Home / Knowledge / News / Textiles / Nippon Shokubai to expand acrylic acid plant in Indonesia

Nippon Shokubai to expand acrylic acid plant in Indonesia

23
Nov '18
Nippon Shokubai to expand acrylic acid plant in Indonesia
Nippon Shokubai Company Ltd has announced that its board has given approval to the investment plan at PT Nippon Shokubai Indonesia (NSI), its subsidiary in Indonesia. The plan is to build acrylic acid plant with capacity of 100,000 metric tons per year, thus increasing Nippon Shokubai group’s global acrylic acid production capacity to 980,000 tons per year.

Acrylic acid (AA) is one of the core businesses of Nippon Shokubai. “There is a steady growth of demand as AA is a key material of superabsorbent polymer (SAP) and acrylate (AES) etc. In recent years, the demand and supply balance of AA is highly tight especially in Asia,” the Japanese company said in a press release.

Nippon Shokubai has decided on further expansion of AA to accommodate the demand and fulfill its duty to supply products. It took into consideration NSI’s location in Asia and the expectation for synergistic effect with the existing plant.

Post expansion, Nippon Shokubai will ensure more stable supply of AA, with 540,000 tons per year production capacity in Japan and another 440,000 tons per year capacity overseas.

NSI currently has AA production capacity of 140,000 tons per year at its existing plant site in Cilegon, Indonesia. With an investment of approximately $200 million, the capacity would be increased to 240,000 tons per year by March 2021, with commercial operation expected to begin in November 2021.

“The project makes no influence on the business results of the current fiscal year ending on March 31, 2019. As for the business results in future, after the operation begins in 2021, Nippon Shokubai will maintain and improve profitability by utilising the new plant effectively,” the release said. (RKS)

Fibre2Fashion News Desk – India


Interviews View All

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

Franco Ravazzi,

Franco Ravazzi

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

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

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

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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


December 2019

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


Advanced Search