Advanced Composites adding PP compounding in Ohio and Mexico

By Frank Esposito
Senior Staff Reporter

Published: November 8, 2013 11:09 am ET
Updated: November 8, 2013 11:11 am ET

Related to this story

Topics Automotive, Materials, Materials Suppliers, Joint Venture, Compounding

Advanced Composites Inc. is adding almost 75 million pounds of polypropylene compounding capacity at plants in Ohio and Mexico.

ACI — a joint venture between Tokyo firms Mitsui Chemicals Inc. and Prime Polymer Co. Ltd. — will add about 46 million pounds of capacity in Sidney, Ohio, and about 29 million pounds in Aguascalientes, Mexico. In a Nov. 7 news release, officials with Mitsui and Prime Polymer said the new capacity is needed to meet growing demand from the automotive sector.

North American auto builds have been improving and now are close to levels reached before the recession.

“Although the North American automotive industry was negatively impacted by the global financial crisis, the market has returned to normalcy with forecasts of significant growth in the future,” officials said in the release.

The expansion in North America will help the joint venture “contribute to global strategies of automobile manufacturers,” Mitsui managing executive officer Akio Ayukawa added.

The expansions also will allow ACI to improve its R&D operations at both sites. The firm already in the last 18 months had announced plans to increase its PP compounding capacity by 90 million pounds in Sidney and by 55 million pounds in Aguascalientes.

When the expansions are complete, ACI will operate almost 640 million pounds of PP compounding capacity in Sidney and more than 180 million pounds in Aguascalientes.


Comments

Advanced Composites adding PP compounding in Ohio and Mexico

By Frank Esposito
Senior Staff Reporter

Published: November 8, 2013 11:09 am ET
Updated: November 8, 2013 11:11 am ET

Post Your Comments


Back to story


More stories

RheTech to commercialize hemp fibers to replace glass in PP

November 27, 2014 6:00 am ET

RheTech Inc. plan to commercialize its first hemp fiber compounds in January.    More

Image

Market growing, but compounders say customers remain 'cautious'

November 27, 2014 6:00 am ET

Everywhere they've looked, North American compounders and concentrate makers have seen numbers on the rise in 2014.    More

Image

Americhem beats weather woes at start of 2014 for good fiscal year

November 26, 2014 9:45 am ET

Gains from the automotive and construction markets provided a strong fiscal 2014 for Americhem Inc.    More

Image

PE prices drop for first time in two years, PP down 5 cents

November 26, 2014 10:22 am ET

North American polyethylene buyers might want to circle November 2014 in red on their calendars — since PE prices this month have fallen for...    More

Image

Visteon in talks to sell its stake in Halla Visteon Climate Control JV

November 26, 2014 9:07 am ET

Visteon Corp. confirmed this morning that it is in discussions with a private equity firm to sell its stake in South Korean joint venture Halla Visteo...    More

Market Reports

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

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

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

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

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events