Mitsui Elastomers builds $178m Singapore unit

23 July 2008 06:37  [Source: ICIS news]

SINAGPORE (ICIS news)--Mitsui Elastomers Singapore (MELS), a wholly owned subsidiary of Mitsui Chemicals, has started building a 100,000 tonne/year alpha-olefin copolymer (Tafmer) plant on Jurong Island, Singapore, the company said on Wednesday.

"This Mitsui elastomers project marks another milestone in the strong and comprehensive partnership between Mitsui Chemicals and Singapore," said Julian Ho, executive director for energy, chemicals & engineering services cluster of the Singapore Economic Development Board (EDB). 

The yen (Y)19bn ($178m) project was in line with the country’s aim to diversify Singapore's chemicals industry by focusing on the development of the high-value advanced materials sector, he added.

The plant, which would bring the company’s total production capacity in Singapore to 200,000 tonnes/year, was slated to be completed by December 2009 with commercial production scheduled to commence in March 2010, it said.

Tafmer is a flexible and light resin modifier, which is used in a wide range of applications in the automotive, industrial and packaging industry.

($1=Y106.75)

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By: Brian Myung
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