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

LLDPE, PP sales grow in US, Canada

August 1, 2014 10:30 am ET

Other commodity resins lagged behind their rates from the first half of the previous year.    More

Westlake Chemical Partners has strong stock opening

August 1, 2014 10:13 am ET

Westlake Chemical Partners LP debuted July 31 on the New York Stock Exchange at $24 per share, but jumped 28 percent by the end of the day.    More

Image

Italy's GSI Group opening 3 plants in Brazil

August 1, 2014 9:18 am ET

The producer of assembled plastic parts for machinery and vehicle manufacturers invested $15.5 million over the past year in three new production...    More

Arburg expands facility in the Czech Republic

August 1, 2014 8:56 am ET

Germany-based machinery company, Arburg, has extended its subsidiary in Czech Republic.    More

Medical manufacturer adds clean room, machinery

August 1, 2014 8:39 am ET

Medical component maker UFP Technologies Inc. expanded its Georgetown, Mass., operation with the addition of a clean room and high volume equipment.    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

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