OSAKA, JAPAN (Oct. 17, 2 p.m. ET) — Daikin Industries Ltd. plans to spend 1.2 billion yen ($15.6 million) to set up production of Zeffle fluoropolymer coatings at its Daikin Fluorochemicals (China) Co. Ltd. plant in Changshu, China.
Production is scheduled to begin in June 2013. The plant will make coatings for the photovoltaic market.
Photovoltaic backsheets coated with Zeffle fluoropolymers have improved weather resistance.
The plant will supply the North American PV market. Daikin Industries is based in Osaka.