MOSCOW (MRC) -- Asahi Kasei Chemicals has finalized a decision to establish a subsidiary for plastic compounds1 in Mexico, through its US subsidiary Asahi Kasei Plastics North America, Inc., said the producer in its press release.
Having identified an expansion of compounding operations as a critical element in the strategic growth of its engineering plastics business, Asahi Kasei Chemicals has expanded its compounding facilities in both Asia and the US. Continued demand growth for plastic compounds is forecasted in Mexico, where various manufacturing facilities are increasingly located, especially by US, European, and Japanese manufacturers in the automotive industry. The new subsidiary will perform sales and technical support focused on the needs of customers in Mexico, enabling further expansion of business for plastic compounds in the growing Mexican market.
Asahi Kasei Chemicals has operating bases for plastic compounds in Japan, the US, China, Thailand, Singapore, and Belgium. While the new subsidiary will perform sales and technical support in the Mexican market, Asahi Kasei Chemicals will also study the possibility of local manufacturing of plastic compounds in Mexico.
As MRC wrote previously, Asahi Kasei’s (Tokyo, Japan) Fibers division will expand production capacity for polypropylene spunbond nonwovens in Thailand at its subsidiary Asahi Kasei Spunbond (Thailand) Co. AKST will add a new production line of 20,000 metric tons per year capacity which, combined with its existing production line, will double its capacity for spunbond nonwovens to 40,000 m.t/yr. The investment for the capacity expansion is approximately USD5 billion, with a scheduled startup of November 2015.
Asahi Kasei Corporation is a global Japanese chemical company. Its main products are chemicals and materials science.
MRC