TOKYO, JAPAN: Nippon Shokubai Co Ltd announced that at the end of 2014 it ceased manufacturing at its Suita Plant in the city of Suita, Japan, a production facility which played a key role in the Company’s growth. In the future, however, the Company plans to bolster its R&D operations in the area by constructing a new research and development facility.
The plant’s production capacity decreased, however, as a result of the transfer of Nippon Shokubai’s unsaturated polyester resin business to Japan Composite Co Ltd, a joint venture between the Company and Mitsui Chemicals, Inc. The proliferation of residences surrounding the plant also created difficult conditions for continuing production.
In light of these circumstances, Nippon Shokubai proceeded to transfer production from the Suita Plant to its other manufacturing facilities and finally terminated the plant’s production operations at the end of 2014.
Looking ahead, Nippon Shokubai plans to bolster its R&D operations in the area as the plant was located by constructing a new research and development facility, scheduled for completion in 2016. Designed to quickly and efficiently take idea creation to the next stage of incubation (including support for new business startups), the new R&D center will actively promote open innovation. It will also speed up the development of new products needed to drive the Company’s growth going forward.
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