24 January 2007 09:53 [Source: ICIS news]
TOKYO (ICIS news)--Kureha is considering plans for a new polyphenylene sulphide (PPS) resin unit, a spokesman from the Japanese chemical producer said on Wednesday.
The company’s ?xml:namespace>
He said that if the new unit was built at
The existing PPS unit at
Kureha is also looking at overseas locations for the new unit including Europe,
The plant is scheduled to start commercial production around July, he added.
PPS, a super engineering plastic, is used in the electrical, electronic and automobile industries.
It has high dimension stability and thermal resistance, which makes it ideal for use in high-tech industrial applications, the company said.
According to previous ICIS news reports, Kureha was conducting a feasibility study in early 2005 into building a new plant of up to 10,000 tonnes/year capacity in
The spokesman said the study had been finished, but no details have yet been decided.
Kureha’s net sales of performance products have been growing in recent years, the company said recently.
Net sales of performance products were Japanese yen (Y) 31.6bn ($261m) from March 2006.
The company forecasts this to increase to Y34bn by March 2007, Y38.9bn by March 2008 and Y44bn by March 2009.
Kureha expects sales of PPS to continue increasing and lead performance product growth, both in sales and profits, from March 2008 onwards.
According to Kureha, the company’s PPS product, called Fortron, took up 37% of the global PPS share in 2006, which stood at 50,000 tonnes.
This ratio should be 39% in 2008, when the global share was forecast to reach 63,000 tonnes, the company said.
($1 = Y121.2)
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