refining and chemical joint venture in Saudi Arabia, but the problem it faces is the delay in the production of the joint venture project. Since the approval of Nomura certificate Qingdao West Coast new area, it is estimated that the project will not enter full production until the end of this year. It is estimated that the loss caused by the delay in production to the company in the fiscal year 2009-2010 will reach 10billion yen. Once the project is in full production, the profit contribution to the company in the fiscal year 2010-2011 will reach 33billion yen

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