Location Strategy of Japanese Petrochemical Companies and Petrochemical Complex Renaissance Project

概要

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The purpose of this paper is to discuss the characteristics and problems of industrial restructuring in Japanese petrochemical industry from perspectives on location and business grouping.Many Japanese petrochemical companies are using the strategies of merger, integration and business alliance in order to keep plants allocation which were formed in the period of the rapid growth (from 1960's to 70's). These plants allocation are optimal in terms of transportation costs and distribution strategies.As for the business grouping, Japanese petrochemical companies promote industrial restructuring regardless of the business grouping in order to give priority to locational factor. In contrast, there are some cases that industrial restructuring is promoted in accordance with the business grouping.Moreover, this paper has attempted an analysis of "Petrochemical Complex Renaissance Project" which is promoted under the initiative of the Ministry of Economy, Trade and Industry. The strategies of merger, integration and business alliance achieve locational efficiency, but they hardly increase productivity of each complexes. Petrochemical Complex Renaissance Project is aiming to improve productivity by means of alliance of companies which are located close together.
産業学会の論文