Japan’s Kao to build industrial chemicals plant in Shanghai, China
06 June 2012 10:50 [Source: ICIS news]
TOKYO (ICIS)--?xml:namespace>Japan’s Kao Corp said on Wednesday it plans to invest about yen (Y) 5bn ($64m) to build an industrial chemicals production facility in Shanghai, China.
The plant, which will be located at the Jinshan district in Shanghai, is expected to produce surfactants, with commercial production slated in 2014, the company said in a statement.
A new company named Kao (Shanghai) Chemical Industries was established to operate the plant, Kao Corp said.
Details on the construction schedule and capacity of the surfactants plant were not disclosed.
Surfactants are used as raw materials for various industrial-use cleaners and toiletries, and materials used for molding.
“We just had a signing ceremony with the government officials of Shanghai today [Wednesday], and we have yet to acquire land [for the plant],” a company official said in Japanese.
($1 = Y78.7)By: Tomomi Yokomura+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial
to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free
trial to ICIS Chemical Business.