DIC expands into European PPS market, with new plant acquisition

DIC expands into European PPS market, with new plant and acquisition

4:40 AM, 12th October 2011
DIC expands into European PPS market, with new plant and acquisition

 

TOKYO, JAPAN: DIC Corporation will build a new plant for polyphenylene sulfide (PPS) compounds in Vienna, Austria - representing an investment of €14 million (about ¥1.5 billion). The new plant is scheduled for completion in 2012, having an annual production capacity of 6,000 metric tonne, with the future option to expand production lines to 10,000 metric tonne.

Also on September 30, 2011, DIC and Solvay Group agreed for DIC to acquire Solvay’s PPS compounds business. The acquisition will give DIC a strong foothold in the European market.

In recent years, DIC has stepped up market development efforts in Europe. Annual demand for PPS compounds in Europe is currently estimated at approximately 15,000 metric tonne - which is second to Japan’s 30,000 metric tonne and is expected to continue growing by 6-8 per cent, particularly for use in automotive electronics. Full-scale entry into the European market is made possible by the new plant and business acquisition, giving it local production capabilities. This will enable DIC to better accommodate customer needs and shorten delivery times. 

The approximately ¥1.5 billion investment in Austria represents the group’s second major initiative designed to expand its production capacity for PPS compounds.

(C) WOC News

 

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