6 March 2013
Details
Hitachi Chemical Co., Ltd.
announces that its subsidiary,
Hitachi Chemical (Nantong) Co., Ltd. (HCNT),
has commenced operation as
a manufacturing and sales base
for the functional resin and chemical material business
in China.
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Overview of Hitachi Chemical (Nantong) ( HCNT)
Location Technological Development Area Nantong,
Jiangsu province, China
Business Manufacturing and marketing of advanced
performance resins/ chemical materials
* epoxy resin hardeners
* functional acrylic monomers
* synthetic resins for paints
* saturated polyester resins
* acrylic resins
* varnishes
* conductive film solar cells
Capital US $. 55 million
Shareholder Hitachi Chemical 100 %
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Reasons for establishing HCNT
- With the expansion of domestic demand in China,
The demand for the funtional resins and chemical materials
used in the building material, coatings,
materials for food packaging,
electronic devices such as smartphones is expanding.
- These market are growing at the pace of 8 % per year.
- To respond to the strong demand,
Hitachi Chemical has established HCNT in april 2011 and
proceeded with the construction of the plant.
- Furthermore, HCNT also plans to produce
a conductive film for solarcells,
- HCNT is now preparing
to commence operation during the second quarter of
fiscal year 2013
Hitachi Chemical
- The Hitachi Chemical Group has 4 manufacturing bases
* Japan
* Malaysia
* Dongguan, China
* HCNT, Nantong, China
for the funtional resins and chemical materials.
- Hitachi Chemical aims to capture the demand in
East Asian and the ASEAN region
and further strengthen and expand the businesses.
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