China: Plastic Compounds Asahi Kasei Plans Construction of Plastic Compounds Plant in China
Asahi Kasei has announced that it plans to construct a new plant for the manufacture of plastic compounds in Changshu, Jiangsu, China.
Tokyo/Japan — According to the company, the new plant in Changshu will reinforce their ability to ensure stable supply to meet both growing demand and heightening customer requirements in China, as part of an ongoing effort to enhance its global supply capability.
Automobile production in China reached a record high in 2016, and is projected to continue to rise substantially. As plastic compounds enable vehicle weight to be reduced by substituting for metal parts, further impetus for demand growth is driven by heightening environmental awareness and tightening environmental regulations.
Under its “Cs for Tomorrow 2018” medium-term management initiative, the manufacturer is advancing a strategic global expansion of its engineering plastics business in the Material sector centered on automotive applications. The company currently has plastic compounds manufacturing and sales facilities in Japan, China, Thailand, Singapore, the United States, Mexico, and Germany.