24 April 2013 05:46 [Source: ICIS news]
SINGAPORE (ICIS)--Asahi Kasei Chemicals has granted a manufacturing technology license for the production of polymethyl methacrylate (PMMA) to Thailand’s PTT, the Japanese producer said on Wednesday.
The two companies have equal stakes of 48.5% each in Thailand-based PTT Asahi Chemical Co (PTTAC), which produces acrylonitrile (ACN) and methyl methacrylate (MMA), that began full-scale commercial operations in January this year, Asahi Kasei said in a statement.
The remaining 3% in PTTAC is held by Japanese trader Marubeni.
“The technology license enables PTT to achieve its plan to produce 40,000 tonnes of PMMA per year using MMA from PTTAC, while enhancing PTTAC’s MMA derivatives business,” Asahi Kasei Chemicals said in the statement.
PTTAC produces 200,000 tonnes/year of ACN, 70,000 tonnes/year of MMA and 16,000 tonnes/year of ammonium sulphate at its production site in Map Ta Phut.
Financial details of the licensing deal were not disclosed.
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