Ohio polypropylene compounding joint venture expanding

By Frank Esposito
Senior Staff Reporter

Published: January 25, 2013 1:32 pm ET
Updated: January 25, 2013 1:36 pm ET

Related to this story

Topics Automotive, Materials, Materials Suppliers, Joint Venture, Polypropylene, Compounding
Companies & Associations Mitsui Chemicals Inc.

SIDNEY, OHIO -- A rebound in the North American automotive market is leading Mitsui Chemicals Inc. and Prime Polymer Co. Ltd. to increase the size of a planned compounding expansion at a plant in Sidney, Ohio.

The change will add about 30 million pounds of polypropylene compound capacity to a 60 million pound expansion that the firms had announced in May. The expansion will take place at a plant operated by Advanced Composites Inc., a joint venture between the two Tokyo-based firms. The new capacity should come online in the second half of 2013, giving the Sidney plant just over 590 million pounds of annual capacity.

"Although the North American automobile industry was negatively impacted by the global financial crisis, currently the market has returned to normalcy with forecasts of significant growth in the future," officials with Mitsui and Prime Polymer said in a Jan. 17 news release.

North American auto builds totaled almost 15 million last year after bottoming out at less than 9 million in 2009 as a recession hit the market. Many vehicles also now have more plastic content, as carmakers seek lightweight to meet mileage standards.

Mitsui and Prime Polymer previously announced a 55 million pound PP compound capacity addition at an Advanced Composites plant in Aguascalientes, Mexico, that will be up and running by the end of 2013. In May, Prime expanded its compounding holdings by acquiring a majority stake in Brazilian compounder Produmaster Industria e Comercio Ltda.

Mitsui owns 65 percent of Prime Polymer, which operates almost 3 billion pounds of annual PP capacity and 1.5 billion pounds of annual polyethylene capacity.


Comments

Ohio polypropylene compounding joint venture expanding

By Frank Esposito
Senior Staff Reporter

Published: January 25, 2013 1:32 pm ET
Updated: January 25, 2013 1:36 pm ET

Post Your Comments


Back to story


More stories

Image

Talent disconnect: industry/academia

May 17, 2013 3:31 pm ET

The competition for qualified workers is getting tougher. How can a manufacturer tackle the challenges?    More

Housewares molder RCTenn expanding

May 17, 2013 3:23 pm ET

GALLATIN, TENN. — Custom injection molder RCTenn LLC will spend $1.3 million to expand in Gallatin, adding equipment, floor space and employees.    More

Image

Packaging award winners highlight collaboration and security

May 17, 2013 9:06 am ET

WILMINGTON, DEL. — In remote villages in sub-Saharan Africa, medicine can be hard to find, while Coca-Cola is virtually everywhere. So ColaLife,...    More

Milliken filing infringement suits

May 17, 2013 2:52 pm ET

SPARTANBURG, S.C. -- Specialty chemicals and textiles maker Milliken & Co. has filed lawsuits against several Asian competitors, claiming they have in...    More

Upcoming Plastics News Events

June 4, 2013 - June 5, 2013Workforce Solutions West 2013

September 17, 2013 - September 18, 2013Plastics Caps & Closures 2013

November 12, 2013 - November 14, 2013Plastics Building Innovations 2013 Conference

More Events

Market Reports

Automotive Market Review and Outlook 2013 - North America

Plastics News' experts analyze North American automotive sector performance and prospects for future growth. View analysis of automobile manufacturers operating in the region as well as plastics processors that support the sector. Get perspectives from industry thought leaders on trends, product design, and the market outlook.

Learn more

Plastics News Thermoformers 2013 (Full Ranking)

Access data on 224 thermoformers including sales, throughput, number of presses, end markets served, materials processed, and plant locations.

Learn more