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Article: CHINA: Joint venture construction plans for proposed 10,000 metric ton per year polypropylene (PP) plant to be followed by the doubling of production, SUMITOMO CHEMICALS, TOYO INK MANUFACTURING [Japan] & SUMIKA POLYMER COMPOUNDS (ZHUHAI) [China].
- Article from:
- WWP- Report on Oil Gas & Petrochemicals in the Developing World
- Article date:
- May 1, 2005
CopyrightCOPYRIGHT 2005 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW:
A Sino/Japanese joint venture was recently established in order to build a new polypropylene (PP) plant in China. The partners in the planned undertaking and their respective shareholdings include Japan-based SUMITOMO CHEMICALS (55%) and TOYO INK MANUFACTURING in conjunction with the local SUMIKA POLYMER COMPOUNDS (ZHUHAI) which will hold the balance of the equity.
Construction plans call for building a PP factory with an initial installed production capacity of 10,000 meters per year. The new facility, of undisclosed cost, is to be sited at Zhuhai in Guangdong Province. Longer-term plans call for doubling production output at a ...
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