10 April 2013 11:33 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Mitsubishi Plastics plans to build a new production line for high-barrier polyethylene terephthalate (PET) bottles at its plant in Hiratsuka, Kanagawa prefecture, the company said on Wednesday.
The investment was in response to growing demand for bottles for alcohol beverages and containers for cooking oil and condiments, the producer said in a statement.
The new line, which is expected to cost about yen (Y) 1bn ($10.1m) to build, is scheduled to start commercial production in November 2013, it said.
This will more than double Mitsubishi Plastics’ current capacity of high-barrier PET bottles, the producer said without providing actual figures.
The company currently produces high-barrier PET bottles only at its Asai plant in Nagahama, Shiga prefecture, it added.
($1 = Y99.2)
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