S Korea's Atoglas aims for China PMMA plant in 2007

22 December 2004 01:01  [Source: ICIS news]

SINGAPORE (CNI)--Atoglas Korea could have a polymethyl methacrylate (PMMA) plant in China onstream by mid-2007, a company official told CNI on Wednesday.

 

The company, a subsidiary of Atofina, debottlenecked its plant at Jinhae, South Korea, and raised its capacity to 40 000 tonne/year, up from 22 500 tonne/year, in June.

 

The official said that demand for PMMA has been high, especially from South Korean and Taiwanese liquid crystal display (LCD) makers.

 

“The market is very good and we have been enjoying very good profits from our Jinhae PMMA plant ever since we expanded the capacity. The demand from China is increasing, and it might be a good time to make inroads there,” he added.

 

“Our feasibility study on a plant in China will be completed in the middle of 2005, and we will make a decision then. But the main factor will be market conditions, and it is reasonable to believe that the demand from China will continue to grow over the next few years.

 

“I think the company will decide to go ahead with the plant. If we do, construction is likely to start by the first quarter of 2006 with the plant starting commercial production in 2007.”

By: Siva Govindasamy
+65 6780 4359

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