20 May 2005 07:05 [Source: ICIS news]
SINGAPORE (CNI)--Japan’s Mitsubishi Rayon Co (MRC) is considering building two new methyl methacrylate (MMA) units in Asia with a total capacity of at least 180,000 tonne/year, sources close to the company told CNI on Friday.
CNI reported earlier that MRC was considering building a plant either in China, Thailand or Taiwan, with possible start-up in 2007-08. Plans for the second unit were not known then. The proposed units would be in addition to a 90,000 tonne/year project currently under construction in Huizhou, Guangdong, China.
The sources said the company was likely to build one unit at its existing MMA production site in Thailand and the second unit in another Asian country which has not been identified. The second unit is not likely to be located in China.
Both projects were targeted to start up in 2007-2011, the sources said, adding that each facility was likely to have a capacity of at least 90,000 tonne/year.
MRC currently operates a MMA facility with a capacity of around 210,000 tonne/year in Ohtake, Hiroshima prefecture in Japan. Its 90,000 tonne/year plant in Mab Ta Phut, ?xml:namespace>
Expected expansion in downstream sheet and poly-MMA capacities was one of the main reasons driving MRC’s decision to consider new MMA facilities, the sources said. Having a production site outside of China would also help the company spread its risks in Asia, they added.
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