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Monday, November 23, 2009 (20:28:57) |
| Tags : India, South Asian Petrochem, Polycarbonate Plant, Asahi Kasei Chemicals Corp, Japan |
South Asian Petrochem drops project with Japanese firm |
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| Kolkata: City-based South Asian Petrochem today said it has dropped a project to build a polycarbonate plant in association with Asahi Kasei Chemicals Corp of Japan due to the global slowdown.
South Asian Petrochem had entered into a licence agreement with the Japanese firm to set up the plant with a capacity of 130,000 tonnes per annum.
"In view of the fact that the licence agreement had expired and considering the global recession, the said project has been dropped," the company said in a regulatory statement. (IANS) |
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