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.

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