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

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Indian masterbatch makers growing locally and thinking globally

February 27, 2015 1:30 pm ET

GANDHINAGAR, INDIA — India’s masterbatch makers are expanding their domestic capacity to meet growing demand, as some are also moving...    More

Image

Plastic Omnium makes China investment push

February 26, 2015 4:35 pm ET

Three of the six new plants that automotive molder Plastic Omnium SA plans this year will be in China, part of a broader push it’s making in...    More

Image

Polypropylene prices rise, while PE and PS fall

February 26, 2015 4:01 pm ET

North American prices for polyethylene and polystyrene resins continued to fall in February, while regional prices for polypropylene showed a surprisi...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events