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.


Interviews View All

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Dinaz Madhukar, DLF Emporio and DLF Promenade

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Prabu Mohanram, Balavigna Weaving Mills Pvt Ltd

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Franco Ravazzi,

Franco Ravazzi

Italy-based Tessimenti E Orditi Tinti (T.O.T SRL) specialises in stocking...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search