11 July 2013 10:27 [Source: ICIS news]
Correction: In the ICIS story headlined “Japan's Teijin to build meta-aramid plant in Thailand” dated 11 July 2013, please read in the third paragraph … plans to establish in Ayutthaya at the end of August 2013 … instead of … plans to establish in Ayutthaya at the end of 2013 … A corrected story follows.
TOKYO (ICIS)--Japanese chemical producer Teijin plans to build a new 2,200 tonne/year meta-aramid fibre plant at its site in Bangpa-In, Ayutthaya, Thailand, to meet growing demand in Asia, a company official said on Thursday.
Construction of the plant is scheduled to begin in December 2013 and expected to come onstream in July 2015, said Masaya Endo, the general manager of the high performance fibres business unit.
The plant will be run by a new 100% subsidiary Teijin plans to establish in Ayutthaya at the end of August 2013, according to Endo.
Total investment cost for the plant is estimated at yen (Y) 4.5bn ($45m), Endo said.
The plant will produce a “completely new meta-aramid product,” which will be produced using a technology developed by Teijin.
Demand for meta-ramid fibres has been growing in Asia, particularly in India and China, where government standards for fire-resistant regulations have become stricter to protect workers, Endo added.
Meta-aramid is used as a life protection clothing material such as protective gear for firefighters, among other purposes.
Teijin currently produces 2,700 tonnes/year of its existing meta-aramid product Teijinconex at its plant in Iwakuni, Yamaguchi prefecture, Japan.
The new para-aramid plant in Thailand will complete the establishment of Teijin’s global operations for meta- and para-aramid, Endo said.
Teijin produces an undisclosed amount of para-aramid, another type of aramid fibre, in Matsushima, Ehime prefecture, in Japan and in Emmen, the Netherlands.
($1 = Y 100.17)
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