09 December 2002 03:00 [Source: ICIS news]
SINGAPORE (CNI)--Japan's Tosoh Corp will build a new Yen5bn ($40.6m/Eur40.2m) facility at its Nanyo complex in Yamaguchi Prefecture to supply subsidiary company Nippon Polyurethane Industry (NPU) with carbon monoxide for urethane production.
Tosoh said NPU was currently producing raw materials using coke as a feedstock and the switch to carbon monoxide would allow for lower-cost production and increased efficiency. NPU is 65% owned by Hodogaya Chemical Co. and 35% owned by Tosoh. Tosoh is also Hodogaya Chemical's principal shareholder, with a 21.4% stake.
NPU is a leading supplier of isocyanates to the polyurethane industry in Japan and Asia. NPU maintains the largest production capacities within the Asia-Pacific region for several key polyurethane products, such as methyl di-p-phenylene isocyanate (MDI), toluene di-p-phenylene (TDI) and isocyanate derivatives.
With production of over 1m tonne/tear, Tosoh is Asia's largest chloralkali producer.
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