MOSCOW (MRC) -- Japan Polypropylene, a subsidiary of Mitsubishi Chemical Holdings, plans to build a new polypropylene (PP) plant in Ichihara, Chiba Prefecture, in fiscal 2019, according to the Nikkei Asian Review.
The company has been working to reduce capacity by 30% from 2009 levels to 870,000 tons a year by 2017.
The approximately 150,000-t/y PP unit will replace two older plants, which will discontinue operations to keep overall capacity at the same level. Some equipment from the older units will be used in the new plant, "helping keep investment costs to several billion yen," the report said.
Not including labor expenses, production costs are expected to be 15% lower than at its existing plants.
Japan Polypropylene Corporation engages in the research, development, manufacture, and sale of polypropylene resin in Japan. Its products include WINTEC resins, the metallocene catalyzed random copolymers for various applications; and WELNEX, a metallocene-based flexible reactor made thermoplastic elastomer. The company was founded in 2003 and is based in Minato-ku, Japan. Japan Polypropylene Corporation operates as a subsidiary of Japan Polychem Corporation, which is, in its turn, is a wholly owned subsidiary of Mitsubishi Chemical Corporation.