DIC Corporation plans building its first polyphenylene sulfide compounds plant

DIC to build polyphenylene sulfide compounds plant in China

7:21 AM, 4th July 2014
DIC Corporation plans building its first polyphenylene sulfide compounds plant

TOKYO, JAPAN: DIC Corporation has resolved to build its first polyphenylene sulfide (PPS) compounds plant in the People’s Republic of China (PRC) in the city of Zhangjiagang, Jiangsu Province. The new plant, total investment in which will be approximately ¥1.3 billion ($12.7 million), will be located within the site occupied by wholly owned subsidiary DIC Zhangjiagang Chemicals Co Ltd, which produces synthetic resins, among others. Annual production capacity will be 6,000 tonne. Construction is expected to begin as soon as official building permits are secured, and to be completed by the end of 2015.

While global demand for PPS compounds continues to grow at 6 per cent – 8 per cent annually, annual growth in demand in the PRC, which leads the world in automobile production, is estimated at well above 10 per cent. Market expansion continues to encourage leading global automobile components manufacturers to set up operations in the PRC, while the need to reduce foreign exchange and logistics risks among others has spurred increased interest in local procurement of PPS compounds from such manufacturers. Building a PPS compounds plant in the PRC will thus position the company to respond to the needs of customers - thereby facilitating our full-scale entry into the local PPS compounds market - and to expand the sales of these products.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

PPG acquires Homax from Olympus Partners

PITTSBURGH, US: PPG Industries announced that its North American architectural coatings business has completed its acquisition of The Homax Group Inc, ...

Read more
Foster Wheeler bags Owens’ manufacturing facility contract in North Carolina, US

ZUG, SWITZERLAND: Foster Wheeler AG’s subsidiary of Global Engineering and Construction Group has been awarded an engineering, procurement and c ...

Read more
CB&I awarded LSB’s ammonia storage tank contract in Arkansas, US

THE WOODLANDS, US: CB&I has been awarded a contract by El Dorado Ammonia LLC, subsidiary of LSB Industries Inc. CB&I will provide engineering, ...

Read more
AMRI completes acquisition of Oso Biopharmaceuticals Manufacturing

ALBANY, US: AMRI has completed the acquisition of Oso Biopharmaceuticals Manufacturing, a former portfolio company of Altaris Capital Partners, LLC. T ...

Read more
Huntsman, Shanghai Chlor-Alkali to double MDI splitting capacity in China

SHANGHAI, CHINA: Huntsman and Shanghai Chlor-Alkali Chemical Co Ltd (SCAC) announced plans to double the MDI (diphenylmethane diisocyanate) splitting ...

Read more
ExxonMobil to install delayed coker unit at Antwerp refinery, Belgium

ANTWERP, BELGIUM: ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical BVBA, plans to install a new delayed coker unit ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X