SYNTHETIC INDUSTRY FIGHTS BACK
The synthetic fibre industry in Japan is not taking the oil crisis lying down.
In January production exceeded that of the previous month disproving rumours of an impending production cut-back. Three of the Japanese synthetic giants, Toray Industries, Teijin and Asahi Chemical Industries are now negotiating barter deals with the Soviet Union to obtain oil, or oilderived chemicals, used as prime materials for synthetic fibres. For instance, Teijin is planning to export a large polyester making plant in exchange for crude oil; Asahi Chemical wants crude oil or oil-derived chemicals in exchange for a large plant to manufacture acrylonitrile. Toray, on the other hand, wants to
import the base chemicals for synthetic fibres and then re-export them in the form of the fibres them selves.
The upshot is likely to be that the U.S.S.R. will become a top supplier of polyester, acrylopitrile and caprolactam to Japan.
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Press, Volume CXIV, Issue 33478, 8 March 1974, Page 6
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150SYNTHETIC INDUSTRY FIGHTS BACK Press, Volume CXIV, Issue 33478, 8 March 1974, Page 6
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