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

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search