The development of polyoxymethylene in Japan in Asia

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Japanese companies accelerating expansion of polyoxymethylene production in Asia. Clicks: 12. Publication date: 2011-7-25 8:12:39. The rapid economic growth in Asia is driving demand for polyoxymethylene in the automotive and electronics industries. To meet market demand, Japanese chemical companies are accelerating the expansion of their polyoxymethylene resin production capacity in Asia. According to Polyplastics of Japan, global demand for polyoxymethylene this year is expected to reach 900,000 tons, with over half of that coming from Asia. The market demand for polyoxymethylene in Asia is growing at an annual rate of 4% to 8%. On June 3, Japan’s Mitsubishi Gas Chemical Company stated that by 2013 it would increase its polyoxymethylene production capacity in Thailand from the current 55,000 tons per year to 100,000 tons per year. The polyoxymethylene plant in Matara Province, Thailand, whose capacity is currently 55,000 tons per year, will have its production capacity raised to 60,000 tons per year. In addition, a new facility with a capacity of 40,000 tons per year will be built, with plans to put it into commercial operation in the second quarter of 2013. The company’s current polyoxymethylene plant in Thailand is operated by Polyactal, with Mitsubishi Gas Chemical holding 70% of its shares. Mitsubishi Gas Chemical also stated that due to the limited capacity expansion options for the project in Thailand, it is considering other **new projects; taking into account both the availability of raw materials and proximity to markets, it prefers to build a new plant in Brunei. Mitsubishi Gas Chemical Company currently has a total polyoxymethylene production capacity of 225,000 tons per year, with facilities located in Japan, Thailand, South Korea, and China. On July 12, Boron Plastics Company stated that it would build a new large-scale polyoxymethylene engineering plastic production facility at its plant in Kuantan County, Malaysia. This plant, with a design capacity of 90,000 tons per year, will be operated by Polymaker Asia Pacific’s subsidiary in Kuala Lumpur. It is expected to come online at the beginning of 2014; once operational, the company’s polyoxymethylene production capacity in Kuantan will increase from the current 30,000 tons per year to 120,000 tons per year. Its global production capacity will then reach 290,000 tons per year, accounting for about one-third of the world’s demand for polyoxymethylene engineering plastics. The device will utilize a patented polymerization technology based on methanol as a raw material. Boride Plastics currently has 4 polyoxymethylene production facilities, located in Fuji, Japan; Kaohsiung, Taiwan, China; Nantong, China; and Kuantan, Malaysia. Boride Plastics is a joint venture, with Nippon Dairin Chemical holding 55% of the shares and Tycona of the United States holding 45%. The sustained rapid growth of the Asian economy is driving demand for polyoxymethylene in the automotive and electronics industries. To meet market demand, Japanese chemical companies are accelerating the expansion of their polyoxymethylene resin production capacity in Asia. According to Polyplastics of Japan, global demand for polyoxymethylene this year is expected to reach 900,000 tons, with over half of that coming from Asia. The market demand for polyoxymethylene in Asia is growing at an annual rate of 4% to 8%. On June 3, Japan’s Mitsubishi Gas Chemical Company stated that by 2013 it would increase its polyoxymethylene production capacity in Thailand from the current 55,000 tons per year to 100,000 tons per year. The polyoxymethylene plant in Matara Province, Thailand, whose capacity is currently 55,000 tons per year, will have its production capacity raised to 60,000 tons per year. In addition, a new facility with a capacity of 40,000 tons per year will be built, with plans to put it into commercial operation in the second quarter of 2013. The company’s current polyoxymethylene plant in Thailand is operated by Polyactal, with Mitsubishi Gas Chemical holding 70% of its shares. Mitsubishi Gas Chemical also stated that due to the limited capacity expansion options for the project in Thailand, it is considering other **new projects; taking into account both the availability of raw materials and proximity to markets, it prefers to build a new plant in Brunei. Mitsubishi Gas Chemical Company currently has a total polyoxymethylene production capacity of 225,000 tons per year, with facilities located in Japan, Thailand, South Korea, and China. On July 12, Boron Plastics Company stated that it would build a new large-scale polyoxymethylene engineering plastic production facility at its plant in Kuantan County, Malaysia. This plant, with a design capacity of 90,000 tons per year, will be operated by Polymaker Asia Pacific’s subsidiary in Kuala Lumpur. It is expected to come online at the beginning of 2014; once operational, the company’s polyoxymethylene production capacity in Kuantan will increase from the current 30,000 tons per year to 120,000 tons per year. Its global production capacity will then reach 290,000 tons per year, accounting for about one-third of the world’s demand for polyoxymethylene engineering plastics. The device will utilize a patented polymerization technology based on methanol as a raw material. Boride Plastics currently has 4 polyoxymethylene production facilities, located in Fuji, Japan; Kaohsiung, Taiwan, China; Nantong, China; and Kuantan, Malaysia. Boride Plastics is a joint venture, with Nippon Dairin Chemical holding 55% of the shares and Tycona of the United States holding 45%.