Japan’s Toyobo plans to double PE fibre capacity

14 July 2008 12:25  [Source: ICIS news]

TOKYO (ICIS news)--Japanese fibre producer Toyobo plans to double production capacity of its high strength polyethylene (PE) fibre for an investment of yen (Y) 5bn ($46.9m) on robust demand, the company said in a statement on Monday.

 

The company planned to build two new lines for the production of the Dyneema product at its plant in Fukui, which would have a combined capacity of 1,600 tonnes/year, it said.

 

The lines would come on stream in February 2010, the company added.

 

Toyobo had increased the production capacity of Dyneema to 1,600 tonnes/year in January but was experiencing a shortage of supply due to increasing demand, the producer said.

 

The product is used primarily in ropes, fishing lines, gloves and helmets.

 

Toyobo is a leading fibre maker and also produces synthetic resin and medical equipment, designs plants and manufactures machinery.

 

($1 = Y106.2)

 

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By: Tomomi Yokomura
+65 6780 4359

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