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.
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