Kuraray : PTTGC announces $4 billion five-year-investment plan for eastern Thailand
September 12, 2017 at 05:34 am EDT
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BANGKOK (Reuters) - PTT Global Chemical Pcl (>> PTT Global Chemical PCL), Thailand's largest petrochemical producer, on Tuesday announced a $4 billion (3 billion pounds) investment plan over the next five years in an industrial development on the eastern seaboard.
BANGKOK (Reuters) - PTT Global Chemical Pcl (>> PTT Global Chemical PCL), Thailand's largest petrochemical producer, on Tuesday announced a $4 billion (3 billion pounds) investment plan over the next five years in an industrial development on the eastern seaboard.
The investment plan also includes a naphtha cracker plant at the existing PTTGC facility in Map Ta Phut which will put production capacity at 500,000 tons per year for ethylene and 250,000 tons per year for propylene.
PTTGC also signed an agreement with Japanese Kuraray Co (>> Kuraray Co Ltd) and Sumitomo Corp (>> Sumitomo Corp) to study the possibility of producing High-Heat Resistant Polyamide-9T and Hydrogenated Styenic Block Copolymer.
(Reporting by Panu Wongcha-um; Editing by Christian Schmollinger)
Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).
KURARAY CO., LTD 
