Teijin, SK Chemicals building new PPS resins plant in South Korea

07 October 2013 04:57  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Teijin and South Korea’s SK Chemicals have started building their joint new polyphenylene sulphide (PPS) resins plant in Ulsan, the Japanese firm said on Monday.

Construction of the 12,000 tonne/year PPS resins plant in South Korea began on 1 October, Teijin said in a statement.

A joint venture firm called INITZ Co was set up – in which Teijin holds a 34% stake and SK Chemicals a 66% stake – to develop and sell PPS resins and compounds.

Demand for PPS resin, a super engineering plastic, is expected to grow in line with the increasing popularity of electric and hybrid vehicles and amid expanding electronics markets in emerging countries, according to Teijin.

By: Nurluqman Suratman

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