9 November 2012
Details
Prime Polymer,
A joint venture between
Mitsui Chemicals (65 %) and
Idemitsu Kosan (35 %),
has decided to set up a new company for
metallocene straight-chain LDPE production
in Singapore.
The metallocene straight-chain LDPE has impressive strength,
airtightness and sealability, combined with low odor and
in fish-eye level.
Prime polymer expects this metallocene products
in Asian market will grow rapidly as
a highly functional sealant material
required for liquid and powder packaging.
The set-up of this new company follows
the plant capacity expansion at
the Ichihara plant, Chiba prefecture,
Japan in November 2011,
from 240,000 to 300,000 tons per year.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Profile of a new company
Company Prime Evolue Singapore Pte. Ltd.
Shareholders Prime Polymer 80 %
Mitsui & Co., Ltd. 20 %
Location Jurong, Singapore
Business Manufacture and sales of
Metallocene straight-chain LDPE
Capacity 300,000 tons per year
Schedule Facility completion in December 2014
Investment US $ 115 million
WWW.CHEMWINFO.COM BY KHUN PHICHAI
