TEIJIN CHEMICALS LTD. to Establish New Polycarbonate Resin Company in China

05-Dec-2002

TEIJIN CHEMICALS LTD. the core company of the Teijin's Plastic Business Group, plans to set up a polycarbonate resin production and sales company in Zhejiang Province, in China.

The new company will be established in January 2003, and will begin operation of its first production line in April 2005 with a capacity of 50,000 tons per year. For the next stage, TEIJIN CHEMICALS will add another production line that will double capacity to 100,000 tons per year.

Some two million tons of polycarbonate resin is produced each year and this is expected to grow by 7% per year for the mid-term future. Demand in China is expected to grow faster than in any other country, at more than 10%. The decision to establish a new company in China was made to meet this expected demand.

Currently TEIJIN CHEMICALS produces polycarbonate resin in Japan at a plant in Matsuyama City, Ehime Prefecture and in Singapore, and will have total production capacity of 300,000 tons per year by the end of this year. The company plans to begin operations in China from mid 2003, and construction is underway at a production plant for polycarbonate resin and ABS resin compounds in Shanghai. At the same time, while responding to growing demand in the Chinese market, the company will endeavor to strengthen its global competitive capabilities in the polycarbonate resin business.

The new company will be located in the Zhapu Development Zone in Jiaxing City, where the Zhejiang government is actively inviting companies to set up operations in an industrial park for the petrochemical industry. Jiaxing City is in eastern China where industrial development is proceeding rapidly.

The plant is conveniently located 90 minutes by car from central Shanghai and is close to polycarbonate resin users in cities such as Kunshan, Suzhou, Hangzhou, and Ningbo. The nearby port ensures convenient shipping connections as well, helping to maintain high expectations for future developments.

https://www.chemeurope.com/en/news/16453/teijin-chemicals-ltd-to-establish-new-polycarbonate-resin-company-in-china.html