Kaneka Corporation to Build Polyolefin Foam Production Plant in Thailand

Specifications:

Name:

Kaneka Corporation to Build Polyolefin Foam Production Plant in Thailand

Location:

Thailand

Company:

Kaneka Corporation

Estimated Cost:

2 billion yen

Source:

kaneka.co.jp

Introduction:

Kaneka Corporation Plans to establish a new plant of expanded polyolefin foam (product name: EPERAN™, EPERAN™-PP) in Hemaraj Eastern Seaboard Industrial Estate, Rayong, Thailand aiming at a further business expansion as well as meeting the increasing demand in the Southeast Asia and India region.

Features:

The invest will approximately 2 billion yen to start operation capable of producing 3,000 ton of products per year in September 2018. Prior to the operation of the new plant, we open our Bangkok Office (provisional name) under Kaneka (Thailand) Co., Ltd. as a marketing office in October.

The expanded polyolefin foam market in the Southeast Asia and India region is expected to grow over 30% in 2020 compared with 2015, mainly in automobile application due to an expanding number of automobile production and increasing needs for weight reduction. We will expand a global supply network in addition to the existing plant locations in Japan, Europe, China and Malaysia to accelerate the business expansion by building a new plant in Thailand which is the center of the automobile industry and has the greatest demand for the expanded polyolefin foam in the region.

EPERAN™ and EPERAN™-PP are product names of expanded polyethylene foam and of expanded polypropylene respectively. They feature excellent heat resistance, shock resistance and chemical resistance.