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 Materials, Joint Venture, Automotive, Polypropylene, Compounding, Materials Suppliers
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

Optical disc molder OEM getting into micromolding with acquisition of CDA

August 29, 2014 11:24 am ET

Optical disc replicator and molder Optical Experts Manufacturing Inc. of Charlotte, N.C., has expanded its core business and entered new high...    More

Image

Poor plastic coating prompts cable recall

August 29, 2014 2:10 pm ET

Australia's competition regulator, the Australian Competition and Consumer Commission (ACCC), has ordered a major recall of 2,485 miles of electrical ...    More

Image

Baxter investing $300 million to expand dialyzers production in Alabama

August 29, 2014 12:53 pm ET

Baxter International, Inc. is expanding its Opelika, Ala. manufacturing location to boost production of dialyzers, a key component of hemodialysis...    More

Image

Obituary: Jerry Williams, Prism Plastics co-owner

August 29, 2014 8:50 am ET

Williams founded Prism Plastics with Rod Bricker and Gerry Phillips, after the three left Huron Plastics Group in 1999.    More

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean a...    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events