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Tosoh Quartz Corporation to establish subsidiary corporation and production facility in South Korea

January 13/2020

MOSCOW (MRC) -- Tosoh Quartz Corporation, a group company of Tosoh Corporation that is headquartered in Tokyo, Japan, will establish a subsidiary corporation and a quartzware production facility in South Korea, said the company.

It plans to have the subsidiary corporation established before the end of fiscal year 2020, and to start production at the production facility within fiscal 2021.

Tosoh Quartz Corporation will make a capital investment in South Korea as the nation plays a major role in the growing demand for semiconductors. The South Korea-based quartzware production facility will join its sister companies in Japan and Taiwan to further strengthen the companyís quartzware manufacturing capabilities. It will feature world-class technologies and will continue to expand on the expertise accumulated through the companyís operations in Japan and Taiwan to respond to the rising global demand for quartzware.

The global semiconductor and quartzware markets are forecast to expand. The forecast anticipates growing demand for semiconductors for increased smartphone data capacity, for Internet of Things (IoT) devices, for artificial intelligence (AI) uses, and for a rising number of automotive applications spurred by the advancement of electric vehicle and autonomous driving technologies. Tosoh Quartz Corporationís implementation of its plans in South Korea will ensure that the Tosoh Group keeps pace with this rapidly expanding demand. The companyís Korean operations will also boost the profitability of Tosohís advanced materials businesses.

As MRC reported previously, Tosoh Corp restarted its 527,000 tpa naphtha cracker in Yokkaichi, central Japan, after planned maintenance in mid-April, 2016. The cracker was shut on 8 March, 2016. The company also conducted an unscheduled turnaround at this cracker from 20 to 26 February, 2019.

The company runs two low-density polyethylene (LDPE) lines with a combined production capacity of 56,000 mt/year and a 43,000 mt/year LDPE/ ethyl vinyl acetate (EVA) swing plant at the same site. It also runs 120,000 mt/year high density polyethylene (HDPE) plant.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,904,410 tonnes in the first eleven months of 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments increased from both domestic producers and foreign suppliers. The PP consumption in the Russian market was 1,161,830 tonnes in January-November 2019, up by 7% year on year. Deliveries of all grades of propylene polymers increased, with the homopolymer PP segment accounting for the largest increase.

Tosoh is one of the largest chlor-alkali manufacturers in Asia. The company supplies the plastic resins and an array of the basic chemicals that support modern life. Tosoh's petrochemical operations supply ethylene, polymers, and polyethylene.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, homopolymer PP, propylene, ethylene, electrical goods, Tosoh, Russia, South Korea, Japan.
Category:General News
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