Asahi Kasei boosting compounding capacity to meet automotive demand

By Rhoda Miel
News Editor

Published: March 21, 2013 4:25 pm ET
Updated: March 21, 2013 4:28 pm ET

Related to this story

Topics Materials, Automotive, Compounding, Materials Suppliers
Companies & Associations Asahi Kasei Plastics North America Inc.

DETROIT — Asahi Kasei Plastics North America Inc. has launched a $5 million expansion of production at its Fowlerville, Mich., compounding operations to meet an expected increase in demand for its materials.

The investment is in addition to the $15 million invested during the previous five years, Prasad Puttagunta, vice president of operations for Asahi Kasei Plastics, said in a March 21 news release.

Asahi Kasei is putting $3 million into a large compounding extruder and peripheral equipment in Fowlerville. The remaining $2 million will be spent throughout the plant on upgrades this year.

The new equipment is expected to be fully operational by the end of 2013, providing a 30 percent capacity increased for Asahi's Thermylene brand of long glass fiber reinforced polypropylene and a 10 percent capacity increase over all product lines.

The company, a subsidiary of Asahi Kasei Chemicals Co., said it has seen more orders for its products — both Themylene and the Leona brand of glass reinforced polyamide — as the North American auto industry looks to reduce weight in its vehicles and improve fuel economy.


Comments

Asahi Kasei boosting compounding capacity to meet automotive demand

By Rhoda Miel
News Editor

Published: March 21, 2013 4:25 pm ET
Updated: March 21, 2013 4:28 pm ET

Post Your Comments


Back to story


More stories

Image

Automakers look under the hood for the next lightweighting opportunities

August 20, 2014 1:06 pm ET

The automotive industry's current favorite target for lightweighting efforts is the powertrain, according to a recent survey.    More

Image

Cooper-Standard JV to focus on Asia

August 20, 2014 10:17 am ET

Cooper Standard Automotive Inc. is forming Cooper Standard Inoac Pte. Ltd. — a joint venture with Inoac Corp. of Japan — to expand the...    More

Image

Ohio molder sold to private equity firm

August 19, 2014 5:23 pm ET

Private equity firm TVV Capital of Nashville has acquired injection molder Design Molded Plastics Inc. for an undisclosed price.    More

Image

Germany's Bolta building $50 million plating plant in Alabama

August 19, 2014 2:21 pm ET

A German company is setting up a plastics chrome plating plant in Tuscaloosa, Ala.    More

Image

ISO publishes international standard for measuring phthalates in toys

August 19, 2014 10:40 am ET

The Geneva-based International Organization for Standardization (ISO) has published an international standard on phthalates used as plasticizers in to...    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