Taiyo Vinyl Corporation is reportedly planning major maintenance shutdowns at its PVC production facilities in Japan in 2025, as part of efforts to enhance operational efficiency and ensure safety compliance, according to market sources.
Market participants in Asia are closely monitoring the potential impact of the planned shutdown on regional supply dynamics. In India, some Middle Eastern suppliers have already responded to the tightening supply outlook by raising import offers
To manage operations, the parent companies will create a new name in the Asian petrochemicals industry, a joint venture branded as “Valor Petrochemicals Ltd (VPL)”. Each company will hold a 50% stake in the conglomerate.
From a supply perspective, industry participants do not anticipate significant disruptions to spot availability during these shutdowns. However, the producer has adjusted its January PP prices for the domestic market, increasing them by INR 1,000/ton ($12/ton)