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Japan chemical industry chief says more capacity cuts are needed

Tuesday, December 29, 2015 - 05:50
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Japan's chemical industry will enjoy robust profits for another two years due to low oil prices, but needs to cut more capacity ahead of increased competition from cheap US and Chinese products, Mitsubishi Chemical Holdings' chairman said.

Tokyo

JAPAN'S chemical industry will enjoy robust profits for another two years due to low oil prices, but needs to cut more capacity ahead of increased competition from cheap US and Chinese products, Mitsubishi Chemical Holdings' chairman said.

Japanese chemical firms are