09 February 2000 11:30 [Source: ICIS news]
LONDON (CNI)--Dutch group DSM and Japan Synthetic Rubber (JSR) have underlined their renewed faith in the Asian economy by resuming construction work in Tsukuba, Japan on a new plant for the manufacture of high-performance ultra-violet (UV) curable materials.
DSM said Wednesday that the plant, to cost around Euro35m ($34.3m), is now due onstream in the first half of 2001. It was originally due for completion last year but construction work was postponed in 1998 because of the Asian economic crisis.
The plant, which will have a capacity of "well over" 3000 tonne/year, is being built for Japan Fine Coatings, a 50:50 joint venture between JSR and DSM Desotech of Elgin, Illinois. DSM Desotech is part of the DSM Coating Resins business group.
DSM said it was resuming construction work on the plant in anticipation of growing demand for UV-curable materials on the Japanese market.
UV curable materials are used in high-tech industrial applications such as glass fibres and cables for the telecommunications industry, optical media and rapid imaging materials.
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