Home / Knowledge / News / Textiles / Asahi-Marubeni-PTT to set up ACN & MMA plants in Thailand
Asahi-Marubeni-PTT to set up ACN & MMA plants in Thailand
28
Mar '08
Asahi Kasei Chemicals Corp (AKCC), PTT Public Company Limited of Thailand, and Marubeni Corp have reached agreement to construct acrylonitrile (AN) and methyl methacrylate (MMA) plants in Thailand through a joint venture. Production capacities will be 200 thousand tons/year of AN and 70 thousand tons/year of MMA, with start-up scheduled for late 2010.

AKCC's AN business is the largest in Asia, where steady market growth is forecast, and the second largest in the world. Identified as a global growth business in the Asahi Kasei Group's Growth Action – 2010 strategic mid-term initiative, the AN business is a high priority for expansion through focused allocation of management resources.

The new AN plant in Thailand will use the world's first commercial process for AN production from propane feedstock, a process developed by AKCC. The use of competitive-cost propane as feed enables lower production cost than the conventional process for AN, which relies on propylene feed. With a stable, competitive supply of propane secured by PTT, the new plant will enjoy exceptional cost competitiveness in the global market for AN, serving as an important key in the strategic expansion of AKCC's AN business.

The new plant will also raise AKCC's total acrylonitrile (ACN/AN) supply capacity to nearly match that of the world-leading position, and AKCC is planning an additional AN plant in the Middle East which will secure the company's place as the world's largest supplier upon targeted start-up by 2014.


Must ReadView All

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Textiles | On 23rd May 2018

IOC, MPCI to set up ₹1000 cr PSF unit in Odisha

Indian Oil Corporation (IOC) has teamed up with Materials Chemicals...

Courtesy: Marks and Spencer

Apparel/Garments | On 23rd May 2018

M&S to close 14 Clothing & Home stores by 2019

Marks & Spencer (M&S), a leading British multi-national retailer,...

Garment products dominate across textile businesses: FESPA

Textiles | On 23rd May 2018

Garment products dominate across textile businesses: FESPA

Garment products dominate across all textile businesses, with sports...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search