Showa Denko terminate ethyl acetate production in Indonesia

Showa Denko to terminate ethyl acetate production in Indonesia

12:06 PM, 30th September 2014
Showa Denko to terminate ethyl acetate production in Indonesia

TOKYO, JAPAN: Showa Denko has decided to dissolve its consolidated subsidiary PT Showa Esterindo Indonesia (SEI) and terminate its production of ethyl acetate in Indonesia. In recent years, however, the business environment for SEI has become harder than before because of rises in material prices and expansion of the capacities of neighboring countries to supply ethyl acetate. Under these circumstances, SDK and its partners have concluded, after deliberation, that it is difficult to continue SEI’s operations, and recently decided to dissolve the company.

Related News - Showa Denko starts construction of chemical alumina plant in Indonesia

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